Today it was announced that Glencore Agriculture has joined a blockchain initiative started by four of the world’s largest agribusiness firms. Archer Daniels Midland, Bunge, Cargill, and Louis Dreyfus
launched the consortium last year to modernize their processes with blockchain and artificial intelligence (AI).
Glencore is the most high profile company to join since COFCO in
January. Its agriculture business runs an international network processing products from origination, handling, transport, and processing to marketing. Glencore itself also focuses on mining and commodoties. The firm hopes to digitize its supply chain and commodity trading systems.
“We’ve been interested in the initiative from the very early days and we’re excited now to join as a full partner,” said Glencore Agriculture CEO David Mattiske.
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