Blockchain Agribusiness Initiative Backed By ConsenSys Officially Established
Covantis, a blockchain agribusiness initiative backed by major industry company ConsenSys, has taken another step towards transforming global trade and supply chain operations. Backed by global agribusiness giants like Cargill and Bunge, Covantis has been officially established as a legal entity in Geneva after receiving all necessary regulatory approval. According to a March 31 announcement, the company is the joint initiative of six founding members: Archer Daniels Midland