AUSTRALIAN startup company, BlockGrain, has teamed up with Clear Grain Exchange to give growers with on-farm storage the ability to market their grain online.
“BlockGrain’s on-farm storage application is the first of its kind, and establishes data integrity for grain stored on farm,” BlockGrain CEO, Caile Ditterich, said.
BlockGrain allows its users to track commodities from paddock to consumer, and through the supply chain, which can include on-farm storage or bulk-handling sites.
It utilises blockchain technology, which enable millions of transactions to be recorded and stored in a single network.
This means that each BlockGrain user has an up-to-date record of each transaction that cannot be altered or deleted, and provides consumers along the supply chain with reliable data.
Mr Ditterich said the collaboration with Clear Grain Exchange was a natural progression for the company.
“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.”
“This sits well with our ethos, which is to return as much value to farmers as we can.”
Clear Grain Exchange managing director, Nathan Cattle, said BlockGrain’s applications fitted well with the company’s 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 is 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.”
Mr Cattle said many Clear Grain Exchange customers had been asking for a service like the one BlockGrain now offered so grain stored on-farm could be traded.
Source: BlockGrain, Clear Grain Exchange