Sugar Traders Follow Agri Giants in Seeking Blockchain Fix
- Group to work towards a joint solution, including a platform
- Blockchain working group to be led by some industry veterans
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Sugar traders are following the world’s top agricultural merchants in looking at using blockchain technology to help streamline trading and shipping transactions.
In a meeting called by Jamal Al Ghurair, part of one of Dubai’s richest families and managing director of refining giant Al Khaleej Sugar, stakeholders agreed to study solutions for the sugar industry, including a digital platform. About 50 people attended the gathering, including bankers from ABN Amro Bank NV and Societe Generale SA, as well as blockchain startup incubator ConsenSys.