Two international agricultural commodities firms have completed a blockchain pilot for Black Sea wheat from the Russian port of Novorossiysk.
Source: cointelegraph.com
Swiss-based Transoil International and Solaris Commodities have completed a blockchain pilot transaction of Black Sea wheat. This piolt utilized Cerealia, a Swiss-based blockchain platform for agro-commoodities trading and financing. Both Transoil and Solaris are involved in the trading of international agricultural commodities such as milling wheat, vegetable oil, and flour. This initiative will seek to minimize any risks and conflicts while the technology will improve dispute settlements and monitor the varying stages of the transaction.
