Ontology to Digitize Grocery Shopping Through Blocery DApp

By Brian Njuguna   Nov 08, 2019 1 Min Read

Webp.net-resizeimage - 2019-11-08T143736.622.jpg

Ontology (ONT), a high-performance public blockchain project and distributed trust framework, has revealedits teaming up with Blocery, a high-end grocery pre-purchase/ agricultural products purchase e-commerce platform, for a premium dApp. 

Through the new supply chain solution (SCF), this collaboration will enable customers to buy groceries through smart contracts even before they are harvested. Additionally, the SCF will allow vendors to get cash from investors. 

The partnership will see Blocery generate ecosystem applications with the infrastructural and capital support coming from Ontology. As a result, Blocery will serve as a De-Fi solution in Ontology’s ecosystem. 

Blocery has proven to be a dApp project that caters to people’s needs in their real lives on the grocery value chain. It views DLT as an ideal solution when it comes to meeting daily customer needs. 

Andy JI, the Ontology co-founder, noted: “Blocery is an interesting case that has survived the winter of the blockchain industry with its strong agricultural background within its local market. Its supply chain finance business model would thrive in the DeFi ecosystem of Ontology.”

The Blocery dApp is expected to be integrated into the Ontology chain by the first quarter of 2020. Notably, Ezfarm, Blocery’s parent company, whose origin is South Korea, has been involved in the ag-tech business for the last 20 years. 

 

Image via Shutterstock

 

 


About the author

Brian Njuguna
He is an accomplished corporate writer and entrepreneur based in Nairobi, Kenya. He holds a Bachelors of Economics & Statistics, Second Class Upper Division, from Kenyatta University. Brian has a penchant for Blockchain and Cryptocurrency because he believes the present systems will be altered by these innovations as they reign supreme as we gear towards the fourth industrial revolution or 4IR.




Like this post:
Read More