Covantis Initiative Selects ConsenSys System for Blockchain


As the standard for blockchain applications based on Ethereum, Convantis was established by the world's major commodity traders including ADM, Bunge, Glencore Agriculture, Cargill and Louis Dreyfus Company.


The intent of the Covantis initiative is to develop a platform to facilitate global trade and to achieve efficiencies in international supply chains.


ConsenSys has an extensive track record of applying blockchain technology to digitize commodity trade and finance.  ConsenSys will use PegaSys Orchestrate and MythX for the Convantis blockchain network.