Categories
Blockchain Cryptocurrency Overstock Smart Contracts Supply Chain

Overstock’s Medici Ventures Acquires Stake in Agricultural Blockchain Firm

Medici Ventures now has a 10 percent stake in agricultural blockchain firm GrainChain, with the option to acquire an additional 10 percent. Medici Ventures, the blockchain venture arm of Overstock.com Inc., has purchased $2.5 million in equity in agricultural blockchain project GrainChain, according to a press release shared with Cointelegraph Dec. 4. Founded in 2003, […]

Categories
Adoption Blockchain Cryptocurrency Russia Supply Chain Switzerland Transactions

Commodities Firms Complete Blockchain Pilot for Black Sea Wheat

Two international agricultural commodities firms have completed a blockchain pilot for Black Sea wheat from the Russian port of Novorossiysk. Swiss-based Transoil International and Solaris Commodities have conducted a blockchain pilot transaction of Black Sea wheat, S&P Global reports Nov. 12. Both companies are involved in the trading of international agricultural commodities like milling wheat, […]

Categories
abu dhabi ports adam bennet Blockchain ChromaWay Cryptocurrency maqta mohamed juma al shamisi new south wales pot of antwerp silsal project Supply Chain

Blockchain Technology Adopted for Land Registry and Sea Trade

Blockchain technology is rapidly being adopted for public purposes. New South Wales’ plan to fully digitize property transactions and Abu Dhabi Ports’ test to improve cargo visibility and streamline trade flows are two new examples of the disruption taking place today. New South Wales Partners with ChromaWay to Digitize Property Transactions by July 2019 As […]

Categories
Blockchain Cryptocurrency Food Overstock Supply Chain

Overstock’s Medici Ventures Invests in Blockchain Platform to Fight Wine Counterfeits

Overstock’s investment subsidiary Medici Ventures has funded a blockchain project aimed at fighting wine counterfeit. Overstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, […]