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Green Earth Trading Introduces A Tezos-based Supply Chain Solution That Traces Products From Producer To Customer

Green Earth Trading introduces a supply chain solution built on Tezos to prove the origin of products.
This solution should be affordable for farmers and producers of any scale, including the smallest and most marginalized.

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Green Earth Trading

Green Earth Trading is a company that aims to promote sustainable practices, reduce carbon emissions and increase supply chain efficiency through the use of blockchain technology.

They are based in Tallinn, Estonia, with operations in Ghana and they are looking to expand into Sub-Saharan Africa and India

Blockchain technology has the potential to revolutionize supply chains by increasing transparency, improving efficiency, and reducing costs.

Blockchain technology enables the creation of a distributed ledger that provides a tamper-proof and transparent record of all transactions in the supply chain helping to increase transparency, traceability, and accountability across the entire supply chain, from raw materials to finished products.

Green Earth Trading provides sustainability services, such as traceability and certification for sustainable products.

Green Earth Trading has introduced a supply chain solution built on Tezos to prove the origin of products.

“We are pleased to announce that after 4 months of intense development and support from the Tezos Foundation with a grant, the Green Earth Trading (GET) project is taking a first important step.

The GET team delivered a proof of concept (POC) that a bi-directional traceability solution for commodities can be run on Tezos. The project aims to bring transparency around the sustainability of commodities.”


The proof of concept is open source and the repository can be found here on Gitlab. 

It delivers:

1. Publicly documented contracts and protocol;
2. A traceability system for commodities; and
3. A traceability system for corresponding financial movements (using stable coins).

This solution should be affordable for farmers and producers of any scale, including the smallest and most marginalized.

It can be hard for companies of small size and capital to acquire certificates of origin for their products.

The company has developed a proof of concept that includes a traceability system for commodities and a traceability system for corresponding financial transactions using stablecoins.

Green Earth Trading aims to develop a system to prove the sustainability of commodities.

The scope of the project is to build a scalable and reliable technology that will be used for tracking the origin of various commodities. Green Earth Trading is currently working on palm and maize producers in Ghana.

Once the project is implemented, the plan is to extend the scope from the region in Ghana to Sub-Saharan Africa and India.

In the future, the aim is to extend the technology to commodities like coconut, shea nut, cacao, coffee etc.

Green Earth Trading has received a grant from the Tezos Foundation for the development of its proof of concept.

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

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