Four Agricultural Giants Eye Blockchain in Push to Digitize Global Trade

The four biggest agricultural corporations plan to utilize tech such as blockchain and AI to bring the global grain trade into the digital age.

Archer Daniels Midland Company, Bunge, Cargill, and Louis Dreyfus announced in a joint press release Thursday that they are looking at ways to standardize and digitize international agricultural shipping transactions “for the benefit of the entire industry.”

The firms initially plan to focus on automating grain and oilseed post-trade processes, which are currently largely conducted manually and are a high-cost portion of the supply chain.

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