Cerealia launches blockchain platform for agricultural trading

The Swiss company Cerealia announced the launch of the same name on the blockchain for trade in agricultural products. The platform should simplify the trade in Russian grain.

In testing the platform, which lasted more than two years, Participated Companies from Algeria, Brazil, Dubai, Japan and Ukraine. IN 2018 year, with the help of Cerealia, Russian wheat was delivered from the port of Novorossiysk. After the official launch, buyers of Russian grain will be able to quickly and easier to purchase.

"Traiders can now be on 100% Confident in the product, which they trade, Compared to traditional telephone conversations. Cerealia allows you to instantly sign digital contracts and ensures all the information recorded in the blockchain ", - said CEREALIA Director General Andrey Grigorov.

The Russian grain market is one of the largest in the world and, According to representatives of Cerealia, In the first week after launching the platform, the supply volume exceeded 20 000 metric tons.

In October 2019 The year was reported, that the national estimated depository and the Rosselkhozbank will transfer to the tokenized type the stocks of grain of bidders on the Moscow Exchange.