GrainChain, a blockchain platform that provides the agricultural sector with innovative solutions, plans to expand its supply chain operations by implementing the Symbiont enterprise blockchain network, Assembly, to expand the current business strategy and explore new markets. Assembly provides its clients with solid data privacy, scaling the GrainChain options to the level they define as the one required by their existing and potential clients.
GainChain is currently working with clients in Texas, Mexico, and Honduras, planning to explore the other countries in the region that work in the sphere of agriculture and farming. The main aim of the company services is assisting small and medium-sized farming businesses, the majority of which are low-income ones, to effectively manage fast payments that help businesses succeed.
According to Symbiont Alternative Assets department representative Daniel Turque, the GrainChains’ focus on helping farmers resonated with Symbionts’ values that have brought companies together, working on the collaborated project. One of the key problems of contemporary agriculture is the lack of digital innovations integrated into the business processes that result in many financial issues as farmers do not receive the payment they should for their work.
Implementation of the Symbiont system will allow GrainChain to reach the new technological level that was impossible with their previous partner network Hyperledger Fabric. The previous tests have already demonstrated a higher performance level that will help the company work with more farmers, buyers, and grain elevators.
Working with such clients as Citi, Nasdaq, Ranieri, and Vanguard, Symbiont has a well-developed next-generation blockchain technology that has already demonstrated its efficiency and the broad experience of cooperation with international companies that have improved their financial markets infrastructure.
Speeding up online payments is one of the most discussed and reviewed issues by many companies amid the spreading of coronavirus and the growing importance of improving the effectiveness of all types of online operations in all regions of the world.