💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Chinese Agriculture Startup Raises $58M for Blockchain Food Quality Control Platform

Published 08/06/2018, 01:42 AM
Updated 08/06/2018, 03:01 AM
 Chinese Agriculture Startup Raises $58M for Blockchain Food Quality Control Platform

Chinese agricultural startup Wangjiahuan has closed a $58 million (RMB400 million)

Series A round of funding led by Global Logistic Properties, a Singapore-based logistics solution provider to develop a blockchain-enabled food quality control platform, reported Deal Street Asia.

In addition, Wangjiahuan will use the funds to build a big data cloud platform that will analyze and collect information to advance logistics and cultivate the company's operations all-over China by establishing warehouse centers using distributed ledger technology (DLT).

“The investment to Wangjiahuan is an important investment for GLP as it helps us to integrate the resources of our food and even logistics portfolio companies to help upgrade and complete the foodservice industry," GLP chief investment officer and Hidden Hill chairman Dong Fanghao was qu...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.