Solving all Agribusiness Challenges
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Problems
GrainChain’s suite of products solve some of the most pressing challenges for producers, storage operators, buyers and the rest of the agribusiness supply chain:
Limited Transparency
Critical commodity provenance and ownership data does not move easily or reliably from one participant to another in the supply chain.
Inefficient Inventory Management Systems
Too much of the agricultural supply chain relies on paper and manual data entry, creating long delays in the flow of information and increasing the opportunities for errors and fraud. Too often, Producers must wait weeks for confirmation on the quantity and squality of the product they have delivered to storage facilities.
Delayed Payments
Unpaid grain contracts, bankruptcy, or slow paying buyers cost the industry up to $40 billion per year.
International Transaction Risk
Currency fluctuations, extensive, burdensome and ever-changing export and import documentation requirements, logistics delays, and disparate legal systems all pose potential risks when dealing in international markets.
Lack of Trust
Producers traditionally have not had the ability to conduct business reliably outside their immediate location or with partners other than trusted buyers from the past.
20th Century Logistics
Getting agricultural products to market is largely dependent on systems and technology from the last century. Reliance on scheduling, coordinating, and tracking deliveries via telephone and fax is outdated and unreliable.
Dependence on Lenders
Delays in payments at each stage of the supply chain puts Producers and others in agribusiness at risk, forcing them to rely on lending and struggling to avoid a cycle of debt.
For Producers
Empowering Producers and bringing efficiency, reliability and security to the agricultural supply chain.
For Storage Operators
Helping growers, elevators and drivers work together in a better, faster and more secure way.
For Buyers
Harnessing blockchain technology and smart contracts to build a better market for buyers.
How we work
GrainChain’s suite of products work together to bring efficiency, reliability and accountability to every stage of the agricultural supply chain.
Benefits of the Trumodity Transaction Platform
- Reduces uncertainty and cycles of debt as Producers receive payments more quickly and with more payment options.
- Smart contracts guarantee reliable and efficient transactions. They are executed automatically with no additional intervention needed, eliminating costs and delays.
- Easily create complex, multi-party contracts utilizing online tools.
- Facilitates non-local and international market access to small or medium size Producers.
- Producers can hedge using forward contracts and optional insurance products.
- Ability to track commodities from the field enables lenders to open up financing for growers.
- All data is securely and accurately stored on the blockchain, eliminating waste and fraud.
- Manage your transactions and data from your mobile device.
Benefits of Seed Audit Preharvest Management
- Capture receipts for seeds and fertilizers
- Geofence your farm land and planting area
- Auditor portal for independent third-party verifiers
- Securely store all certification records
- Document crops with photos linked to additional data including geolocation
- Avoid fraud through complete in-app documentation of commodity data
- Complete traceability starts at the seed stage
- Facilitate virtual meetings and trainings with agronomists
- Seamlessly integrates with GrainChain’s suite of products or can be used independently
Benefits of the SiloSys Platform
- Instant access to harvest inventory data such as quantity and quality with real time tracking
- Quick payments for commodities sold
- 24/7 real time access to portal through mobile device
- Instant transfer of tradable title for purchased commodity
- Improve operational efficiencies through digitizing and automating workflows
- Reduction of errors and redundancy by eliminating manual entry
- Generate instant audit documents for government and insurance inspections
- Attract more customers by offering faster payments and title assignment
- Feel secure with data and transactions recorded and stored on the cloud on an immutable blockchain
Benefits of the HarvX Platform
- Digitized field tickets minimize mistakes and lost inventory
- Schedule and coordinate deliveries online
- Track inventory in real-time from any location
- Receive delivery confirmation and verify quantity and quality data in real-time
- Guide drivers through your farm directly to your harvest with our Follow Me In/Follow Me Out feature
- Submit payments to drivers digitally
- Simplified on-the-spot reporting
- Mobile app accessible from anywhere
