GrainChain, a blockchain platform for the agricultural ecosystem businesses, plans to expand its operations by moving to the Symbiont enterprise blockchain platform, Assembly. Assembly provides robust privacy features with the scalability GrainChain believes it needs to satisfy the demands of its existing and future markets.
“Our mission has always been to help support farmers around the world,” comments Luis Macias, Chief Executive and Founder of GrainChain. “By pulling the agriculture supply chain onto blockchain technology, we’re helping every participant in that ecosystem — from farmers to bankers to grain elevators — get fairer value, faster payment and a bigger participant pool. We cannot be constrained by technology — which is why we moved to the Symbiont network. Symbiont is the blockchain engine that will help power our global vision.”
The Grainchain background
Grainchain has established operations in Texas, Honduras and Mexico. It wishes rapidly to extend its value proposition to those countries with agriculturally-based economies which could benefit from better technology.
A key element of this is GrainChain’s use of smart contracts. These provide low-income farmers with faster-to-arrive payments, an often critical dimension for struggling farming businesses.
Enterprise Times has discussed GrainChain previously. In this instance, GrainChain’s technology was relevant to coffee production in Honduras.
Evolving from Hyperledger Fabric
Before this move to Assembly, GrainChain used the Hyperledger Fabric blockchain. But Grainchain has found that it needed to move to a more scalable network with full enterprise-level support. GrainChain requires this for easier global growth. Having moved to the Symbiont network, GrainChain has seen a substantial improvement in:
- platform performance
These features have allowed GrainChain to…