Agrocorp International Blockchain Loans to Revolutionize Agri-Finance

Indian agri-warehouse giant, Agrocorp International, is putting its $2 billion in grain-backed loans on a blockchain-based platform. The move aims to increase efficiency and reduce costs associated with traditional lending methods.

The company has partnered with a leading fintech firm to develop the blockchain system, which will enable real-time tracking of loan transactions and collateral management.

According to Agrocorp International's CEO, Suresh Srinivasan, this initiative will 'revolutionize' the way agri-businesses access finance.