Market Cap
24h Vol
7051
Cryptocurrencies
76497
Markets
2020-07-13

Blockchain for agribusiness and fishing

Release, a social trade platform driven by blockchain, announced on 12th July that its platform is ready to transform agriculture and fisheries.

The agricultural and fishing industry has great potential which can be expanded on a global scale if issues such as logistical efficiency and price fairness can be resolved. Release is said to have developed a social trade architecture that will help transform global agriculture and fisheries logistics. 

According to Release, inefficiencies in logistics and the supply chain and the lack of effective communication between buyers and sellers are among the most important challenges facing social trade. Release stressed that this social trade platform would eliminate the role of intermediaries, further strengthening the scope of agriculture and fisheries in e-commerce.

Social commerce is a subset of e-commerce that includes social media -online, which support social interaction and user input to help buy and sell products and services online. The issue aims to combine social media and e-commerce to provide a robust platform for social commerce, which is dispersed and decentralised in nature.

It uses state-of-the-art technologies such as Big Data and Artificial Intelligence to create a robust, secure and transparent social trading platform.

The "release" of a native token will allow owners to access features on the platform in order to purchase services, skills, products, among others.