Hyperledger Grid is a recently announced project from Hyperledger that aims to streamline supply chains by using blockchain technology. Cargill — the U.S.’s largest privately held company with $114.7 billion in revenue — states that the Hyperledger Grid can “accelerate development of blockchain and other digital solutions for the global food and agriculture supply chains.”
Cargill notes that Hyperledger Grid has provided a suite of tools with which it can address agricultural supply chain issues such as traceability, food safety and trade settlement. The announcement did not include specific details regarding the nature of Cargill’s investment.
The ag giant has previously explored blockchain technology applications in its business. In October 2018, Cargill partnered with Archer Daniels Midland Co., Bunge Ltd. and Louis Dreyfus Co. to digitize international grain trading by using blockchain and artificial intelligence technologies. The four firms, known as ABCD, plan to integrate blockchain technology on different levels of the supply chain, including shipping, storage, and customer experience.
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