GrainChain is a software platform that creates blockchain and internet-of-things (IoT) innovations for the agricultural industry.
GrainChain creates an exchange platform with blockchain-based solutions for prompt payment and accountability.
GrainChain was founded in 2013 by Luis Macias. The company is headquartered in McAllen, Texas.
GrainChain s innovative platform can facilitate prompt payment to suppliers and farmers, and the immediate availability of tradable commodities to buyers.
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.
GrainChain envisions itself as a sort of glue between disparate actors in the agriculture supply chain. It brings farmers, bankers, insurers, exporters and trade associations on a unified blockchain platform where they can validate the movement of crops and commodities, and even make payments through event-triggered smart contracts.
GrainChain is backed by Medici Ventures, Eden Block and others. The company raised $8.2M in a latest round of funding on Mar 06, 2020. This brings GrainChain's total funding to $10.7M to date.