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BUSINESS

DIBIZ says its digital palm oil supply chain platform can be extended to other commodities

03/08/2022 11:47 AM

By Zufazlin Baharuddin

KUALA LUMPUR, Aug 3 (Bernama) -- Technology start-up DIBIZ Malaysia Sdn Bhd says its digital palm oil supply chain platform can be extended to other commodities as well.

Co-founder and chief executive officer Unnikrishnan R. Unnithan said the platform provides an opportunity for Malaysia to become a digital hub in ASEAN.

“Malaysia has the ambition to become the digital hub of ASEAN and a platform like this really provides a huge opportunity for Malaysia to become a truly digital hub,” he told Bernama. “So by looking at Malaysia and Malaysian plantation industries and commodities, we can easily extend this to rubber, timber, pepper or cocoa by just tweaking 20 per cent of the platform while 80 per cent of the architecture remains the same.” 

Unnithan said there are many benefits for all industry players, especially for smallholders if the technology broadens to other crops in the country.

“There are many benefits that will accrue to Malaysia as a country, also to smallholders and to all of the industry participants in general.

“(Managing) palm oil, which is our biggest commodity, (is) a fantastic case study where it would be the first agricultural commodity on a very large scale where a country could adopt blockchain technology to provide sustainability authentication,” he said.

He revealed that the world produces roughly 78 million tonnes of palm oil every year and 85 per cent of that comes from Malaysia and Indonesia, with almost three million smallholders (40 per cent) producing palm oil.

Unnithan said a pilot study to connect smallholders with various supply chain stakeholders has been done through cooperation with the National Association of Smallholders (NASH) in Seremban, Negeri Sembilan, and Colombia.

“Smallholders get daily feedback on daily pricing by getting one real-time pricing information, which means they now have empowered to get fair pricing for their produce.

“They also got a digital real-time record of both quantity and quality that they have produced, which also help them to negotiate for the best pricing possible which was otherwise not available through a digital medium,” he said, adding that the app also educates smallholders about sustainable agricultural practices.

Unnithan also revealed that DIBIZ has had extensive discussions with the Malaysian Palm Oil Board (MPOB) and other stakeholders such as the Malaysian Palm oil Association (MPOA) and Palm Oil Refiners Association of Malaysia (PORAM) for its digital supply chain platform to be used as part of MPOB’s licensing procedure.

--BERNAMA


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