One of the world's leading commodity traders, Louis Dreyfus Co. (LDC), said his first business in Blockchain produced "same" results. higher than expected, reports the Financial Times on Monday 22 January.

Encouraging remarks follow Blockchain's first agricultural trade, in which it sold and delivered 60,000 tonnes of soybeans to China in December.

Several partners, namely ABN AMRO, Shandong Bohi Industry Co., Ltd., ING and Societe Generale, joined Louis Dreyfus to complete the trade via Blockchain platform of LDC

Trade powered blockchain included an 80% reduction in transaction processing times for LDCs.

Other reasons explaining Blockchain's business revolve around security and fraud prevention. Wells Fargo Bank has demonstrated to China through the use of self-enforcing contracts.

Karin Kersten, head of trade and finance at ABN AMRO, said in his own statement on the LDC partnership:

"Blockchain technology has the potential to significantly optimize administrative processes around international trade.We are delighted that this test has been successfully completed and that we can further explore the added value and use of blockchain technology. "

Within the spheres of agriculture and the food supply chain experiments were attempted to incorporate Blockchain as a way to improve transparency, particularly for products for which such transparency is required, such as coffee, localized crops and livestock.