Skip to main content

Cargill and Rabobank apply Blockchain to the global wheat business

Robobank and a number of logistics service companies have joined hands with the US agricultural giant - Cargill and agribusiness company Argocrop International to bring an application to support the wheat business from South America to South America. Southeast Asia. By using Singapore's Blockchain platform dltledgers, buying and selling transactions become easier.

1. Shorten transaction time



According to primexbt trading, it can take up to a month to execute a transcontinental trade contract in the traditional way.

However, wheat trading companies can use dltledgers' Blockchain platform to conduct end-to-end digital transactions, digitizing documents and transaction processes. This helps the parties reduce the contract signing time to 5 days.

In the words of Jennifer Davidson, Head of Commercial Transactions at Cargill:

"We see this opportunity as a demonstration of a new way of working, using technology to overcome challenges, towards the goal of improving trade capacity as well as ensuring traceability and security. food, nutritious food..."

Rabobank South America executive Mario Cortinhal and Singapore counterpart Olivier De Jong think they can minimize document processing time with smart contracts, which are characteristic of Blockchain technology.

See more: Bitcoin SV Roadmap requires an access password

2. Using Blockchain in Food Supply

Blockchain technology is widely used in the food industry and supply chains. From Starbucks to Nestlé, the food industry continues to develop this technology.

On April 6, Nestlé announced the use of its Blockchain technology IBM Food Trust for its coffee brand Zoégas.

Comments

Post a Comment

Popular posts from this blog

Bitcoin Forms a "Golden Cross" Pattern When Price Hits $7,500

Bitcoin bounced off the $7400-7500 resistance area on Thursday, with a high probability of a rally to $8000 The formation of the Golden Cross pattern predicts an imminent growth.Bitcoin has finally broken out of the ceiling that is holding back the price of the currency to enter a bull market. The coin's value surged past $7,500 on Thursday thanks to a sudden buying move that sent the price up over $704 in just 3 hours. Prices peaked at $7,775 on Coinbase before falling lower in early Asian trading on Friday. BTC was able to enter a resistance area on the chart. However, the upside movement is faltering, showing traders' anticipation for a continuation of the bull market before continuing to buy at regional tops. This could lead to a deeper drop to a lower price range. Formation of the Golden Cross pattern Bitcoin is expected to continue to increase in price, at the same time forming a Golden Cross pattern - a price model that can provide highly accurate predict...
Post a Comment
Read more

Bitcoin price has plummeted but still can't break through resistance!

Currently, Bitcoin on primexbt exchange is facing a strong bearish trendline resistance. Throughout the past week, Bitcoin has failed to break above this resistance line. Just like my analysis last week, when Bitcoin first hit this downtrend line, I also predicted Bitcoin to be pushed down. Figure 1: BTCUSD, COINBASE, EASY Price Chart On the daily time frame (D) Bitcoin is still at a very strong psychological resistance price area, which is a price area that many traders are interested in. As you can see in Figure 1, Bitcoin is facing the following resistance levels: - Old support becomes new resistance - Price range of exponential moving averages EMA20 and EMA50 - Touching the downtrend line So this is still in a very strong resistance area, this price area we will analyze on 2 different points of view. 1. Bitcoin continues to plummet This week I am still basing on the Bitcoin analysis from last week to make the next analysis and prediction for this week. Looking at it objectively on...
Post a Comment
Read more

What do you think about the long-term future of bitcoin? - Primexbt

 Hello Investor,  So - you've seen what the great minds of the world think about Bitcoin.And you also took a look at the material that we are preparing, but do you know why we are so caught up in this new monetary madness? listen to the sharing about Bitcoin of the company's analyst primexbt Bitcoin is the Future of Money Because Bitcoin is the future of money - and we want to be a part of it.To understand why Bitcoin is the future, it is important to understand how money has changed history and how history has changed history.The first exchanges were based on barter , exchange a dozen eggs for a hen; take cows for a wife.Some civilizations even traded goods and services for promises of payment in the future, but that was terribledifficult to track and assign an exact value to each of these credits. And so we invented money.   At first it was simple things - like stones or seashells. A few thousand years and we moved to precious metals and gemstones; but all of th...
Post a Comment
Read more