Past ICOApr 21, 2018 – Jul 31, 2018
AgriChain supports traditional, well-established agricultural supply chains with a dynamic and seamless software solution. Our product is a simple-to-use, secure, independent platform that connects and transfers information between supply chain participants.
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as a transformatiVe software platform, AgriChain reduces inefficiency and proVides Value to supply chain and market participants.
AgriChain supports traditional, well-established agricultural supply chains with a dynamic and seamless software solution. By enabling one-toone global trade, AgriChain encourages farmers and their supporting businesses to connect with buyers to develop and grow their own supply chains. AgriChain aims to make a positive impact on the global agricultural sector and society as a whole.
With the development of blockchain technology, AgriChain has an innovative digital approach and the required industry knowledge to distribute a greater proportion of value to the farmers and the critical businesses that support them. As more farmers move to home storage and away from bulk handlers, AgriChain can support the needs of the industry. By harnessing blockchain technology, farmers can sell their product directly from their home storage systems to domestic or international buyers in a safe, low-risk environment.
Supported by the expansion of the global produce containerisation market, AgriChain enables farmers to build their own global supply chains and export their commodities directly. AgriChain helps smaller farmers build networks to form farmerowned cooperatives, which is particularly relevant in developing economies. Coupled with AgriChain’s logistics platform and global marketplace, farmers across the world can enjoy the benefits of direct market access.
Supply chain tracking and automation
Combining user-friendly native mobile applications for farming and logistics operations with a powerful web application for business administration, AgriChain provides end-to-end visibility of the agricultural supply chain. AgriChain enables farmers, brokers and logistics companies to transfer data and automate the delivery process, from the paddock to end user.
As each load is picked up and delivered, data is collected and time-stamped at each point along the supply chain. All parties are updated in realtime as each transaction takes place. Through this process, AgriChain improves productivity, increases visibility, controls stock, automates freight orders and eliminates manual paperwork.
Information and data visibility
With AgriChain, users are empowered to make decisions supported by accurate information and market data. By providing visibility of commodity stocks, users know exactly how much product they hold, where it is going, when it is getting there, and what its value is. At every stage of the supply chain, users can be confident that they have the information required to maximise their bottom-line.
As the end-to-end supply chain can be tracked and managed through a single, industry-wide system, buyers and end users also benefit from improvements to data accuracy and completeness. Should contamination or any other product safety issues occur, affected products can be quickly identified and recalled without disrupting the entire supply chain.
AgriChain provides seamless contract solutions between farmers, brokers, buyers and logistics providers. AgriChain’s aim is to provide the best automated software solution for creating commodity contracts and freight contracts
The AgriChain system will enable buyers, sellers and freighters of commodities to interact in a blockchain-backed environment, ensuring both sides of the sale are protected. AgriChain will create the first global marketplace for buying and selling physical agricultural commodities using blockchain technology.
Recordkeeping and proof of origin
As commodities move along the supply chain, proof of origin can be established by creating an immutable blockchain record of the journey from paddock to plate. Key supply chain participants as well as supply chain nodes owned and controlled by each of these entities (such as fields, silos, trucks and delivery locations) are recorded at every stage. AgriChain also records key commodity data including the weights, types, varieties, grades, specifications and inputs. All users get a complete picture of the products they are purchasing, as blockchain allows for a fully transparent and traceable supply chain.
ICO DetailsPre-ICO token supply: 40,000,000
ICO token supply: 1,000,000,000 AGRI
Hard cap: 750,000,000 USD
LegalICO Platform: Ethereum
Country limitations: China, United States, Vietnam
Registration country: Australia
Registration year: 2017
Office address: (ACN 613 275 102) of 10 Elder Entrance, Burleigh Heads in the State of Queensland 4220
Token infoTicker: AGRI
Token standard: ERC-20
Token price in USD: 1 AGRI = 0.075 USD
Accepted currencies: ETH, BTC, XEM
10% - Team (Present and Future)
30% - Commodities Fund
20% - Public Growth Pool
8% - Future Operations
30% - Public Distribution
2% - Social Programs
40% - Platform Development
25% - Growth and Marketing
20% - Business Operations
10% - Research and Prototyping
5% - Contingency
User requirements gathering.
AgriChain begins development of the first software iteration.
AgriChain 1.0 is released to a core group of farmers and grain brokers across the east coast of Australia.
AgriChain wins StartUp House (San Francisco) Battlefield - Best Pitch.
The AgriChain team gathers essential feedback and insights into how growers and logistics companies use the product during harvest.
Leveraging the feedback and lessons learned from AgriChain 1.0, the team begins scoping and designing AgriChain 2.0.
Australias largest group of independent grain brokers (Rise Agri) commit to using AgriChain .
AgriChain receives an Ignite Ideas funding grant from the Queensland Government.
After four months of scoping and design, full-scale development begins for AgriChain 2.0 (web and native mobile apps).
A panel lead by Prince Andrew (Duke of York), selects AgriChain as a finalist at the Queensland Pitch@ Palace competition.
Regional trial partners provide valuable feedback about the user experience throughout harvest.
AgriChain rapidly emerging profile in the agricultural and blockchain industry leads to new opportunities with collaboration partners in Australia, Africa, Europe, and South America.
AgriChain launches an offering event for the AGRI token.
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