Using Web3 is creating a breakthrough in the aquaculture industry, helping farmers optimize production, increase process transparency, and enhance product value.
Aquaculture is a key economic sector in Vietnam but faces many challenges related to management, transparency, costs, and market access. The emergence of Web3 and related technologies is expected to be the "golden key" that enables aquaculture farmers to make strong breakthroughs and simultaneously elevate product value in the global supply chain. So, what is Web3? What practical benefits does this technology bring to aquaculture workers? Let’s explore the details below.
Web3 and Related Terms
What is Web3?
Web3 is the new generation of the Internet, built on blockchain technology, which allows data to be stored in a decentralized, transparent, and tamper-proof manner. With Web3, users control their own data and digital assets instead of relying on big companies like Facebook or Google.
Some related technologies:
- Blockchain: A digital ledger that records all transactions and cannot be altered.
- Smart contract (Hợp đồng thông minh): Đoạn mã tự động thực hiện giao dịch, đảm bảo các bên đều giữ cam kết.
- NFT (Non-Fungible Token): A piece of code that automatically executes transactions, ensuring all parties keep their commitments.
- IoT (Internet of Things): A unique token representing digitized information (products, certificates of origin).
Web3 Solutions Optimize Aquaculture Production and Business
1. Automatic, Transparent Product Traceability
Thanks to blockchain and IoT, every step in the aquaculture process—from feed, pond environment, harvesting to processing—is recorded. Consumers or partners can scan QR codes to see the full product history. For example, a shrimp cooperative in Bac Lieu has collaborated with a Vietnamese blockchain startup to track origins, helping products meet export standards to the US and Europe.
2. Smart Contracts Ensure Secure Transactions and Reduce Risks
Smart contracts allow parties (farmers, traders, factories) to sign and execute purchase agreements without fear of fraud or disputes. Delivery and payment conditions are automated, reducing legal costs and waiting times. In India, the blockchain platform StaTwig ensures cold chain control for shrimp and fish and automates payments upon safe delivery.
3. Digital Product Trading and NFT Creation for Aquaculture
Farmers can "tokenize" (convert into NFTs) each batch of aquaculture products, auction or list them on Web3 marketplaces, reaching global customers without intermediaries. The startup TraceSea has successfully tested this model with tuna in central Vietnam, increasing prices by 20% due to transparent origin and quality.
4. Smart Management with Real-Time Data
IoT connected with blockchain automatically records indicators such as water temperature, pH, oxygen levels, improving farming efficiency and early disease prevention. Transparent data helps businesses and cooperatives make faster and more accurate decisions.
Practical Applications of Web3 in Aquaculture
- Vietnam: Many cooperatives apply IoT combined with blockchain, tightly tracking origin to expand export markets to the EU and US.
- Worldwide: Walmart (USA) uses blockchain to control the cold chain for salmon, reducing losses by 30% and increasing consumer trust.
Conclusion
Web3 opens a new space for Vietnam’s aquaculture industry by solving transparency issues, optimizing production processes, accessing global markets, and increasing product value. It is time for businesses, cooperatives, and individuals in the sector to start learning about and applying Web3 to avoid falling behind. If you are interested in Web3 solutions for aquaculture, contact technology experts or reputable startups for consultation and early implementation.
CONTACT INFORMATION:
Wiintek Technology Joint Stock Company
Address: 183C Nguyen Van Dau, Ward 11, Binh Thanh District, Ho Chi Minh City
Hotline: +(84) 929 853 399
Email: wiintek@gmail.com
Website: https://wiintek.com/
