Blockchain-based agri-commodity trading to tap world’s largest wheat market
Blockchain will streamline trade from Europe’s grain belt. Following two years of pilot testing, a blockchain trade and financing platform for global agricultural trading has seen its commercial rollout from Swiss developer Cerealia SA.The launch follows extensive prelaunch trial implementation with firms from Algeria, Brazil, Dubai, Japan and Ukraine. In November 2018, Cointelegraph reported on the platform’s early use to conduct a pilot transaction of Black Sea wheat from the Russian port city of Novorossiysk. Cerealia told reporters that it has sought to address the need for a fast....
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Agri-trading platform Cerealia will focus on international trading for the world's largest wheat market, Russia.
Wheat growing in Australia is a problem that costs hundreds of millions of dollars each year for growers. To reduce the number of insolvencies or problems with payments that growers often face, one company is attempting to solve this issue with the blockchain. Australian-based AgriDigital, the integrated, cloud-based platform that seamlessly manages contracts, deliveries, invoices, payments, and inventory – which is led by Australian startup Full Profile – concluded its pilot where it was connected to a private Ethereum blockchain computer network earlier this month. According to the....
Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable coin, $MOR on Avalanche. WHEAT is the Growth DeFi ecosystem’s incentive token, and it can be farmed organically by staking WHEAT, GRO, or MOR. It also plays an essential role in Growth DeFi’s new hybrid bridge product.....
Much like gold, oil, or soybeans, Bitcoin is now officially considered a commodity. The agency that regulates the US commodity trading market, the Commodity Futures Trading Commission (CFTC) has finally recognized the digital currency as a commodity. The debate on bitcoin can be defined as a commodity or not as been here for quite some time and the FCTC. By officially recognizing the digital currency as a commodity the CFTC assures its authority to supervise the trading of digital currency futures and options, which will now be subject to the agency's regulations. If there is any....
Grayscale continues to grow, passing $50 billion. That's equivalent to the world’s second-largest commodity ETF. Major U.S. asset manager Grayscale has just surpassed $50 billion in cryptocurrency assets under management for the first time. Grayscale's AUM is creeping ever closer to the $57 billion holdings of the largest commodity ETF. MILESTONE: We just reached $50 billion AUM. Yet another reason to #GoGrayscale. pic.twitter.com/Jrk7n6TAOI— Grayscale (@Grayscale) April 14, 2021 The company has plans to convert into an ETF when regulations allow. If the ETF had been approved....