• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Blockchain News

Two US agribusiness joins blockchain venture to streamline operations in Brazil

Ibiam Wayas by Ibiam Wayas
Oct 16, 2020 at 06:05 am
in Blockchain News
2 min read
ASX blockchain clearing system delayed for launching until 2023
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Grains and oilseeds companies partners to boost operations in Brazil.
  • The blockchain platform is expected to debut by next year.

Agricultural is one other sector where blockchain technology is steadily harnessed to improve business operations in the farms. Many agribusiness companies are using technology today to boost food supply chain tracking as well. Today, several companies in agricultural have collaborated to modernize grain tracing and other related operations in Brazil.

Covantis: Agribusinesses alliance on blockchain

The reported consortium involves two United States agribusinesses – Bunge and Cargill – which deals on grains and oilseeds. Together with other companies involved in the venture, such as Dutch multinational Glencore Agriculture, Louis Dreyfus Company (LDC), etc., they agribusiness plans to improve and digitize the operations for grains and oilseeds in Brazil using blockchain.

This was disclosed by Petya Sechanova, the CEO of Covantis, which is the name of the newly formed consortium. According to the report, the agribusinesses participating in Covantis facilitate over 550 million tons of grains and oilseeds on an annual basis. However, market operation in Brazil is complex, which is why the joint venture is mostly aimed at the country.

RelatedPosts

Tech Mahindra developing a Stablecoin service targeting banks

South Korea to launch blockchain-based vaccine passports

Sushiswap contract launches on 5 different networks

Binance Smart Chain unique addresses hit 47.3M ATH

Blockchain in Agriculture

Using the blockchain technology, most of the manual process of grains and oilseeds transaction will be digitized, allowing easy sharing of information amongst the participating agribusinesses. Given blockchain property, this information is secured and protected from frauds. After Brazil, Covantis will focus on modifying the agricultural sector of other countries using blockchains, such as the US and Argentina.

Recently, Cryptopolitan reported that Argentina’s Rolar de Cuyo has partnered with IBM Food Trust, to boost the supply chain tracing of its products from the cultivation stage to the market. In this way, Rolar de Cuyo is looking to ensure trust and transparency for the country-made olive oil. In addition, the Norwegian Seafood Association (NSA) had joined the IBM Blockchain network to revive the country’s salmon production.

Tags: blockchain capitalBrazilUnited States of America
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Tech Mahindra Stablecoin
Blockchain News

Tech Mahindra developing a Stablecoin service targeting banks

Apr 07, 2021 01:19 pm
Vaccine passports
Blockchain News

South Korea to launch blockchain-based vaccine passports

Apr 01, 2021 10:00 am
Sushiswap contract
Blockchain News

Sushiswap contract launches on 5 different networks

Mar 08, 2021 10:53 am
Binance Smart Chain
News

Binance Smart Chain unique addresses hit 47.3M ATH

Mar 02, 2021 12:01 pm
SBI adopts JPMorgan’s Blockchain network for cross-border payments
Blockchain News

SBI adopts JPMorgan’s Blockchain network for cross-border payments

Feb 23, 2021 09:57 am
digital dollar
Blockchain News

The U.S. government needs to focus on the digital dollar and blockchain – BRI report

Feb 16, 2021 07:44 pm

Follow Us

  • 51k Fans
  • 8.3k Followers

Popular News

  • DOGE Price Prediction

    DOGE Price Prediction: Dogecoin to the moon, to hit its $0.2 target after safeguarding support

    1371 shares
    Share 548 Tweet 343
  • Ripple price prediction: XRP blasts past $1.8392 as bulls relentlessly pursue $2.0

    1347 shares
    Share 539 Tweet 337
  • Cardano price prediction: ADA fails to break above $1.50, what’s next?

    1319 shares
    Share 528 Tweet 330
  • XRP Price Prediction 2021, 2023, 2025, 2030

    1301 shares
    Share 520 Tweet 325
  • Dent Token Prediction for 2021 – 2025

    1256 shares
    Share 502 Tweet 314

Latest News

Amazon

Amazon pressured to begin accepting Dogecoin payment

April 20, 2021
Facebook Diem

Libra resurfaces as Facebook Diem prepares for launch 2021

April 20, 2021
Former OCC chief, Brian Brooks is joining Binance.US as CEO

Former OCC chief, Brian Brooks is joining Binance.US as CEO

April 20, 2021
Venmo now allows buying and selling of digital currencies

Venmo now allows buying and selling of digital currencies

April 20, 2021
XRP Investors

XRP investors file lawsuit against SEC

April 20, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News

Binance News
Ripple News
Cardano News

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker
Sitemap

Exclusive Partners of

Footer 1

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Cardano Price
    • Binance Coin Price
    • Price Prediction
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.