| Developers: | Cerealia |
| Date of the premiere of the system: | November, 2020. |
| Branches: | Agriculture and fishery, Trade |
Content |
2020: The announcement of Cerealia - a blockchain platform for trade in grain
In November, 2020 start of a blockchain platform for trade in Cerealia grain was announced. It was developed and brought to the commercial market by the Swiss company of the same name.
The solution was tested within two years. Now it is put into full operation. At the first stage Cerealia it will be used for trade in grain in the countries of the Black Sea basin, including Russia, Ukraine, Turkey and Bulgaria and also in the Mediterranean (Egypt, Tunisia and Lebanon).
 | Traders can be sure for 100% of a product in which they trade, in comparison with traditional telephone negotiations now. Cerealia allows to sign instantly digital contracts and provides record of all information in a blockchain — the CEO of Cerealia Andrey Grigorov whose words are cited in the press release said. |  |
It is expected that efficiency of operations on trade in grain considerably will improve due to replacement of the existing method of use of documents and faxes by a blockchain. The technology is designed to increase and transparency of transactions with agricultural products and also to cut down the expenses connected with it.
Through the platform trade of different grain crops, such as wheat, corn, barley and vegetable oil is performed. According to own data of Cerealia, for the first weeks after start of a blockchain platform the volume of transactions in it exceeded 20 thousand tons.
According to the Ledger Insights edition, Russia and Ukraine — the main producers of wheat. According to the British Council on development of agriculture and gardening (AHDB), in a season these 2019/20 two countries will produce 112.5 million tons of grain at the predicted world level in 763.4 million tons. So it is about 15% of the market. At the same time the lion share of export of wheat is the share of the Russian Federation and Ukraine.[1]
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