The New Financial System to Support the
Cashew Nut Market in Cambodia

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Revolutionizing Cambodia’s Economy with Blockchain

Poverty is a serious issue in Cambodia that 80% of the population are unbanked.

The solution to this problem is NutsPay, a social
lending project for the cashew nut market that uses blockchain technology.

The NutsPay system can be applied to other agricultural products in Cambodia.
In the future, it could become the official currency of Cambodia.

Payroll and other payments can also be made with NutsPay

We envision that about 200,000 cashew nut farmers workers will first use
NutsPay to receive their salaries and for payments.

SHANTI

SHANTI will provide blockchain-based financial services

SHANTI is a social lending service that allows users to lend money to anyone in the world via SHANTI platform.
The goal is to enrich the lives of hundreds of thousands of people who do not have access to financial services, i.e., borrowing or investing.

Ms. Ing Laihout, a female entrepreneur who is leading the
cashew nut industry in Cambodia

After 10 years of working as a factory manager at a local cashew nut factory, the factory was sold to a foreign company and all the workers were laid off.
They stood up to protect their livelihood and pride.

With the support of Top Planning, a Japanese company,
they set up a processing plant and now have 110 employees.

The company sells its own brand of cashew nuts, Madame Lai Hout’s Cashew Nuts.

With the support of NutsPay, our goal is to create a sustainable community where young people can work for fair compensation in their hometowns, and to achieve the No. 1 market share in the world.

Cambodiaʼ s Cashew Exports to Vietnam

2016

114,562

2017

178,470

2018

300,165

2019

295,467

2020

276,447

First 9 months
of 2021

1,100,118

Exports to Vietnam was only 270,000 tons until 2020, but jumped to 1.1 million tons in 2021.
The statistics reflects the number
By Vietnam’s tightening of customs clearance, all the numbers that were smuggled out of the country were reflected to the statistics and therefore, the amount of export grew drastically.
About half of Vietnam’s annual cashew production was actually supported by smuggling from Cambodia.

INITIATIVES

: Overseas Remittance

: Cambodia is currently
in the midst
of an economic crisis

: Digital Currency Initiatives
in Cambodia

01
Japanese Government Support for
Cambodian Cashew Nut Development

Support for development of cashew nut processing technology in SDG business deal making.

Building FVCs such as contract cashew farmers, building new processing plants through corporate partnerships, and establishing a Cambodian cashew nuts brand.

02
TOP PLANNING JAPAN Co.,LTD.

Established a cashew nut business in 2020, followed by a business partnership with a cashew nut factory operated by a local female entrepreneur in Cambodia, Ms. Ing Laihout.
Support to increase employment of local Cambodian women by sharing know-how on factory operation and product development.

Certificate of Appreciation from the Ministry of Agriculture of Cambodia