Blockchain technologiesAgridigital uses blockchain technologies. In December 2016, the company completed the world’s first sale of a physical agri-commodity on a blockchain between a farmer and a buyer. Australian farmer David Whillock sold a truck load of wheat to Fletcher International Exports in Dubbo, New South Wales.Matching delivery to paymentThrough pilots, Agridigital has shown the ability to eliminate counterparty risk by running commodity transactions on a blockchain. The aim is to allow the supply chain to operate with more confidence. Farmers are assured they continue to own their commodity right up until the moment they are paid.“Solving the problem of matching delivery to payment is enormous for removing counterparty risk along supply chains”, explains Weston.Blockchain technology can also make financing more readily available, by embedding trust into the system, as well as providing immediacy, live position and market-to-market reporting for financiers to access.