Alipay operator Ant Financial has partnered with pharmaceutical giant Bayer (DE:BAYGN) Crop Science, Monsanto’s owner, to develop a blockchain solution for the food and crop industry.
Enterprise blockchain news outlet Ledger Insights reported on the partnership on Sept. 26, also noting that the two firms signed a letter of intent to develop their solution to increase traceability and transparency. Per the report, the initiative was announced at this week’s Apsara Conference in Hangzhou, China.