AgriDex, the world’s first digital market place for the ‘farm to fork’ $9 trillion agricultural and food sectors, will go live before the fourth quarter of 2021. The AgriDex market place, which already has garnered serious interest from [over 150] corporates across this global industry, automates the interactions between farmers, food producers, industrial, commercial, financial and governmental players around the globe and across the supply chains.
By exploiting the efficiencies of smart contracts and the immutability and the quantum-safe security of the L3COS permissioned blockchain operating system, AgriDex enhances transparency, food provenance and reduces transaction costs for every participant.
The market place will be underpinned by the issuance of AgriDex tokens, the value of which will be pegged to the British pound, as a digital asset to facilitate frictionless trade. The tokens will be the medium of exchange used by all participants trading on the platform to settle invoices with each other giving the tokens both an intrinsic value and a practical application.
A spokesperson for AgriDex said: “When developing the AgriDex solution, we considered every stakeholder in the value chain; it is a global game changer and has no equivalent in any other sector. And it’s not just about the efficiencies we will bring to the whole supply chain, but that each automated transaction will cost only a fraction of a penny.
“It has the raw potential to introduce greater trading productivity, enhance the provenance and sustainability of the food we eat, and benefit farmers and consumers alike.
“We look forward to welcoming more companies and organisations to the platform.”
Zurab Ashvil, CEO and Founder of L3COS said: “L3COS will be powering the AgriDex platform which aims to revolutionise the world’s most important import-export sector; the savings from the efficiencies will add to the value received by those in the supply chain and reduce the costs of food for consumers.”