UAE to implement Blockchain in first of its Kind Smart agricultural project

Blockchain entity Gochain, a subsidiary of HBK Department of Projects in Abu Dhabi UAE has signed a joint venture agreement with SMARTKAS B.V. The agreement between  His Highness Sheikh Hamad bin Khalifa Al Nahyan, member of the Ruling Family of Abu Dhabi, UAE, and his business HBK Department of Projects and SMARTKAS’, an agricultural company based in the Netherlands, will provide a smart agriculture based on zero energy; zero water and zero waste as below:

Together with His Highness, SMARTKAS aims to spend the next ten plus years transforming many hectares of desert sand into a fertile, high-tech farms. Food security is a major concern in the Gulf region, with estimates that 90 percent of food is imported. Utilizing SMARTKAS units (“smart greenhouses”), the joint venture’s goal is to ensure that food security in the GCC area (Cooperation Council of the Arab States of the Gulf—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) will no longer be an issue

The first project will be a 10 hectare (1,000 acre) greenhouse just outside of Dubai. As a key partner to HBK Department of Projects, GoChain is working with SMARTKAS by utilizing GoTrace, GoChain’s blockchain-based transparent asset tracking SaaS platform. GoTrace, which allows individual items, parcels, crates and shipments to be scanned, tracked and traced for transparency and provenance, will be used be used to ensure end-to-end food traceability from farm to table. As His Highness Sheikh Hamad Bin Khalifa Al Nahyan stated, “Food security is among the top priorities for the Emirates, especially after the devastating impact of COVID-19. Our joint venture with SMARTKAS will bring about the future of agriculture in the UAE.”