India’s Empowers Agri Loans with Blockchain for Enhanced Transparency October 18, 2023 October 18, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 18, 2023 by Kelly Cromley

India’s Empowers Agri Loans with Blockchain for Enhanced Transparency, a grain commerce platform, has taken a significant step in transforming agri loans by integrating blockchain technology. Warehouse receipt loans, which are disbursed through its fintech subsidiary and non-banking financial company (NBFC), Aryadhan, will now be processed on the blockchain, offering users an unprecedented level of trust and transparency. This development comes as tokenizes commodities stored in its warehouses, revolutionizing the disbursement process.


Advancing Agri-Lending Services


Prasanna Rao, CEO of, described the move as a substantial leap in the efficiency of agri-lending services. By porting all disbursements onto the blockchain and enabling payments in under five minutes, aims to provide unmatched visibility and assurance in managing physical risks associated with commodity storage and finance.


Partnerships and Extensive Operations has formed partnerships with 35 financial institutions, including banks and NBFCs. The platform manages an impressive 7.6 million tonnes of commodities, with assets under management amounting to $3 billion in the last financial year. Prasanna Rao expressed the platform’s intention to collaborate with additional lenders to transition commodity-based warehouse-receipt financing to the blockchain. This move is expected to enhance transparency, speed, and reliability across these transactions.


Building Trust through Blockchain


In the realm of agricultural lending, establishing trust between lenders and borrowers is a fundamental challenge. claims to overcome this challenge through its blockchain integration. As the custodian for every token generated, the platform safeguards against issues like duplicate pledges and ownership conflicts. When a pledge is made, a smart contract is initiated, allowing banks to assign a unique identifier to the token lien. This process ensures the exclusivity of each pledge and provides banks with a consolidated view of all pledged commodities.


The Benefits of Blockchain Integration


Transitioning the lending process to a blockchain not only accelerates transactions but also significantly enhances security and trust among participants. The decentralized nature of blockchain ensures immutable record-keeping, making data both transparent and secure, while also rendering it virtually tamper-proof, thus reducing fraud and errors. Additionally, this move standardizes procedures and documentation, simplifying interactions among various stakeholders in the commodity trading and financing sectors.


Collaboration with Newrl collaborated with Newrl, a decentralized trust network blockchain, to develop this infrastructure. At present,’s ledger contains records of 3.2 million metric tons of commodities stored across 894 warehouses on the blockchain network.


Conclusion’s integration of blockchain technology into the agri lending process represents a significant advancement in the industry. By ensuring transparency, trust, and efficiency, it is poised to have a transformative impact on the world of agri loans. As the platform continues to work with a wide array of financial institutions, it aims to further enhance the lending experience, providing an exemplary model for the future of commodity-based financing. With the support of blockchain technology, is facilitating a more secure and streamlined agri-lending ecosystem.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.