ICO Hunt: Blockgrain

ICO end date: 31/07/2018

Min. Contribution 0.2 ETH
Max. Contribution 500 ETH

Current Value: 1 AGRI = $0.075 USD

Summary: BlockGrain is a simple-to-use, safe, independent software solution that automates the information sharing across all major commodity supply chain participants in Australia

Key Numbers: The BlockGrain team boasts three years of working with government and business leaders.

Agriculture market cap: Australia- $13B

Worldwide- $4Trillion

Current Solutions: Current farming supply chain solutions are made up of many moving parts including multiple domestic and​ foreign banks as well as traders acting as intermediaries. This all takes place through complex, disparate systems that are expensive to operate. Unsurprisingly, the ecosystem comes with very hefty insurance premiums attached.

Their Solution: A single system with full traceability​, reduced reliance on banks and less manual paperwork. This comes baked with streamlined insurance and an integrated payment system.

Business Model: ICO, Transactions, Commodity Fund.

Growth Strategy: Starting with grain, the company is going to move into the wool, fruit and then livestock markets by 2020.

Team: The team is made up of CEO- Caile Ditterich and a capable roster of members with varied levels of experience in agriculture, technology and marketing. Advisors include blockchain, agriculture, logistics and growth professionals.

Financials: Raised fund will be used for Business operations, research, marketing, platform development and contingency​.

Competition: Riddle & Code, Provenance, Factom.

More info: See website

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