Agricoltura
BlockGrain.io Launches Australia's First Ever Agricultural Token Sale
The token sale follows a successful trial of its beta version designed and tested over the course of the last two years by grain farmers and commodities brokers looking to manage and control their stock more efficiently. BlockGrain.io aims to raise funds to develop the world's first ever blockchain focused exclusively on agricultural supply chains and erasing inefficiencies that currently see up to 30% of cereal crops, 40% of root crops, and 20% of meat and dairy lost.
Caile Ditterich, CEO, BlockGrain:
The BlockGrain platform is looking to create an industry-wide software solution that supports farmers and key ancillary companies on a single, independent, global platform. Such a platform would avoid problems associated with data fragmentation and antiquated checking procedures that impact cash flow for smaller producers.
BlockGrain is an agricultural supply chain platform that connects potential buyers and sellers using blockchain technology. The use of distributed ledger technology eliminates the need for intermediaries such as trading houses and banks to ensure more streamlined logistics. It aims to reduce the 30% (50% in developing countries) loss of value for bulk commodities attributed to inefficient supply chains. BlockGrain completed its pre-sale in April 2018 following the successful trial of its beta version involving six grain brokers and twenty farmers. The proceeds of the token sale will be put towards developing the largest industry-wide blockchain platform for agriculture. BlockGrain is also seeking to expand into wool, fruit, vegetable and livestock with a current beta already running in fruit and vegetable.
Kaitie Zhee, CEO SpaceMadeMedia
Tel: +1-305-857-8700
E-mail: kaitie@spacemademedia.com
John McLeod , Director SpaceMadeMedia
Tel: +44-7886920436
E-mail: john@spacemademedia.com