BRINGING TRUST AND TRANSPARENCY TO AGRICULTURE · 2018. 1. 24. · AGRIDIGITAL CASE STUDY. AgriDigital . develops software and financial solutions that bring transparency, efficiency,

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BRINGING TRUST AND TRANSPARENCY TO AGRICULTURE


BEYOND PROOF OF CONCEPT

A BLOCKCHAIN ENABLED GLOBAL AGRICULTURAL

SUPPLY CHAIN

Emma Weston, CEO & Co Founder


AGENDA

1. Proof of concept vs Pilot2. Blockchain PoC Landscape3. Commercialisation Challenges4. Case Study: AgriDigital & the Global Agricultural Supply Chain


PILOT

“prove the feasibility of a solution, or the feasibility of a critical aspect of a solution”

-vs-

PROOF OF CONCEPT

“an experimental trial usually on a small scale to help an organisation understand how a large scale

implementation might work”


BLOCKCHAIN PoC LANDSCAPE

Commodity Management

Trade Finance Provenance

Supplier Consumer


COMMERCIALISATION CHALLENGES

• Technology convergence, egIoT

• Digital currency• The role of incumbents• Critical mass to achieve

network benefits• Consumer adoption and

understanding

• Uncertainty• Tech• Regulatory

• Emergence of new standards and governance models

• Identity (of people and things)• Security• Privacy• Scalability• Interoperabiility


AGRIDIGITAL CASE STUDY

AgriDigital develops software and financial solutions that bring transparency, efficiency, and trust to the agri-commodity supply

chain, so all participants can act with confidence.



THE SUPPLY CHAIN


THE SUPPLY CHAIN


THE SUPPLY CHAIN

INSOLVENCY


THE SUPPLY CHAIN

INSOLVENCY

LACK OF TRANSPARENCY


THE SUPPLY CHAIN

INSOLVENCY


FINANCIAL RISK


THE SUPPLY CHAIN

INSOLVENCY


FINANCIAL RISK

FRAUD


INSOLVENCY


FINANCIAL RISK

FRAUD

COUNTERFEIT GOODS

THE SUPPLY CHAIN


FARMERSdon’t get paid for what they deliver when they deliver

BUYERScannot get the financing

they need to pay the seller on delivery

CONSUMERSdon’t know where

their food comes from

THREE BIG PROBLEMS


$9BAUSTRALIAN

GRAINS INDUSTRY

$40BAUSTRALIAN

AGRICULTURE

$6TGLOBAL

AGRICULTURE

$1BAUSTRALIAN GRAINS INDUSTRY

SUPPLY CHAIN RISK, INEFFICIENCY & INSOLVENCY

$40BGLOBAL FOOD

FRAUD

$?BGLOBAL SUPPLY CHAIN

FINANCE FRAUD

NOT INSIGNIFICANT PROBLEMS


Agri-supply chain participants should be able to buy and sell with confidence

Financiers should have live, accurate and verifiable asset valuations

Buyers and consumers should know and be able to verify the provenance

of the commodity

WE CAN DO BETTER


• Farmers, buyers and storage providers can all operate and interact on the same cloud hosted platform

• Designed for global grains markets

• Same day payments,live asset valuation and transaction reporting

• Provenance recording

THE AGRIDIGITAL SOLUTION: TODAY


BLOCKCHAIN PILOT

OCT 15Founded

JAN 16Accepted to

Stone & Chalk

APR 16Release Full Profile

Broker MVP

MAY 16Win Westpac BlockHack16

JUN 16Win Blockchain

Summit Startup Pitch

SEP 16Demo at Finovate

Fall, New York

OCT 16Release AgriDigital

for Buyers, Site Operators & Farmers

DEC 16AgriDigital

Blockchain Pilot


First global live and in-market settlement

on blockchain

Participation by buyer and farmers

Same day payment on title transfer

Collection and remittance of levies and EPRs

Introducing provenance recording


• More is more• PoCs• Parties per Use Case• The role of consortia

• Broader market familiarity with blockchain• Well tested use cases in PoC moving quickly to pilot

with timelines for scaling• Suitable markets for testing and scaling• Engagement to address uncertainties; eg regulators, • A few key winners!

MOVING BEYOND PROOF OF CONCEPT


D I S C L A I M E R

T h e m a t e r i a l i n t h i s p r e s e n t a t i o n h a s b e e n p r e p a r e d b y F u l l P r o f i l e P t y L t d A B N 1 3 6 0 8 1 2 5 5 9 7 ( F u l l P r o f i l e ) a n d i s g e n e r a l b a c k g r o u n d i n f o r m a t i o n a b o u t F u l l P r o f i l e ’ s a c t i v i t i e s c u r r e n t a s a t t h e d a t e o f t h i s p r e s e n t a t i o n . T h i s i n f o r m a t i o n i s g i v e n i n s u m m a r y f o r m a n d d o e s n o t p u r p o r t t o b e c o m p l e t e .

I n f o r m a t i o n i n t h i s p r e s e n t a t i o n , i n c l u d i n g f o r e c a s t f i n a n c i a l i n f o r m a t i o n , s h o u l d n o t b e c o n s i d e r e d a s a d v i c e o r a r e c o m m e n d a t i o n t o i n v e s t o r s o r p o t e n t i a l i n v e s t o r s i n r e l a t i o n t o h o l d i n g , p u r c h a s i n g o r s e l l i n g s e c u r i t i e s o r o t h e r f i n a n c i a l p r o d u c t s o r i n s t r u m e n t s a n d d o e s n o t t a k e i n t o a c c o u n t y o u r p a r t i c u l a r i n v e s t m e n t o b j e c t i v e s , f i n a n c i a l s i t u a t i o n o r n e e d s . B e f o r e a c t i n g o n a n y i n f o r m a t i o n y o u s h o u l d c o n s i d e r t h e a p p r o p r i a t e n e s s o f t h e i n f o r m a t i o n h a v i n g r e g a r d t o t h e s e m a t t e r s , a n y r e l e v a n t o f f e r d o c u m e n t a n d i n p a r t i c u l a r , y o u s h o u l d s e e k i n d e p e n d e n t f i n a n c i a l a d v i c e . A l l s e c u r i t i e s a n d f i n a n c i a l p r o d u c t o r i n s t r u m e n t t r a n s a c t i o n s i n v o l v e r i s k s , w h i c h i n c l u d e ( a m o n g o t h e r s ) t h e r i s k o f a d v e r s e o r u n a n t i c i p a t e d m a r k e t , f i n a n c i a l o r p o l i t i c a l d e v e l o p m e n t s a n d , i n i n t e r n a t i o n a l t r a n s a c t i o n s , c u r r e n c y r i s k .

T h i s p r e s e n t a t i o n m a y c o n t a i n f o r w a r d l o o k i n g s t a t e m e n t s i n c l u d i n g s t a t e m e n t s r e g a r d i n g o u r i n t e n t , b e l i e f o r c u r r e n t e x p e c t a t i o n s w i t h r e s p e c t t o F u l l P r o f i l e ’ s b u s i n e s s e s a n d o p e r a t i o n s , m a r k e t c o n d i t i o n s , r e s u l t s o f o p e r a t i o n a n d f i n a n c i a l c o n d i t i o n , c a p i t a l a d e q u a c y , s p e c i f i c p r o v i s i o n s a n d r i s k m a n a g e m e n t p r a c t i c e s . R e a d e r s a r e c a u t i o n e d n o t t o p l a c e u n d u e r e l i a n c e o n t h e s e f o r w a r d l o o k i n g s t a t e m e n t s . F u l l P r o f i l e d o e s n o t u n d e r t a k e a n y o b l i g a t i o n t o p u b l i c l y r e l e a s e t h e r e s u l t o f a n y r e v i s i o n s t o t h e s e f o r w a r d l o o k i n g s t a t e m e n t s t o r e f l e c t e v e n t s o r c i r c u m s t a n c e s a f t e r t h e d a t e h e r e o f t o r e f l e c t t h e o c c u r r e n c e o f u n a n t i c i p a t e d e v e n t s . W h i l e d u e c a r e h a s b e e n u s e d i n t h e p r e p a r a t i o n o f f o r e c a s t i n f o r m a t i o n , a c t u a l r e s u l t s m a y v a r y i n a m a t e r i a l l y p o s i t i v e o r n e g a t i v e m a n n e r . F o r e c a s t s a n d h y p o t h e t i c a l e x a m p l e s a r e s u b j e c t t o u n c e r t a i n t y a n d c o n t i n g e n c i e s o u t s i d e F u l l P r o f i l e ’ s c o n t r o l . P a s t p e r f o r m a n c e i s n o t a r e l i a b l e i n d i c a t i o n o f f u t u r e p e r f o r m a n c e .

A g r i D i g i t a l i s a b u s i n e s s n a m e a n d d o m a i n o w n e d b y F u l l P r o f i l e .

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BRINGING TRUST AND TRANSPARENCY TO AGRICULTURE · 2018. 1. 24. · AGRIDIGITAL CASE STUDY. AgriDigital . develops software and financial solutions that bring transparency, efficiency,