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ANDA Global Partners EST Group To Deploy Blockchain Solution For Agro Commodities Trade

ANDA GLOBAL has announced a new partnership with EST Group of Companies represented by EST GLOBAL Inc. based at Cambridge Innovation Center, MIT, Boston.

According to the group, “this partnership will enable us deploy EST GLOBAL’s digital banking platform which is working for the development and financial inclusion in several countries. It is a Composite Banking platform backed by DLT, AI, IOT, Machine Learning and Robotics.”

Speaking on the development, Co-Chairman and Founder of EST Group, Dr. Sindhu Bhaskar said, “EST Group is focused on development and highest priority is accorded to banking the unbanked, financial inclusion and rural development.”

“We are already in Africa partnering with Ecobank launching the digital banking lending platform EST Lend. And with ANDA we shall create the commodification and commercialization of Agriculture with supply and trade of agricultural products all based on block chain and AI analytics”.

“With our Blockchain based EST COOP and Farmers Blockchain, we are trying to contribute to change,” he emphasized.

For his part, Founder and CEO at ANDA GLOBAL, Anthony Awasom, indicated that “Anda Global is revolutionizing the agro-commodities farming, trade and finance landscape in West Africa adding that this new partnership is to enable the trade in commodities safer, smarter and faster”.

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Meanwhile the benefits of this new partnership include.

  • Effective agricultural data capture, management, investment, and financing agricultural infrastructure.
  • Building sustainable agri-food systems – reducing food losses, security, and safety.
  • Empowering and supporting smallholder farmers across the value chains and integration into global and local supply chains. 

ANDA is an agri-food commodities marketplace, pairing producers, buyers and financiers while connecting participants and enable them for global discovering, contracting, financing, payments and settlements.

The Platform promotes sustainable, ethical practices and empowers local communities and surrounding economies. The end consumer also benefits from the increased traceability and transparency provided on the platform that contributes to their bottom line and the communities they source goods from.

 

Source Cocoa Post
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