Australian blockchain firm AgriChain has received an investment of A$6 million ($4 million) from Sydney-based Cornerstone Growth Capital. AgriChain is a blockchain supply chain management platform for agricultural products, which connects growers, brokers, and logistics partners.
Australia is a major agricultural producer and exporter. Total production in agriculture was A$60 billion ($40 billion) in 2018–19, with the largest contributions coming from horticulture (A$11.6 billion), cattle (A$11.3 billion) and wheat (A$6.2 billion).
The AgriChain software aims to provide end-to-end visibility of the agricultural supply chain. It automates the delivery process, tracking the transport of produce from the farm to the end-user. The platform offers real-time data for each stakeholder within the supply chain, enabling transparency.
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