Global Agricultural Exchange inks major partnership in Ivorian Economic Embassy

Blockchain based GAEX platform looks to revolutionize African agricultural industry

New York, NY, August 1, 2017:  The Global Agricultural Exchange or GAEX Pronounced guy-ex, (www.gaex.co) is an innovative commodity trading platform that looks to harness the power of Blockchain technology. Working out of Abidjan and New York City, the fintech platform will focus on providing liquidity to farmers and to commodity buyers around the globe by providing an easy, transparent, digital solution to transact.

Today, GAEX and Union des Societes et Cooperatives Anouanze de Cote d'Ivoire (USACI) of Abidjan entered into a Memorandum of Understanding to supply cocoa and coffee for 2017-2018 campaigns. The agreement supports 25 cooperatives across multiple regions in Cote d’ Ivoire. The MOU was signed at the Cote d'Ivoire Economic Promotion Services headquarters in Manhattan, NY under the leadership of Mr. Inza CAMARA, Delegate General of SPECI-Service de Promotion Economique de Cote d'Ivoire, and his team.

“We are extremely excited about what the platform will do for all members of the value chain today and going forward.” Neil Gordon CEO GAEX

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 info@gaex.co .

 

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