Blockchain and Distributed Ledger Technology platform speeds up global trade at Singapore’s Rice Exchange, enabling an end-to-end trade completed in as little as six minutes
"Fujitsu enables us to remove the many barriers that have prevented transparent, low-risk trading in rice."
Transforming the $450 billion rice market
Rice Exchange (Ricex) is the first digital platform designed for buying and selling rice. The platform enables buyers, sellers and service providers to easily find each other in a digital environment. It allows users to efficiently conduct trades and arrange insurance, inspection and settlement with the assurance of seamless integration and verifiable data.
Ricex needed a blockchain technology and cloud partner to take its test product to a global market.
- FUJITSU Blockchain Innovation Center (BIC)
- FUJITSU Blockchain and Distributed Ledger Technology (DLT)