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FX.co ★ Blockchain startups booming

Blockchain startups booming

Blockchain startups booming

Blockchain technology has been of high interest to market participants lately. Experts at popular online magazine ForkLog highlighted the most promising blockchain-related startups. The first one is Farmer Connect, a Swiss agritech startup that specializes in developing new tech solutions in agriculture. Its vision is to “humanize consumption through technology.” The startup managed to raise $9 million in investment for implementing its innovative products. Farmer Connect plans to gain profit from the demand for inclusive and efficient agriculture supply chains. The company believes that this will benefit both farmers and consumers. Singapore-based #dltledgers, a blockchain platform for digitizing cross-border trade and supply chains, has secured $7 million for further development. The startup will use the funds to scale and expand its current projects. Meanwhile, French retailer Carrefour is ready to test blockchain technology to track the supply of citrus fruits. The tracking technology will allow customers to see detailed information on oranges, limes, and tangerines with the Sabor&Qualidade label. They can track these products at any stage, from the date of harvest to shelf life and arrival at stores. Italian coffee producer Massimo Zanetti Beverage Group will introduce blockchain technology to trace the supply of its new coffee brand Segafredo Storia. From April 2021, customers in 11 European countries will be able to track the full process of coffee production, from the harvest of raw beans to their supply to stores and coffee shops. The Institutes RiskStream Collaborative, a blockchain consortium of 31 risk management and insurance companies, has launched Canopy which is a massive update to its Corda platform. This update aims at increasing the operating speed and streamlining the production of blockchain-based apps.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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