Solving all Agribusiness Challenges
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Why Blockchain?
Using the latest advances in blockchain technology, the GrainChain team has developed an approach to solve industry-wide problems, including inefficient processes based on manual data entry and paper records, limited traceability, fraud at all stages of the supply chain, large and small scale corruption, payment delays, access to the commodity futures market and a cycle of debt that is difficult to escape.
Smart Contracts
Smart contracts are agreements between parties that self-execute when agreed upon terms have been met. Our patented Smart Contract Solution feeds commodity data from sensors and IoT devices into the blockchain, allowing the platform to verify the terms have been met and trigger execution of the contract. This means banks and lien holders get paid first, producers are paid more quickly and easily than ever, and buyers receive immediate tradable title to the commodity.
