The use of blockchain will allow the traceability of the activities of the sector. Achieving sustainability in fishing activities, which have fallen by 20%, is the main goal.
The Spanish Fisheries Confederation released an investment plan of 381 million euros to transform the sector in three years; this plan is set to accomplish its goal in a time going from 2021 to 2023. The idea will include a transition to blockchain technology and artificial intelligence.
Of the total budget, at least 142.8 million euros are required to achieve, through blockchain, a record of its production and supply chain, an online platform that directly connects the crew with the personnel on the ground, a reduction program marine pollution, and even the implementation of telemedicine.
The fishing sector in Spain has had great weak spots and deficiencies due to the lack of young people who want to work in this area and very old fleets that have made it difficult to conduct fishing activity properly, resulting in a drop of at least 20% in fish consumption in 10 years.
In this sense, the Minister of Agriculture, Fisheries and Food, Luis Planas, emphasized that “the objective is the promotion of quality, sustainability, the circular economy, organic production, as well as reduce waste and generate value and employment.”
The project also plans to allocate some 179.3 million euros for the acquisition of new equipment for the management of waste on board and the promotion of its reuse, the construction of more efficient ships with new technology, and the research of alternative fuels.
Blockchain has been used for several years in fishing sectors in other countries to help the supply chain and combat illegal fishing; this would be another reason for Spain to continue betting on this technology to achieve its objectives.
Other Sectors of the Economy in Spain, such as the Timber Industry, Decided to Implement the Blockchain in its Supply Chain.
Implementation could submit a few advantages to this industrial sector. One of the best examples is that merchants would have more transparent access to access better prices and guarantees over product quality.
Moreover, supply chain transparency can help logistics companies work out upon improvements in their services. Wood processors would know better about the source, quality, and classification of raw material as well as improved quality control to certify the collected timber faster and more securely.
Once the software development completes its installment, there will be three pilots in Castilla y León (poplar), Asturias (chestnut), and Galicia (oak).
By: Jenson Nuñez.