Medici Ventures purchases stake in agricultural blockchain project GrainChain

Medici Ventures purchases stake in agricultural blockchain project GrainChain

Overstock.com Inc. owned Medici Ventures purchased equity worth  $2.5 million of project GrainChain, which gives them 10% ownership. GrainChain created a blockchain system which enables supply chain tracking, smart contracts, and financial settlement. Four largest agriculture companies, commonly known as ABCD, partnered to digitize international grain trading by using blockchain and artificial intelligence (AI).

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