Innovations

GrainChain and Mastercard launch blockchain food traceability platform

Photo credit: GrainChain

Agricultural blockchain firm GrainChain has announced a partnership with credit card and finance company Mastercard to create digital records of commodity data throughout supply chains in the U.S., Mexico, and Central America.

According to a joint news release,  the partnership “will deliver end-to-end visibility throughout the supply chain, allowing participants to forensically track commodities, from the initial inputs and raw materials to harvesting and processing and logistics and delivery to the consumer’s hands”.

“We’re leveling the playing field for the hard-working producers in North America and Latin America, giving them much more power and control over the process of producing and selling,” says Luis Macias, CEO and founder of GrainChain. “Small suppliers in countries around the world suffer from a lack of reliable real-time information and deserve transparency, accountability and profitability with streamlined global trade.  Through our new partnership with Mastercard, we are providing an unparalleled level of efficiency, reliability, transparency, and security to the entire commodity supply chain.”

Link to news release

Macias discussed the announcement in this interview with Brownfield.

AUDIO: Luis Macias

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