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Agriculture Industry
The world of business has grown increasingly complicated. The quantity of partners and suppliers is difficult to keep track of. Global supply chain management, which includes repetitive duties such as post-trade execution, has become a significant concern in recent years. The goal of blockchain is to make global trade more safe, easy, and efficient. Its aim is to reduce operational risk while increasing market efficiency in the agriculture trade and transportation industries. It enables a global network to carry out a variety of agricultural trade processes, such as document management and user productivity monitoring.
Cost Effective
Challenge 1:
Global supply chain management with post-trade execution that includes repetitive tasks is difficult.
Solution 1:
Streamline the processes such as monitoring from origin to destination, import, final collection, and inventory ownership, etc.
Time Effective
Cost Effective
Challenge 2:
International trade is complex, non-digitalize global trade will cause inefficient communication which cause risk.
Solution 2:
Simplify global trade by establishing a safe, collaborative, and secure ecosystem in which all stakeholders may connect without difficulty.
Time Effective
Cost Effective
Challenge 3:
Not easy to track the numbers of partners and suppliers through manual processing and paperwork.
Solution 3:
Standardization and simplification in the agricultural trading industry via electronic documents.
Time Effective