PlayIconNav
BTC
$67,890.29+2.99%
ETH
$3,270.89+2.82%
BNB
$581.27+1.78%
SOL
$182.48+5.93%
XRP
$0.60098659-0.02%
DOGE
$0.13373712+6.30%
CD20
$2,295.84+4.06%
TON
$6.71+1.34%
ADA
$0.41637545+5.36%
TRX
$0.13756063+1.35%
AVAX
$28.71+5.43%
WBTC
$67,980.85+3.19%
Ad
Finance

Blockchain Grain Trading Platform Sees Commercial Launch to Tap Russia Market

Agri-trading platform Cerealia will focus on international trading for the world's largest wheat market, Russia.

By Daniel Palmer
AccessTimeIconNov 10, 2020 at 11:06 a.m. UTC
Updated May 9, 2023 at 3:13 a.m. UTC
grain harvest

Blockchain-based agriculture trading platform Cerealia has announced its commercial launch, Bloomberg reports Tuesday.

  • Aiming to facilitate trading of physical grains, Cerealia is focusing on the international market for Russia, the world's largest wheat supplier.
  • The project has already undergone a series of trial transactions with participating companies from Japan, Dubai, Ukraine, Turkey, Algeria and Brazil, per the report.
  • Allowing shipments as big as 20,000 metric tons, Switzerland-based Cerealia aims to provide faster trades and more traceability using blockchain tech.
  • “Traders can now be 100% certain they really did the trade, versus traditional over-the-phone brokerage,” CEO Andrei Grigorov said.
  • The agri-trading industry has been eyeing the potential benefits of blockchain for some time.
  • In 2018, four of the biggest agricultural corporations said they would use blockchain and AI to bring the international grain trade into the digital age.
VolumeMuteUnmute

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

  • What Do EigenLayer's Outflows of $2.3B Signal?
    00:57
    What Do EigenLayer's Outflows of $2.3B Signal?
  • What Do TradFi Crypto Moves Mean for Decentralization?
    04:20
    What Do TradFi Crypto Moves Mean for Decentralization?
  • Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
    02:02
    Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
  • Ether Slides as Grayscale's ETHE Outflows Ramp Up
    00:53
    Ether Slides as Grayscale's ETHE Outflows Ramp Up

    • Also read: Australia’s Biggest Grain Exporter Trials Blockchain Tracking System

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.