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26 October 2020

Agriculture giants team up on blockchain platform to track grains in Brazil

Agriculture giants team up on blockchain platform to track grains in Brazil


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The world's largest grains and oilseeds companies, American giants Bungeand Cargill, have joined together to create the joint venture Covantis, which will use blockchain technology in the agricultural sectorin Brazil.

Together the companies that make up Covantis move around 550 million tons of grains and oilseeds every year.

But with Covantis all this information circulates using blockchain technology, which, according to its participants, helps the flow of information, prevents fraud and ensures the security of shared data

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