Its minister, Datuk Mohd Khairuddin Aman Razali, said blockchain technology is a big element and it is also part of the ministry’s preparation towards “Big Data” which enables it to analyse the industry development and make the right decisions.
“However, this matter needs a careful study in terms of several aspects such as infrastructure, costs, requirements, and existing legal provisions.
“It should be studied in more detail with all agencies under the ministry to provide strategic planning in responding to the government’s call towards the Fourth Industrial Revolution (IR4.0),” he said in a question-and-answer session in the Dewan Rakyat today.
He was responding to a question from Datuk Seri Shamsul Iskandar (PH-Hang Tuah Jaya) who wanted the ministry to state its readiness in improving the sustainability of the Malaysian palm oil industry, especially in terms of traceability.
Khairuddin said the ministry had also implemented a mandatory Malaysian Sustainable Palm Oil (MSPO) certification scheme from January 1, 2020.
He said according to the latest statistics on MSPO certification achievement until October 21, about 88 per cent of the oil palm plantation areas covering 5.19 million hectares, and 421 of the 452 palm oil mills, have been MSPO-certified.
“Efforts to improve the traceability aspect in MSPO certification are being actively implemented with the development of the Malaysian Sustainable Palm Oil Trace (MSPO Trace) Application which was developed and launched in November last year.
“MSPO Trace is an information technology platform for continuous certification monitoring aimed at providing accountability and traceability throughout the oil palm value chain from growers to customers,” Khairuddin said.
MSPO Trace was developed using data from MSPO certification for traceability functions, he added. — Bernama