SAP invests in a lot of promising startups, and it’s sometimes hard to keep track of all of them. E-3 Magazine has selected the most interesting companies to showcase in our SAP Startup Spotlight Series. In this article, we will take a look at GrainChain.
Luis Macias, CEO of GrainChain, is an innovator and entrepreneur that has nearly 20 years of experience designing, inventing, and implementing technological solutions in the government, agriculture and insurance sectors. Since 2013, when he founded and implemented SiloSys and developed GrainChain’s transaction platform using smart contracts, he has been focused on viable agricultural solutions. In this interview, he explains his vision for GrainChain, how it is connected to SAP, and what’s next for the startup.
E-3 Magazine: What does GrainChain offer?
Luis Macias: GrainChain has developed a platform that is leveling the playing field for producers, buyers, storage operators, lenders, and all other participants on the global agricultural supply chain.
How does your solution work?
Macias: Our solution combines blockchain and IoT-driven technology to verify and auto-execute smart contracts, creating fully automated and digitized workflows at every stage. The GrainChain platform provides a central, single point of truth that brings all participants on the supply chain together with transparency, efficiency, and reliability of data.
Why do customers use your solution?
Macias: GrainChain has worked with customers using limited to no digital technologies all the way up to global conglomerates with the latest technology. Our products are customized based on our client’s requirements and their existing tools, which can be easily integrated with our platform. Our clients use these solutions to gain business efficiencies, reduce operating costs, reduce business risks, and to become more attractive to lenders. Customers also use our solution to meet traceability and transparency requirements for all participants along the supply chain.