In world first, Penang to adopt blockchain tech in halal industry

Looi Sue-Chern

Chief Minister Chow Kon Yeow speaking at the 10th Penang International Halal Expo and Conference in George Town today. The state's move to adopt blockchain technology in its halal industry will boost transparency and efficiency in the supply chain. – The Malaysian Insight pic by David ST Loh, March 1, 2019.

PENANG will adopt blockchain technology in its growing halal industry to ensure better transparency and efficiency in the supply chain.

This makes the state the first to use the technology in the industry, said Confexhub CEO Paul Yeo.

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  • And so the costs will go up along the value chain before any product hits the consumer. In other words , Halalisation is becoming more costly , as to be unaffordable - to every player along the value as certification is a cost element , and eventually paid by the consumer. This is one way how regulators complicates life for a Muslim - who can only consume products manufactured by the ' already wealthy '. Hopefully the Warongs will not be coerced into this scam ( riding on religious belief ) - but one never knows.

    Posted 2 years ago by Jaafar Ismail

    • If you read more about blockchain, you will know that you are wrong. Blockchain a.k.a ledger tracks all transaction digitaly, securely and is permanent. It eliminates ". This is not cryptocurrency.

      Posted 2 years ago by Faizul M

    • It eliminates "shady middleman" that tends to find ways to manipulate or abuse the whole system. This is not crypotcurrency like Bitcoin and the like.. What they are talking about is Blockchain. The technology that businesses nowadays ought to look into in order to simplify processes.. Cyrptocurrency like Bitcoin is using Blockchain as an example. Why some peope say it is a scam?

      Posted 2 years ago by Faizul M

    • Why some people say bitcoin or other cryptocurrency is a scam? Simple. It is when you purchase those cryptocurrencies with your hard earned money, only then you'll know that it is a scam. So my advise to all is to stay away from Cryptocurrency but open your mind and give a thought about the bright future of Blockchain applications.

      Posted 2 years ago by Faizul M