Vietnamese companies are increasingly using blockchain technology to penetrate the halal market, guaranteeing respect for Muslim food laws, Tuoiter News reported.
This innovative approach allows secure storage of Halal certification data, creating transparent and immutable records throughout the supply chain. By taking advantage of blockchain, companies can improve consumer confidence by identifying fraud and labeling errors, facilitating easier identification of halal products on international markets.
The region of the Middle East and North Africa (MENA) presents significant opportunities, the market for halal consumer goods providing for 5.9 billions of dollars by 2025. While exports of agricultural products from Vietnam could potentially increase by more than 50% thanks to a successful penetration of the Halal market, the Politburo is presentation of the conditions of local businesses to engage in production and distribution halal.
The MENA population is expected to reach 600 million by 2030, Vietnam aims to take advantage of its agricultural forces to meet the growing demand for halal products, while sailing in various halal standards in different countries.
