Assam Launches AI and Blockchain Tea Auction System
Assam has set a new benchmark in the tea industry by launching India’s first AI-powered and blockchain-based tea auction system. The move aims to bring transparency, efficiency, and security to the age-old tea trade, ensuring fair pricing and smooth transactions for both buyers and sellers.
The integration of blockchain technology is expected to eliminate price manipulation and create a tamper-proof record of every transaction. This system promises to modernise the tea auction process, which has largely remained unchanged for over a century, and align it with global standards seen in agricultural supply chains.The announcement, made during Assam’s recent budget presentation, has been widely hailed by industry experts. The state’s tea sector, with its rich 200-year-old legacy, is set to benefit significantly from this transformation.
The implementation of blockchain technology, which has already proven successful in agricultural industries worldwide, will help ensure that auctions are transparent, eliminating unfair practices that have plagued the sector for years.
In addition to this progressive step, the state government has also rolled out a welfare scheme for tea garden workers. In recognition of their invaluable contribution to Assam’s economy, the government will provide a one-time financial assistance of Rs. 5,000 to each of the 6.8 lakh tea workers, both permanent and casual. A budget of Rs. 342 crore has been allocated to this initiative.
While the introduction of blockchain technology has been welcomed, there are calls for a gradual implementation to ensure a smooth transition. The shift towards digital systems, although necessary, could face resistance due to the deep-rooted practices in the traditional auction process.Assam’s move represents a bold step forward in embracing technological innovation for greater fairness and sustainability in agriculture. It is expected to set the stage for other sectors in India to explore similar transformations, potentially enhancing market efficiency and the overall quality of trade in the country’s agricultural exports.
