CBH and AgriDigital pilot agri-blockchains for grain handling

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In Australia, the CBH Group is partnering with AgriDigital to explore the potential for blockchain and distributed ledger technology in the agricultural industry; in this instance, grains handling. AgriDigital, a Sydney-based agtech startup specializing in blockchain technologies, will work cooperatively with CBH in a pilot that goes live this month in Bordertown, South Australia at oats processor Blue Lake Milling, a wholly-owned subsidiary of CBH.

One of the first of its kind globally, the pilot will run using AgriDigital’s agri-blockchains and smart contract library. The objectives are to prove the application of blockchain in providing full supply chain traceability and executing the settlement of commodities on a blockchain by matching title transfer to payment in a single transaction.

CBH Group Chief Executive Officer Dr. Andrew Crane said the pilot was one of the first projects to be undertaken as the co-operative explores the possibilities of emerging technology across the business.