Blockchain Grain Trading Platform Sees Commercial Launch to Tap Russia Market

November 10, 2020

Bitcoin diggers

Intending to encourage exchanging of actual grains, Cerealia is zeroing in on the worldwide market for Russia, the world’s biggest wheat provider.


The undertaking has just gone through a progression of preliminary exchanges with taking an interest organizations from Japan, Dubai, Ukraine, Turkey, Algeria and Brazil, per the report.


Permitting shipments as large as 20,000 metric tons, Switzerland-based Cerealia intends to give quicker exchanges and greater recognizability utilizing blockchain tech.


“Dealers would now be able to be 100% sure they truly did the exchange, versus conventional via telephone financier,” CEO Andrei Grigorov said.


The agri-exchanging industry has been looking at the likely advantages of blockchain for quite a while.


In 2018, four of the greatest agrarian companies said they would utilize blockchain and AI to bring the worldwide grain exchange into the computerized age.


Image Courtesy : Pixabay

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