ADM, Cargill, Bunge, Dreyfus blockchain initiative unveils as Covantis – Ledger Insights
- ADM, Cargill, Bunge, Dreyfus blockchain initiative unveils as Covantis
- Today, the blockchain initiative founded by global agribusiness firms Archer Daniels Midland (ADM), Bunge, Cargill and Louis Dreyfus officially launched under the banner of Covantis .
- The initiative was launched last year by the four firms, with COFCO and Glencore joining the consortium later on.
- Geneva-based Stefano Rettore will head the Covantis initiative in the interim until a governance model is in place, and a CEO is appointed.
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