Agriculture giants team up on blockchain platform to track grains in Brazil
The world's largest grains and oilseeds companies, American giants Bunge (NYSE:) and Cargill, have joined together to create the joint venture Covantis, which will use blockchain technology in the agricultural sector in Brazil.
The unprecedented project foresees the exchange of information between all members of Covantis, which also includes the participation of other agribusiness giants such as the French Louis Dreyfus Company (LDC), the Chinese state-owned company Cofco International and the Dutch multinational Glencore (OTC:) Agriculture.
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