GrainChain Inc

Grainchain introduces blockchain technology to an untapped multi-trillion-dollar global industry, agriculture. This innovation provides instant payment to suppliers and farmers, and immediate access of commodities to buyers. It attacks fraud and corruption through certification and accountability. It streamlines procedures for all farmers, buyers, and participants in the commodities market. Grainchain is a comprehensive exchange platform that modernizes the agricultural ecosystem and tracks… Grainchain introduces blockchain technology to an untapped multi-trillion-dollar global industry, agriculture. This innovation provides instant payment to suppliers and farmers, and immediate access of commodities to buyers. It attacks fraud and corruption through certification and accountability. It streamlines procedures for all farmers, buyers, and participants in the commodities market. Grainchain is a comprehensive exchange platform that modernizes the agricultural ecosystem and tracks farm goods from initial storage to the financial markets. Grainchain’s digital token is backed by fiat currency which provides individuals and organizations in the agricultural industry with a secure and verified method of exchanging commodities. The fixed minimum reserve ratio between all outstanding tokens in circulation and associated real world assets sustains accountability and stabilizes the internal exchange. Grainchain uses the Ethereum blockchain and other audit methods to verify that issued tokens are financially backed by the reserves. The full power of blockchain innovation allows all participants in the industry to use smart contracts and exchange tokens on the internal exchange. The benefits include safe, verifiable, and immediate payments, matching farmer production to buyer order, real time audit trails, agreement creation and enforcement.