LandX Finance and Dominion Blockchain Solutions Ltd. have announced a strategic partnership to revolutionize grain inventory financing. The collaboration aims to advance the decentralized finance landscape significantly, with LandX Credit Gateway leading the way in pioneering decentralized lending. This blockchain-based platform facilitates peer-to-pool loans through secure and transparent smart contracts on public blockchains.
The partnership between LandX and Dominion Blockchain Solutions Ltd. will introduce an innovative financing model for farmers, allowing Dominion to source funds through the LandX Credit Gateway to provide timely payments to grain growers. This model accelerates the payment process for farmers while offering attractive investment opportunities for investors in the crypto ecosystem. The system works by leveraging the LandX Credit Gateway platform to obtain USDC denominated loans, secured by inventories of grain and used to finance various activities in the agricultural industry.
Dominion Blockchain Solutions Ltd.’s Grain Intelligence division provides a digital solution that tracks grain-related data from the farm field to the processor using blockchain technology. This solution ensures full traceability, which can be utilized for carbon credits, sustainability initiatives, and other valuable applications in the food chain. North West Terminal, a key player in the industry, pays for the grain on deferred terms, allowing for efficient fund sourcing through LandX Credit Gateway to be delivered to growers once payment is received.
The partnership between LandX Finance and Dominion Blockchain Solutions Ltd. reflects their commitment to driving innovation in the DeFi space. By leveraging advanced blockchain technology, both companies aim to enhance financial operations and drive growth in the agricultural financing sector. This pilot project is just the beginning, with more Real-World Asset projects expected to emerge as demand for DeFi solutions continues to rise.
LandX Finance is a leading entity in decentralized finance, offering businesses innovative solutions for accessing liquidity through automated smart contracts. Through its LandX Credit Gateway platform, LandX Finance aims to close the agricultural financing gap by providing decentralized financing solutions to businesses. Dominion Blockchain Solutions Ltd. is dedicated to the development and application of blockchain and agricultural technology, making them a strategic partner for LandX Finance in transforming grain inventory financing.
