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AgriDex selects L3COS and tokenisation for $9 trillion global food and agriculture marketplace
Global food and agriculture industry supply chain platform AgriDex has selected L3COS to create its blockchain-based transparent marketplace.
In an $85 million contract, London-based L3COS will deliver the tokenised payments and exchange platform for AgriDex, whose users’ supply chains are valued at approximately $2.25 trillion annually.
When the L3COS-based AgriDex platform goes live at the end of 2021, more than 150 companies will be able to use AgriDex to create more efficient supply chains via an ultra-secure, fully compliant, smart marketplace.
The World Bank currently values the global food and agriculture market at more than $9 trillion annually.
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The MGA market faces many obstacles but is growing quickly.
The Managing General Agents Association (MGAA) now
has some 140 MGA members with over £6bn premium under
management – and all within six years.
However, with reducing capacity, multiple regulatory challenges,
new London market practices, Brexit, and a bewildering choice of
improving technologies, these all lead one to ask the question: why
be an MGA?
Cyber
Cyber is a challenge for the whole market not just MGAs.
Technology is the undoubted way forward – and will only