GrainChain CEO: Blockchain brings new opportunities for crop production and sales

According to Forbes news, regarding how blockchain can bring new opportunities for crop production and sales, Luin Macias, co-founder and CEO of GrainChain, said the company tracks millions of pounds of grain transportation every day. Blockchain applications are slowly starting up globally, which can shorten the time to collect this data. Having very fast and traceable data will help the company withdraw from a market without food shortages and sell grain to another market with food shortages. At the same time, because each participant in the supply chain sees the same transaction record, it is easier to identify fraud, thereby allowing digital agreements between buyers and sellers (called smart contracts) to be executed on the same day instead of the current 90 day.