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

Compare Bitcoin investment and Bitcoin trading at Primexbt

In recent months in 2021, bitcoin has broken out in value from $5,000 to $69,000, attracting a huge wave of interest from both professional and casual traders. When participating in this volatile bitcoin trend, the first thing you need to do is decide whether to trade or invest in this cryptocurrency.The suitability of these two options depends on many factors, ranging from a willingness to take risks to a long- or short-term investment strategy. To help you make the right decision, we've listed some characteristics of both below: Bitcoin Trading on primexbt It is possible to speculate on the price without actually owning it Leverage can be applied to open a position with a very small amount of money Can trade quickly without having to wait for the exchange It can find opportunities to sell and buy BitcoinsGreater short-term profit potential, while also higher risk Invest in Bitcoin Allows you to get the most out of your purchased bitcoin ownership Must make purchases through excha...
Post a Comment
Read more

Tron DApps Available on Samsung App Store

Tron is expanding its ecosystem of cooperation with Blockchain Samsung in a new field that incorporates Blockchain games, which will be made available on its mobile devices. The Tron (TRX) project was announced on April 27, stating that applications built with Blockchain will be available on the Samsung Galaxy store. Tron DApps Available on Samsung App Store Tron and its tokens are backed by Samsung's Blockchain Vault, which stores private keys in a secure storage box. The integration is announced alongside Bitcoin (BTC) and Ethereum (ETH). As Tron has announced, Samsung's app store will include "Blockchain apps like Cuties, Super Player, Meerkat Mining, and Timeloop." It should be noted that Blockchain Cuties is a cross-platform game, and more and more Ethereum users are participating, even though transactions mostly take place on Tron. According to Dappradar.com, Super Player is probably currently an Ethereum-specific project. The other two applications are not yet ...
Post a Comment
Read more

Director of BIS Innovation Hub: COVID-19 reveals the value of DLT

Benoît Cœuré, director of the Innovation Hub at the Bank for International Settlements, recently said that central bank digital currencies, or CBDCs, crypto, have been “highly centralized.” amid the corona pandemic. On April 17, speaking during a webinar organized by Accenture, the Bretton Woods ReReinventing Committee and the Chamber of Digital Commerce, Cœuré said that “the crisis has revealed the value of technologies that have the potential to help the industry. economic expansion of its activities”. He also revealed that the Bank for International Settlements (BIS) is looking into tokenization or crypto as a possible solution, to restart some segments of the economy during the lockdown period because of Covid-19. Corona pandemic reduces cash consumption The head of Innovation Hub highlighted the decline of cash payments during the Covid-19 pandemic, and affirmed that the current economic situation creates a lot of discussion around CBDCs: “Central bank digital currency is being di...
Post a Comment
Read more