Overstock’s VC Wing Leads $8.2M Funding Round in GrainChain

GrainChain, a commodities tracing platform that uses smart contracts to open up liquidity for low-income farmers, has raised $8.2 million in its latest funding round, the company announced Friday. GrainChain envisions itself as a sort of glue between disparate actors in the agriculture supply chain.

It brings farmers, bankers, insurers, exporters and trade associations on a unified blockchain platform where they can validate the movement of crops and commodities, and even make payments through event-triggered smart contracts. Both farmers and bankers expressed hope at the time that GrainChain’s traceability trust factor could change that.

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