May 2021
International trade operations have not seen major technological innovation since the mass adoption of email 30 years ago—leaving post-trade execution highly complex, with repetitive, manual, costly, and time-consuming operations.
The Covantis initiative was jointly founded by ADM, Bunge, Cargill, COFCO, Louis Dreyfus Company and Viterra. Its platform is focused on digitizing global trade processes to make them more simple, secure, and efficient.
Blockchain solutions from ConsenSys products Quorum, Codefi, and Diligence enable Covantis to create a global network for efficient execution of bulk agricultural trade operations.
This case study walks through the initiative's objectives, planning, execution, and early results:
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