News and Announcements
Queensland startup BlockGrain collaborates with Clear Grain Exchange
- Published June 12, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Key Takeaways:
- BlockGrain has teamed up with Clear Grain Exchange
- Providing farmers with on farm storage with the ability to market their grain via the Clear Grain Exchange
MELBOURNE — BlockGrain, an Australian agriculture and technology startup, has teamed up with Clear Grain Exchange, Australia’s largest online grain marketplace, to provide farmers with on farm storage the ability to market their grain via the Clear Grain Exchange.
This relationship will see Clear Grain Exchange working side by side with BlockGrain to provide direct marketing options to farmers who are storing their commodities on farm.
BlockGrain allows farmers to accurately track their commodities from paddock to farm storage, bulk handlers through to the consumer. It utilises blockchain technology, which allows for the recording and storing of millions of transactions in one single computer network. This means that each computer has an up to date record of each transaction that cannot be altered or deleted at any time, therefore empowering consumers all along the supply chain with data they can trust.
Caile Ditterich, CEO of BlockGrain, said the collaboration with Clear Grain Exchange was a natural progression of the company.
“BlockGrain’s on farm storage application is the first of its kind and establishes data integrity for grain stored on farm. By linking it with a trusted platform like Clear Grain Exchange, our customers can access an open network of buyers in Australia to ensure they achieve true value for their commodities.”
“We are very excited to be working alongside the best in the business. Clear Grain Exchange have a track record of returning value to farmers by operating an open and independent exchange where all buyers can purchase grain direct from farmers. This sits well with our ethos, which is to return as much value to farmers as we can,” Mr Ditterich added.
Nathan Cattle, Managing Director of Clear Grain Exchange, said BlockGrain’s applications fit well with their exchange technology.
“Integrity around grain data is important for participants to have confidence in what they are buying and selling on an electronic exchange.”
“BlockGrain are a young and dynamic business looking to solve the gap of accurate information for grain stored on farm which is something we are motivated to support. Many of our customers have been asking for Clear Grain Exchange to trade grain stored on farm and BlockGrain provide a missing piece to help make this happen,” Mr Cattle added.
About BlockGrain
First industry-wide platform to provide seamless integration between growers, grain brokers, buyers and logistics providers building the best automated software solution to solve the agricultural industry’s greatest supply chain issues.
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