Block Commodities launches Ecosystem Pilot Project in
Block Commodities Limited (NEX: BLCC), the innovative commodity trader operating in
Pure Grow shares Block Commodities' values of providing high quality products at fair prices with transparency, and a mission to empower communities with modern technologies for improved agri-business and agro-value chain development.
The two parties will also establish a strategy to maximise the project's results, including:
Pure Grow is an innovative farm supporter in
Through the agreement, Pure Grow will initially introduce approximately 1,000 farmers and buyers to the Pilot Ecosystem. Block Commodities will implement and support the Ecosystem by providing finance and fertiliser products, as well as supplying the technology. It will coordinate loans in cryptocurrencies (Dala token) for the selected team of farmers from Pure Grow
The aim of the loans is to provide farmers with funds to purchase fertilisers at affordable rates and better repayment terms, allowing them to increase production and scale up from a subsistence to commercial level.
Chris Cleverly, Executive Chairman at Block Commodities commented: "I am delighted to partner with Pure Grow
Bobby Juuko Kimbugwe, Director at Pure Grow
Upon successful completion of the Pilot phase,
About Block Commodities
Block Commodities' strategy is to maximise the value of African agricultural and other commodities through the deployment of blockchain technology. The resources will be linked through the vertical integration of primary industries down to consumers via blockchain platforms. Using blockchain's ability to dynamically incorporate all market participants into an efficient ecosystem, Block Commodities aims to facilitate the commercial operation of such ecosystems in the context of the agricultural production cycle.
In reclaiming the value lost in African agricultural and extractive industries through inefficient supply and distribution systems, Block Commodities aims to help sub-Saharan African farmers raise productivity and secure better returns for their produce. This is an important step in establishing African communities as significant future global agricultural producers.
For more information visit: http://www.blockcommodities.com
About Pure Grow
Established in 2015 in
Their products include grains, beans, flour, fertilisers, organic fruits and vegetables. Pure Grow works closely with farmers based all across
For more information visit http://www.puregrowafrica.com/
The Directors of the Company accept responsibility for the content of this announcement.
For further information, please contact:
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