Kazakhstan wants to switch grain trading to Blockchain
Transfer of grain trade to blockchain technology in Kazakhstan was planned last month, but in practice it turned out that the introduction of the new technology involves a number of technical features that promise to be solved in the near future and start the system in the next month.
Kazakh farmers will not directly touch upon innovation. They will continue to trade grain through electronic receipts, as before. But now all transactions with grain will be even more transparent. The transparency of agricultural receipts will also increase. This should increase the level of confidence on the part of insurance companies, which in turn will lead to the industry of new creditors and investors. The task of this whole chain of relationships is to make the industry more attractive for long and inexpensive money.