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.
How Does Blockchain Technology Work?
Blockchain Benefits
A reliable and immutable
transaction log
An instant, transparent and proven
payment system
for national and international
transactions
True instant settlement and
transfer of title
Self-fulfillment
of smart contracts
The ability to create
reliable and enforceable
agreements between
Producers and any buyer
Traceability
of commodities from
farm-to-market and beyond
- Self-fulfillment
of smart contracts - The ability to create
reliable and enforceable
agreements between
Producers and any buyer - Traceability
of commodities from
farm-to-market and beyond - A reliable and immutable
transaction log - An instant, transparent and proven
payment system
for national and international
transactions - True instant settlement and
transfer of title - Self-fulfillment
of smart contracts - The ability to create
reliable and enforceable
agreements between
Producers and any buyer - Traceability
of commodities from
farm-to-market and beyond - A reliable and immutable
transaction log - An instant, transparent and proven
payment system
for national and international
transactions - True instant settlement and
transfer of title
