AgriDex’s blockchain-based platform enabled a South African farm to complete a trade with a London importer, showcasing the benefits of onchain settlements.
Solana-based real-world assets (RWA) marketplace AgriDex helped complete a cross-border agricultural trade between a South African producer and a London importer.
The importer paid for the shipment of over two hundred bottles of extra virgin olive oil and multiple cases of wine from a farm and vineyards in South Africa.
According to the announcement, AgriDex facilitated the trade payment over the Solana blockchain and charged 0.15% to each side of the trade. In contrast, traditional payment methods incur significantly higher fees from both parties.
