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Blockchain Vendors IBM And Grainchain Emphasize Benefits In Argentina

September 9, 2018: 12:00 AM EST
At a farming conference in Argentina two providers of blockchain applications emphasized the benefits to food production. IBM pointed out how traceability and certificate management generate trust through the supply chain, especially when done at speed: in Mexico its system enabled Walmart to determine the origin of each mango in two seconds compared to six days previously. UK-based Grainchain, which offers an "ag-tech" platform for commodities trading, emphasized how blockchain helps both sides have faith in a contract. Each party knows the contract is verified, is unalterable and will be honored. Use of blockchain solutions is at an early stage in Argentina but as processes get standardized and benefits become clear, vendors see large potential in this agriculturally intensive nation.[Image Credit: © GrainChain]
Alidad Vassigh, "Sourcing That Mango: Blockchain Brings Transparency To Food Supplies", Worldcrunch, September 09, 2018, © Worldcrunch - in partnership with CLARIN
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