Few words about our product
Exports of crops from the southern ports of Russia have increased to 43 million tons, which amounts to 9 billion dollars.
Russian domestic market (processors) has reached 60 million tons, which amounts to another 14 billion dollars.
Russia is the world’s leader in crops exports but it lacks a decentralised trading platform for agricultural products with the help of exchange-traded instruments.
The purpose of our project is finding a solution to this issue with the help of the introduction of additional security guarantees that are offered by the blockchain technology.
We will be the first pilot project in Russia, which will form great volumes of crops on its platform and trade on the komgo SA European platform, developed with the support of BNP Paribas, Société Générale, Mercurial, Gunvor, Natixis, Citi, ABN AMRO, Shell, ING, Koch Supply & Trading, MUFG Bank, SGS, Rabobank and Crédit Agricole Group in the jurisdiction of Geneva.
Our product for trading exchange commodities, in particular, agriculture was created by a team that has over 18 years of practical experience.
European banks and big international companies have participated in its development and have already made transactions using an open blockchain platform.
We think that this direction is very promising. And our team has already achieved great success in it.