Business
First Bitcoin Capital To Offer Supply Chain Management Platform Utilizing Blockchain Technology To Benefit Agricultural Industry
First Bitcoin Capital To Offer Supply Chain Management Platform Utilizing Blockchain Technology To Benefit Agricultural Industry.
About this update from First Bitcoin Capital Corp.
[{"type":"text","content":"TEL AVIV, ISRAEL/ ACCESSWIRE / January 30, 2018 / First Bitcoin Capital Corp (OTC PINK:BITCF), a prolific generator of cryptocurrencies and developer of BlockChain technology is launching its 2nd supply chain management partnership utilizing cutting edge enterprise BlockChain platform.Our second partnership is with Empire Blockchain Corp., a subsidiary of a major Chinese agricultural concern - Yasheng Group.\"As a major Chinese agriculture business, Yasheng Group encountered an impediment: less-than-optimal agricultural supply chain channels. Already familiar with the intricacies of diverse agricultural businesses, Yasheng quickly recognized the business opportunity at hand. In its quest for a solution to overcome difficulties associated with the industry's supply chain inefficiencies and bottlenecks, Yasheng subsidiary is partnering with First Bitcoin Capital to develop and operate an enterprise-grade, BlockChain-based platform called Agribloq (www.agribloq.com/- website in development) that will enable agricultural companies globally to conduct more transparent and efficient business transactions.\"AgriBloq will constitute the first BlockChain-based platform devoted entirely to serving agricultural industry supply chain needs. The project is designed to address the cost constraints industry participants' face in fluctuating commodity prices. Yasheng expects Agribloq users will realize cost and time savings while benefiting from the increased transparency offered by the BlockChain, enabling them to more easily navigate the vicissitudes of an ever-evolving global market.\"Equipped with decades of diverse agricultural experiences, Yasheng Group expects its subsidiary, Empire Blockchain, to identify practical applications of Blockchain in the agriculture sector to capitalize on a more environmentally-friendly systems that will dramatically lower the cost per acre of production and delivery, from seed to consumer.\"As a company focused on the development and implementation of proprietary technologies for environmentally friendly farming, such as drip irrigation, we understand the importance of developing new technologies, especially BlockChain-based innovations, to help companies in our parent's industry to get competitive advantage and cost efficiency,\" commented Empire's President Qing Qin Wu. Empire Blockchain Corp. is evaluati...