US and China Use Blockchain to Trade Soybeans

A shipment of soybeans traveling from the US to China has become the first fully-fledged agricultural trade to utilize blockchain. Blockchain Continues Its Newfound Influence According to a report in TheΒ Business Times, the parties involved in the trade included Louis Dreyfus Co, Shandong Bohi Industry Co, ING, Societe Generale, and ABN Amro. The companies took advantage of blockchain to digitalize the sales contract, letter of credit, and certificates using the Easy Trading Connect (ETC) platform. Read More The post US and China Use Blockchain to Trade Soybeans appeared first on Bitcoinist.com.



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