Agridek performs the first contract on the chain farms on the salt salt

Agridek indicated the first transaction on the chain farms on the Solan Network was successfully completed.

The agreement consists of a total land purchase of 165,000 USD in Zambia. The purchase immediately settled on one cost using Agridek’s digital settlement system. Agridek is Solana (Salt) – The platform that is located focus on the actual property with a focus on the global agricultural industry.

Payment was transferred from the customer to sustainable agricultural development in Mauritius. This is the right example of how hi It can facilitate cross-border transactions, making great exchanges cheaper and faster.

For comparison, standard bank transfers may take several working days to finish and at a large price. Using Solanen’s infrastructure, known for quick processing and low costs, Agridek offers an alternative model to facilitate trade in agriculture.

“For the first time, the contracting installation traded and settled on the Blockcain,” said Henry Duckworth, co-founder and the CEO of Agridek. “This sets precedent to improve the way of exchanging and funded agricultural real estate.”

2.7 of Trillion dollars industry

Agridek says preparing for the processing of additional 2.6 million dollars in persuades in the coming weeks. The company also claims that using its platform, partners collectively save over $ 40 million per year in transaction costs – money that can be redirected according to operations and growth.

This latest trade is built on previous Agridex transactions that include goods such as olive oil, wine, coffee and cattle. The aim of the platform is a reduction in inefficiencies that continue to influence the agricultural sector for $ 2.7 trillion, including a slow settlement, large fees and complex banking processes.

Midiaries and enabling faster access to capital, Agridek claims that Blockckain could play a broader role in improving how agricultural companies act over borders.