GAEX team has successfully secured the right to build the first block chain based commodity exchange on the continent. The private beta will be conducted over a 24-month period and test all facets of its platform for development.
Due to its ability to provide an auditable ledger, Blockchain technology has the potential to create a more consistent and transparent real-time view of the agricultural industry in Africa. Improved transparency is a key element in solving some of the significant problems in the agricultural industry in West Africa. For example, it may enable a better forecast of the supply/demand of commodities and potentially provide data necessary to support investor confidence and attract foreign investment. GAEX believes the potential for Blockchain in Africa is massive, particularly as it relates to agriculture and other industries begging for the transparency that exists in the digital age. The private beta moves GAEX into a new phase as its sets its course to be a transformative player in the industry. About GAEX (www.gaex.co) The GAEX innovative blockchain trading platform harnesses the power of the latest technology to eliminate the logistical cocoa failure by creating a one-click end-to-end commodities solution. This creates auditable due-diligence documentation available in real-time via public & private blockchain ledgers. Our mobile platform connects carefully curated cacao sellers, farmers and co-ops, with global buyers on exchanges to conduct secure transactions with greater speed and assurance. For more information please visit www.gaex.co or email [email protected].