MCALLEN, Texas, April 28, 2020 /PRNewswire/ -- GrainChain, a
software platform that creates blockchain and internet-of-things
(IoT) innovations for the agricultural industry, announces it has
been honored as one of 18 finalists of Fast Company's 2020 World
Changing Ideas Awards in the Food category. The awards recognize
the businesses, policies, projects and concepts that are actively
engaged and deeply committed to flattening the curve when it comes
to the climate crisis, social injustice or economic inequality.
"We believe that technology tools can build agricultural
industries and help improve conditions for farmers around the
world," said Luis Macias, CEO of
GrainChain. "Our blockchain and IoT products give farmers, shippers
and buyers a single, reliable platform that encourages reinvestment
and improves quality across the entire supply chain."
Through its suite of blockchain-based and IoT products,
GrainChain gives farmers access to their commodities via mobile
apps, enabling them to see their inventory in real-time and giving
them the ability to make decisions on the field. GrainChain's
platform includes a digital wallet, enabling remote and unbanked
farmers to apply for loans to bring their farms and crops up to
higher standards. GrainChain's unchangeable smart contracts further
improve traceability and operational logistics for vendors and
buyers.
"There seems no better time to recognize organizations that are
using their ingenuity, resources, and, in some cases, their scale
to tackle society's biggest problems," says Stephanie Mehta, editor-in-chief of Fast
Company. "Our journalists, under the leadership of senior editor
Morgan Clendaniel, have uncovered
some of the smartest and most inspiring projects of the year."
Now in its fourth year, the World Changing Ideas Awards showcase
26 winners, more than 200 finalists, and more than 500 honorable
mentions — with Health and Wellness, Corporate Social
Responsibility, and AI and Data among the most popular categories.
A panel of eminent judges selected winners and finalists from a
pool of more than 3,000 entries across transportation, education,
food, politics, technology and more. The 2020 awards feature
entries from across the globe, from Vancouver to Singapore to Tel
Aviv.
For more information about GrainChain's suite of blockchain and
IoT agricultural solutions, visit the company website or
connect with the team on Twitter, Facebook, LinkedIn
and Instagram. GrainChain is a keiretsu company
of Medici Ventures, the blockchain subsidiary
of Overstock.com, Inc. (NASDAQ:OSTK).
About GrainChain
GrainChain's innovative platform
using blockchain, IoT and advanced logistics systems expedites
agricultural settlement payments to farmers and suppliers while
providing the immediate availability of tradable commodities to
buyers.
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SOURCE GrainChain