AWARD YEAR
2021
CATEGORY
Work
GOALS
Decent Work & Economic Growth, Industry, Innovation & Infrastructure, Responsible Consumption & Production
KEYWORDS
ECOSYSTEM, agriculture, commodities, secured transactions
COUNTRY
United States of America
DESIGNED BY
Grain Chain
WEBSITE
https://www.grainchain.io/
GrainChain
Block chain agricultural business ecosystem for secured transactions of real commodities.
GrainChain’s innovative platform can facilitate prompt payment to suppliers and farmers, and the immediate availability of tradable commodities to buyers. It attacks fraud and corruption through certification and accountability, and it streamlines procedures for all participants in the commodities market.
Thanks to the blockchain architecture, the GrainChain platform creates a digital yet secure record of commodity data and transactions.
Farmers:
Immediate payment upon delivery and quality verification. Increased customer base due to secure funded transactions.
Elevators:
Web and app based real time inventory tracking across multiple locations. Fast payment for in/out, storage & management for grain.
Buyers:
Smart contract guarantees availability and quality of purchase. Expanded customer base.