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The US-based agricultural conglomerate, Cargill, has announced that it is investing digital engineering resources to develop Hyperledger Grid, according to an announcement on Jan. 25.
Hyperledger Grid is a project recently announced by Hyperledger that aims to streamline supply chains by using blockchain technology. Cargill – America's Largest Private Company With $ 114.7 Billion in Revenue – Says Hyperledger Grid Can "Accelerate Blockchain and Other Digital Solutions for Food and Agricultural Supply Chains global. "
Cargill notes that Hyperledger Grid has provided a series of tools to address issues related to the agricultural supply chain such as traceability, food safety and trade regulation. The announcement did not contain specific details about the nature of Cargill's investment.
The agriculture giant has already explored applications of blockchain technology in his company. In October 2018, Cargill was badociated with Archer Daniels Midland Co., Bunge Ltd. and Louis Dreyfus Co. to digitize the international grain trade using blockchain technologies and artificial intelligence. ABCD, the four companies, plan to integrate blockchain technology at different levels of the supply chain, including shipping, storage and customer experience.
Louis Dreyfus Co. completed its first chain block-based shipment in January 2018, sending soybeans from America to China using the Easy Trading Connect blockchain platform.
Hyperledger is a large collaboration hosted by the Linux Foundation and bringing together computing giants such as IBM, SUP, Intel and financial institutions JP Morgan and Deutsche Börse. On December 11, Hyperledger announced the addition of 12 new members, including Alibaba Cloud, a subsidiary of the e-commerce giant; Citigroup Financial Services Company, Deutsche Telekom, one of the largest telecommunications providers in Europe; and the european trading platform blockchain we.trade, among others.
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