STEADY SUPPLY: BLOCKCHAIN, INVESTMENTS DRIVING GLOBAL HALAL FOOD SECTOR WITH MALAYSIA KEY BENEFICIARY

STEADY SUPPLY: BLOCKCHAIN, INVESTMENTS DRIVING GLOBAL HALAL FOOD SECTOR WITH MALAYSIA KEY BENEFICIARY
19 July 2022
News & Analysis platform on Food & Beverage Development & Technology in the Asia Pacific region https://www.foodnavigator-asia.com/ published an article by Nurul Ain Razali devoted to the food tech application in the Malaysian halal food sector.
 
According to the review, implementing food tech innovations, blockchain, QR and external investments have advanced the global Halal sector, where Malaysia received the benefits. The country has ranked top in the Global Islamic Economy Indicator by its food sector, receiving more than 20 outside investments inflow that amounted
25.7 bn US dollar. These last updates were emphasized in the report accomplished by DinarStandard in partnership with Salaam Gateway that highlighted food tech as a driver of improving traceability of agri-food production and logistics.
 
Blockchain technology is serving to ensure compliance of food to halal standards and tracing the origins of the imported product. Also, the Department of Islamic Development of Malaysia has launched the usage of QR codes to avoid the unknowing consumption of non-halal food.
 
Global Islamic Economy indicator researched 82 countries according to its data, halal food makes up about 72 percent of the OIC imports, among top countries listed Malaysia, Indonesia, Singapore, including Kazakhstan and UK as new entrants.