New online livestock trading platform launched
10 November 2020
Beef Central AGTECH:
AGTECH developer AXIchain has added a livestock trading component to its recently-launched meat trading platform, AXIchain Trader.
The livestock trading function within AXIchain’s Smart Trader app complements the platform’s existing red meat trading capabilities as part of an overall upgrade.
The AXIchain Smart Trader app has been designed with both producers and livestock buyers in mind, creating the opportunity to buy and sell livestock at the click of a button on a smart device.
Livestock sellers can capture specification data via RFID integrated technology and data inputs along with accreditations, images and video uploads, allowing producers to broadcast their livestock for sale to the industry, or directly to their preferred buyers.
Livestock buyers can view listings via a localised Google integrated mapping tool and the Marketplace module lets buyers browse available stock and purchase or negotiate with sellers.
A Buyer Request module provides the capability to upload specifications of stock to fill production or feedlot buying orders, or fill gaps in processing capacity quickly and efficiently.
The platform is underpinned by a blockchain distributed ledger to track provenance and transactional data linked to a smart contract payment solution for financial assurance to stakeholders.
Axichain has partnered with a global payment group creating the AXIpay payment infrastructure providing an ‘escrow’ style remittance process linked to the AXIchain smart contract, the company’s chief executive, Linda Woodford said.
Smart Trader also allows for a point-of-sale process for sellers wishing to conduct sales on site.
The AXIchain Smart Trader app integrates with NLIS wand scanners and panel readers capturing RFID tag information, seamlessly transferring it to the AXIchain mNVD and TransTrack products, continuing the unbroken transfer of traceability and provenance data through the supply chain.
“The platform provides the industry with an end-to-end digital supply chain to help maintain global competitiveness,” Ms Woodford said. “Our mission is to ensure Australia retains its excellent reputation as a red meat export nation – providing safe, clean and natural food products in a rapidly changing trading environment.”
The AXIchain Smart Trader app is available in the web application and available via Google Play and Apple shortly.
AXIchain earlier launched its digital NVD app for livestock transactions. Licenced by the Integrity Systems Co in July, AXIchain’s mNVD is an easy-to-use digital solution to move livestock from farm to producer and/or processor. Bypassing paper-based NVDs, users can create mNVDs straight from their smart device.
For more information on the AXIchain Smart Trader, click here.
