Dutch multinational banking and financial services company Rabobank recently announced the settlement of a $12 million intercontinental commodity trade using blockchain technology.
Rabobank and other logistics companies collaborated with the United States-based agricultural behemoth Cargill and agri-commodity trader Argocrop International to manage the trade transaction of wheat from North America to Southeast Asia. They used the Singapore-based blockchain platform called dltledgers for streamlining the process.