Covantis is a blockchain powered startup founded by the world’s biggest agribusiness providers. It went live in 2021 targeting post trade for agribusiness. Now it plans to launch an electronic bill of lading (eBL) solution for its users, through a partnership with SECRO which has a DLT based eBL offering.
Covantis’ backers include ADM, Bunge, Cargill, COFCO Corporation, Louis Dreyfus Company, Marubeni and Viterra (formerly Glencore Agriculture).
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