Block Commodities Information

Block Commodities is a London NEX Exchange listed company with core focus on MAXIMISING VALUE THROUGH BLOCKCHAIN ECOSYSTEMS Leveraging on its current main fertiliser assets and fertiliser trading business, as well as its already established relationships in Africa, Block Commodities is creating a new platform to promote economic growth while creating opportunities and empowering communities. These resources will be linked up through the vertical integration of primary industries down to consumers via a blockchain-based supply chain. Using blockchain’s dynamic structure, Block aims to incorporate all market participants into an efficient ecosystem, facilitating the commercial operation of the agricultural production cycle. The pilot project starts in Uganda in partnership with Wala, the blockchain-enabled financial platform for emerging markets, and Dala. The project will expand to the rest of the sub-Saharan region in due course. To succeed in their objective, Block has established a joint venture partnership with FinComEco, a subsidiary of GMEX Group Limited, and also has acquired a stake in VIPA holdings, one of the leading providers of fertilisers and raw animal feed materials to South Africa's agricultural industry. In reclaiming the value lost in African agricultural and extractive industries through inefficient supply and distribution systems, Block Commodities will help African farmers raise productivity as well as secure better returns for produce. This is an important step in establishing African communities as future significant global agricultural producers. Blockchain will enhance transparency and efficiency in the market, with immense scope for growth. New technologies such as blockchain, together with cryptocurrencies, represent a pivotal opportunity for emerging markets.