Hedera Blockchain Partners with AgNext Technologies for Agricultural Innovation
The Hashgraph Group, a Swiss venture capital firm, has invested in AgNext Technologies, an agritech company. This move aims to integrate Hedera’s blockchain technology into AgNext’s AI-driven solutions.
On April 7, a press release revealed this strategic partnership. The Hashgraph Group joins Novo Holdings, a Danish investor, in supporting AgNext’s fundraising. This collaboration marks a meaningful step for the Hedera (HBAR) ecosystem.
AgNext plans to use Hedera’s distributed ledger technology to enhance trust in the food supply chain. The focus is on insurance and traceability. Stefan Deiss, CEO of The hashgraph Group, saeid, “We’re excited to work with agnext. Together, we’ll merge AI and blockchain to create cutting-edge AgriTech solutions. This will give AgNext a competitive edge in the web3 era.”
AgNext will use Hedera’s blockchain for supply chain digitization. The technology will improve efficiency and transparency. smart contracts will ensure data immutability. The goal is to create a new web3 venture in Switzerland. This venture will offer global customers Hedera-powered devices. These will improve the agricultural sector’s digital transformation.
AgNext will leverage Hedera’s blockchain for better supply chain management.
AgNext has operations in India, the Middle East, and the U.S. They raised $21 million in Series A funding in 2021. Hedera is also making strides in real-world asset tokenization. This includes partnerships with Chainlink and Alchemy Pay for easier crypto transactions.
