World’s first corn transaction using blockchain executed

January 25, 2019 |

In Canada, new tech start-up Grain Discovery sets its sights on transforming the agriculture industry following the world’s first corn transaction using blockchain. Grain Discovery is focused on untangling the complicated supply chain paths for grains.

The Grain Discovery platform gives more control to both farmers and buyers and has endless applications, from allowing consumers to see the path their food travelled, to calculating the carbon intensity behind the production of food and biofuels.

“Farming technology in the agricultural industry is incredibly advanced,” said Rory O’Sullivan, CEO of Grain Discovery. “However, the way grain is bought and sold hasn’t changed much since our grandparents were farming! In the age of Amazon and eBay, we reckoned the industry deserves better.”

Grain Discovery’s online marketplace allows farmers and buyers to advertise their deals in real time and complete their trades through blockchain, resulting in secure and instant payment and built-in traceability that continues beyond the farm gate.

On December 24, 2018, Prince Edward County farmers Larry Reynolds and Lloyd Crowe used the Grain Discovery platform to find a new local buyer, confirm the trade and receive payment instantly.

 

Print Friendly, PDF & Email

Tags: , ,

Category: Fuels

Thank you for visting the Digest.