ABSTRACT

Blockchain can make trade fairer. In this context, ‘Fair Trade’ means ensuring that producers are paid fairly and work in conditions that are safe and humane, and that consumers can be guaranteed the origins and quality of the products that they consume. These requirements import notions of social responsibility. Chapter 7 focuses on trade in agricultural produce and extracted minerals. Fair Trade is one of the UN’s 17 Sustainable Development Goals. The blockchain’s capacity to audit and automate transactions can play a significant part in the achievement of this particular goal.