How they describe themselves: Full Profile develops solutions to real world problems in the agri-sector that bring transparency, efficiency, and trust to farmers and the post-farmgate ecosystem. In addition to our AgriDigital agri-blockchain and commodity management software solutions, Full Profile is exploring opportunities such as novel grower financing, simple on-farm contract management, and solutions for the livestock, wool, rice, cotton and horticultural industries.
How they describe their product/innovation: AgriDigital brings efficiency to agricultural commodity supply chain transactions. Our agri-blockchains and smart contracts help growers get paid immediately, save buyers time and money, de-risk financing for banks, and enable paddock to plate transparency for consumers. We are rolling out a pilot in the Australian grains sector in 2016 which will demonstrate real-time payment on title transfer of the grain between grower and buyer, and live position and mark to market reporting for inventory finance providers. Other parties with a claim on the proceeds, such as levy collecting agencies, end point royalty collectors, or logistics providers, can be paid simultaneously and securely, and users can access provenance data.
Product distribution strategy: Direct to Business (B2B), through financial institutions