
LandX Finance and Dominion Transform Grain Inventory Financing Through Chainwire
Dubai, UAE, July 24th, 2024
LandX Finance, through its blockchain-based LandX Credit Gateway platform, has entered into a strategic partnership with Dominion Blockchain Solutions Ltd. The collaboration aims to revolutionize grain inventory financing and make significant advancements in the decentralized finance (DeFi) sector.
LandX Credit Gateway: Leading the Way in Decentralized Lending
The LandX Credit Gateway has created a platform that enables peer-to-pool loans through decentralized and automated smart contracts. By leveraging public blockchains, the platform assures secure, transparent, and efficient transactions. As a frontrunner in agricultural finance on the blockchain, LandX’s alliance with Dominion Blockchain Solutions Ltd. is set to enhance the use of blockchain technology in addressing the agricultural financing gap.
Innovative Financing Model for Farmers
Through this partnership, Dominion Blockchain Solutions Ltd. will utilize the LandX Credit Gateway to secure funds for timely payments to grain growers. This model not only accelerates the payment process for farmers but also opens up attractive investment opportunities for those within the cryptocurrency ecosystem.
Operational Overview
Dominion Blockchain Solutions Ltd. will tap into the LandX Credit Gateway to secure USDC-denominated loans. This funding will be backed by lending pools, allowing investors to earn interest and other rewards by depositing their USDC.
The funds acquired via the LandX Credit Gateway will be secured against grain inventories and will be directed towards financing trade, capital expenditures, and other essential activities within the agricultural sector. This innovative system grants farmers access to necessary liquidity quickly, thereby improving their cash flow and operational efficiency.
Dominion’s Grain Intelligence division offers a detailed digital solution that tracks grain data from the field to processing. The process initiates with grain sampling and analysis, with results shared with prospective buyers. A digital sales contract is created, grain transportation is monitored, and payment is processed upon delivery confirmation. This comprehensive solution ensures full traceability, applicable for carbon credits and sustainability initiatives in the food supply chain.
Grain growers benefit from North West Terminal’s deferred payment terms, which provide payment 35 days after grain delivery, leveraging funds sourced through the LandX Credit Gateway.
Statements from Leadership
"Partnering with Dominion Blockchain Solutions Ltd. reflects our dedication to driving innovation in the DeFi sector. Our platform aims to empower businesses with secure, transparent, and efficient financial solutions," said Zen, Head of Strategy at LandX Finance.
"We are excited to collaborate with LandX Finance. This partnership allows us to utilize advanced blockchain technology to improve our financial operations and foster growth," remarked Jason Dearborn, CEO of Dominion Blockchain Solutions Ltd.
Looking Ahead
This partnership is set to unleash significant potential in the DeFi realm. By merging the innovative capabilities of the LandX Credit Gateway and Dominion Blockchain Solutions’ agri-tech expertise, both organizations are positioned to elevate financial services. This pilot project marks the beginning of a broader initiative, as interest in Real-World Asset projects within DeFi continues to rise.
About LandX Finance
LandX Finance is a trailblazer in the decentralized finance industry, with its LandX Credit Gateway platform leading the charge in blockchain-based lending. By providing innovative solutions for businesses to access liquidity through decentralized and automated smart contracts, LandX Finance is actively working to bridge the agricultural financing gap.
About Dominion Blockchain Solutions Ltd.
Dominion Blockchain Solutions Ltd. is committed to the advancement and implementation of blockchain and agricultural technologies.
For inquiries, please contact [email protected] or [email protected].