AcreCX offers a digital marketplace backed by smart contracts enabling farmers and buyers to buy and sell commodities at future dates while eliminating transaction risks.
WE ARE UNIQUE
Food security is an urgent issue caused by weak purchasing power, cheap imports and unfair trade practices. In a globalized era, the need for connected alternative markets has never been more critical. We are solving these issues by working directly with farmers, creating sustainable and solvent farming practices.
Driven by UN Sustainable Development Goals, AcreCX offers a blockchain based marketplace empowering small scale farmers and shifting power from global corporations to farm cooperatives ensuring fair trade.
Agricultural products listed on AcreCX are audited by accredited auditors. AcreCX has partnered with TruVito to provide provenance information of agricultural products to ensure products are free from illegal seeds, harmful pesticides and unsafe practices.
Credit risk due to shortfall in members account is mitigated by netting agreements and cash deposits in the form of settlement guarantee fund.
AcreCX offers shipment tracking in real-time. Using Quiver Network always know where your shipment is at any moment.
Different from competition, AcreCX offer the following features.
AcreCX offers connects global markets while remaining true to the core principles of individual control, privacy and security, while retaining liquidity.
Smart contract backed spot and forward contracts
Buy or sell offers with proof of audits
Encrypted negotiation area
AcreCX offers smart contract backed escrow service eliminating transaction risks when entering new markets and dealing with unfamiliar counterparties.
Smart contract safeguards funds pending completion of underlying transaction
All sales are backed by smart contracts on blockchain
Counterparties sign by entering into agreements
We specialize in offering these services.
An offer is a public advertisement to buy or sell agricultural commodities. Any user can submit an offer to the platform for others to find.
Every buyer and seller account has a public and private key enabling secure and confidential transactions.
End‐to‐end encrypted conversation between the buyer and seller
Access provenance reports of agricultural commodities listed in the marketplace.
AcreCX uses a deterministic algorithm to generate addresses so that buyers and sellers have virtually infinite number of wallets.
In case of disputes, buyer or seller can disclose their shared key to an escrow agent to decrypt trade and negotiation details.