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Company Behind Budweiser Uses Blockchain To Help African Farmers
Summary: Anheuser-Busch InBev, the multinational drink and brewing company behind Budweiser, is utilizing their blockchain to aid local African farmers in proving their income, according to a report from Yahoo Finance on Jan. 21. The blockchain-based system was developed in collaboration with BanQu and is designed to tracks all the local suppliers of Anheuser-Busch InBev, replacing ...
Anheuser-Busch InBev, the multinational drink and brewing company behind Budweiser, is utilizing their blockchain to aid local African farmers in proving their income, according to a report from Yahoo Finance on Jan. 21.
The blockchain-based system was developed in collaboration with BanQu and is designed to tracks all the local suppliers of Anheuser-Busch InBev, replacing the paper trail.
The system will track all the local farmers that supply barley and malt to Anheuser-Busch InBev. Which allows them to prove their income to local banks, and thus open bank accounts and lines of credit.
By Ramsey Baker
Tags: AB InBev,Africa,Blockchain,Budweiser,farmers
Link: Company Behind Budweiser Uses Blockchain To Help African Farmers [Copy]
