World’s 4 Largest Agribusinesses Partner To Put Grain Trades On Blockchain

in #sports6 years ago

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ADM, Bunge, Cargill, and LDC haven't identified a platform yet, but one of them has experience using blockchain technology for agricultural trading.

Archer Daniels Midland Company (ADM), Bunge Ltd, Cargill Incorporation, and Louis Dreyfus Company (LDC), known as the ABCDs of global grain trading, are investigating blockchain to improve efficiency and transparency for customers.

The four global agricultural leaders will create an industry-wide initiative and seek participation from agricultural stakeholders. ADM, Bunge, Cargill, and LDC are looking to both "standardize and digitize" global agricultural shipping transactions.