Money Ball: Thai Aquaculture Cleans Up with Blockchain, Analytics
Blockchain player Diginex and data intelligence and analytics company Verifik8 signed a long-term agreement to protect workers in the Thai aquaculture. By combining blockchain and analytics, both companies are looking to better protect workers from exploitation.
As part of the agreement, Verifik8 will integrate eMin into its existing farming monitoring tools called Blue 8/Green 8, which are already being used by 5,000 workers on the ground in Thailand.
“This agreement is a natural progression in the evolution of eMin – proving that blockchain can have a positive impact and is more than just a ledger of transactions. Migrant workers can now own their data and can easily access their own contracts using this tool,” said Mark Blick, head of Government Solutions at Diginex.
eMin is a blockchain-enabled tool developed by Diginex in partnership with the antislavery NGO Mekong Club. It is designed to help eradicate modern slavery through the worker recruitment process by recording employment contracts in a secure, traceable manner.
Verifik8’s CEO, Ms. Emmanuelle Bourgois, said: “We were impressed by the results of the pilot and can see the potential of rolling out the eMin functionality across the employers we partner with, which will reach thousands of workers on hundreds of farms in Thailand. eMin shares our mission in building an industry solution that enables an inclusive data ecosystem, which will drive a race to the top for responsible supply chains.”