For Immediate Release
January 16, 2019
GRAIN DISCOVERY EXECUTES WORLD'S FIRST CORN TRADE USING BLOCKCHAIN
New tech start-up Grain Discovery sets its sights on transforming the agriculture industry following the world’s first corn transaction using blockchain. This trade on the Grain Discovery platform is the first step in creating a more modern, transparent, and secure agricultural supply chain.
Founded in 2018 by leaders in the commodities, blockchain, trading and data fields, Grain Discovery aims to revolutionize how farmers trade their grain.
"Farming technology in the agricultural industry is incredibly advanced," explained Rory O’Sullivan, CEO of Grain Discovery. "However, the way grain is bought and sold hasn't changed much since our grandparents were farming! In the age of Amazon and eBay, we reckoned the industry deserves better."
Grain Discovery’s online marketplace allows farmers and buyers to advertise their deals in real time and complete their trades through blockchain, resulting in secure and instant payment and built-in traceability that continues beyond the farm gate.