Rice Exchange
Rice Exchange is a digital blockchain-enabled rice trading platform bringing transparency, liquidity, security and improved access to the $450 billion rice market.
Rice Exchange's state of the art blockchain infrastructure enables automation of otherwise hugely cumbersome, human-error prone and time consuming paperwork and processes. In trading, time really is money, and Rice Exchange cuts down on administrative management time. The inherent consensus-driven trust and safety mechanisms on the blockchain platform, combined with independent validation of all parties and 100% visibility of all steps through a permanent audit trail, deliver an unprecedented level of transparency to the rice market.
All stakeholders - buyers, sellers, banks, insurers, shippers, warehousing and inspection services - benefit significantly, as once old bottlenecks are removed, the market will expand and speed up significantly, safely delivering higher volumes of business at greater margin.
Location: Singapore