Increasing business efficiency in agriculture
Challenge

Today, Smart Contracts are proving increasingly useful for performing complex, multi-party and multi-step business transactions. But their true potential will not be realised until a single Smart Contract can be recognised by, and executed on, different DLTs. To address this issue, Quant has introduced the concept of the Treaty Contract: a fast, simple mechanism for facilitating the cooperation between Smart Contracts and transactions on different DLTs using Quant’s Overledger Network. Treaty Contracts can deliver real benefits in many scenarios.

Solution

Take agricultural goods, for example. By facilitating fast, simple integration of multiple systems, such as IoT, asset ownership, payment systems and real-time weather updates, onto DLT through a single connection to the Quant’s Overledger Network, purchasers can achieve lower prices, reduced wastage and therefore create a more efficient business, resulting in higher margins and a higher-quality end product.

Benefit

By enabling cooperation between Smart Contracts on different DLTs, Treaty Contracts are ideal for extending business processes across multiple internal DLTs, or for interoperating with external DLTs, in order to unlock the true business value from a multi-chain strategy.

Automating complex processes and enabling choice for stakeholders
Streamlining commodity flow across the world
Bringing trade finance into the digital age
Creating a new global energy ecosystem
Treaty Contracts: Connecting Central Bank Digital Currencies
Modernising information exchange for utility companies
Improving the efficiency and management of clinical trials
Improving the safety of medicine
Increasing business efficiency in agriculture
Delivering an improved model for financial reporting
Enabling a new generation of agri-food supply chains
Maximising the benefits of knowing your customer
Reducing seafood fraud with more transparent and traceable supply chains
Unlocking the potential of stablecoin for commercial banks
Enabling open access to CBDCs for the first time
Facilitating a global ecosystem for digital assets
Making supply chains more transparent, traceable and trustworthy
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