China and US Concluded First Blockchain Commodity Deal

Shandong Bohi Industry from China sold  soybeans to the American Louis Dreyfus via blockchain
23 January 2018   408

The Chinese company Shandong Bohi Industry for the first time used the Easy Trading Connect (ETC) blockchain-platform to sell soybeans to the American agricultural enterprise Louis Dreyfus. This is reported by Business Insider.

The deal was also attended by the banks of ING, Societe Generale and ABN Amro. The supply of soybeans from the United States to China has become "the first complete commodity transaction in the field of agriculture using a blockchain-based platform."

Distributed ledger technologies have been evolving rapidly, bringing more efficiency and security to our transactions, and immense expected benefits for our customers and everyone along the supply chain as a result.

Gonzalo Ramírez Martiarena 

CEO of Louis Dreyfus Company

It is worth noting that the ETC platform greatly simplifies and accelerates trading operations. In particular, it digitizes documents, such as purchase and sale agreements, letters of credit, and reduces the need for legal support for the transaction. According to the group of developers, the technology allowed to speed up the conducted transactions five times.

Texas to host BitBlockBoom conference

Bitcoin, blockchain and cryptocurrency conference BitBlockBoom will be held on July 14 - 15 to discuss the disruptive technology
19 May 2018   46

Bitcoin, blockchain and cryptocurrency professionals are going to convene in Irving, TX on July 14 through July 15. Brightest minds in crypto will be talking about the true meaning of Bitcoin, the promise of a distributed ledgers, and the potential of decentralization. First wave of speakers are as follows:

The conference will be held at the Study USA. Here is what the event says about itself:

Invest in yourself. Learning about cryptocurrency today is like learning HTML in the 1990s. With the proper training you can have a career spanning decades. With the proper knowledge you can avoid scams and discover opportunities to prosper in this new industry.

The event is sponsored by Crypto Unicorn Money. To learn more about the event, you can visit the official page here.