2 Second once a full marketplace has been created buyers and sellers will enjoy the
advantages of verifiable price and reputation discovery.
Buyers and Sellers: To access and use the platform you need to be onboarded. This
process facilitates trading on the exchange because your identity will be verified. You
may then use the platform to trade by paying an exchange fee in tokens. Trades are
settled in the same way as they are today - in the currency that you choose.
Service Providers: Banks, shipping companies and insurers will be able to offer services
to rice buyers, sellers and traders. Service providers will be able to access verifiable and
accurate information from our platform. Our highly experienced technical team will assist
in integrating your platform with ours. Rice Exchange uses Hyperledger, a private
permissioned network that is supported by IBM.
Token incentives: The founding network of rice trading participants will be rewarded for
supporting the Rice Exchange platform by receiving exchange tokens. Early adopters
who share our vision of creating an efficient network based on trust will be able to use
these tokens to trade rice or sell them to other users of Rice Exchange. Any party that
uses Rice Exchange in the early stage will get access to the user incentive pool.
Participants who refer business to the platform will receive token incentives. These
tokens can be used to access services on the platform or can be sold to other participants.
The Rice Exchange is your Rice Trading Club. To access and use the platform you need
to pay a small fee to buy tokens. As there are a limited number of tokens the more you
and your partners use the platform the more your token will be worth and the cheaper
the platform services will be.
8% Referral Pool
Rice Exchange already has Onboarding in 3Q18
confirmed rice volume of Trading launch in 4Q18
200,000 tons.
The Rice Exchange platform will be
This includes buyers and sellers from Asia, fully operational by year end.
Africa, Latin America and Europe
The Rice Exchange board and management are a highly experienced and capable team with the necessary
skills to build and manage a marketplace for the complex rice supply chain.
Rice Exchange is the first digital global platform specifically designed to trade the world’s largest
agricultural commodity, rice. Trading rice on the exchange removes unnecessary transaction costs and
lowers other costs allowing for better service pricing and benefits for all parties - producers, sellers,
buyers and services providers.
The trading platform uses blockchain technology which modernises supply chains creating significant
costs and time savings. It allows service providers like banks, insurance and shipping companies to
reduce risk and offer more competitive quotes to rice market participants. Louis Dreyfus completed a
trade of 60,000 tonnes of soybeans between the US and China using blockchain technology in January
2018 - processing time was cut to one fifth of the time taken for a paper-based trade.
Users of Rice Exchange will benefit from increased transparency, liquidity, security, higher frequency of
trades and lower costs for insurance, shipping and inspection services.
The Rice Exchange team have expertise in technology, rice trading and financial services. We know the
rice trade inside out and we have built the trading platform to provide ease-of-use, security and
competitive economics.
Our business development representatives are based in Asia, Africa and Latin America. We are seeing
significant interest in the benefits of Rice Exchange platform and anticipate rapid adoption of the
platform.
How it works
Trade with Chat Counterparties can communicate in real time about deals
A demo version of the platform is now available
How it works
Audit Log
✓ Better access to the market and price discovery, less reliant on 2nd hand information
✓ Better assessment of a counterparty’s reputation
✓ Smart contract tools with automatic document matching and pre-populated document
functionality; reduced costs and risk of error
✓ The ability to do shipments by containers at more competitive prices
✓ More secure operations as e-documents and smart contracts replace use of couriers to send
documents
✓ The ability to tender documents via the platform to my counterparty without losing control
until I have received payment
✓ Access to pre-financing proposals from lenders active on the platform or microfinance solutions
for small holders
✓ Access to free tokens and free trades on the platform if I commit early to trade volume on the
exchange. This is a unique opportunity for early adopters. For those signing up later there will
also be rewards for using the platform but the early birds get the biggest rewards!
✓ Better access to market and price certainty, reduced reliance on 2nd hand information
✓ The ability to share my track record with the counterparties of my choice
✓ Better price discovery tools and means to optimize my business
✓ Smart contract tools with automatic document matching
✓ The ability to offer smart payment solutions to my seller by connecting my bank with the seller
or seller’s bank over the blockchain; with certainty that the documents can be trusted and are
not fraudulent
✓ Access to container shipments at lower cost
✓ The ability to track my goods in real time (under development)
✓ Access to competitive insurance cover via the platform
✓ Access to financial propositions from lenders active on the platform
✓ Access to provenance and traceability data giving quality guarantees (under development)
✓ Access to free tokens and free trades on the platform if I commit early to trade on the
exchange. This is a unique opportunity for early adopters. For those signing up later there will
also be rewards for using the platform but the early birds get the biggest rewards!
As a SHIPPING LINE I benefit from:
✓ The ability to store the information related to the cargo digitally and accessible in real time
✓ Real-time data temperature audits and flag changes mean one version of the truth prevails.
✓ The ability to assess counterparty risk leading to a reduction in the number of disputes
✓ Control over the whereabouts of the original Bill of Lading (BoL) at all time.
✓ The ability for the BoL to change hands on the blockchain securely with no risk of loss or
fraud.
✓ Certainty of ownership and to whom to deliver the cargo
✓ Control over the exact number of bags loaded and unloaded from the ship in the case of
conventional shipment (under development)
✓ Enhanced transparency and audit trails that will lead to reduced fraud and theft. The 2014
Qingdao fraud case is reported to have cost banks $700m
✓ A guarantee that the transfer of documents will happen simultaneously with the financial
payment by means of a smart contract and without any human intervention
✓ The ability to offer more efficient and cost-effective payment solutions to my clients based
on smart payment tools that also reduce the risk of fraud for the bank
✓ The opportunity to service markets where there is little or no prior trust or where generating
trust is costly
✓ The opportunity to offer financial solutions to Rice Exchange customers
✓ The opportunity to offer financial solutions via Rice Exchange to it customers.
As INSURANCE COMPANY I benefit from:
✓ The ability to better service customers relying on detailed knowledge about their business
activities
✓ Access to verified, tamper-proof documentation which will facilitate the assessment of claims
whilst lowering costs and reducing the incidence of fictitious claims
✓ The ability to offer insurance via the platform especially for standardized deals or trade flows
✓ Real-time data that allows measures to be taken to reduce risk and mitigate losses and will
allow for more accurate pricing of premiums
✓ Access to bag tracking tools (under development) to establish the correct number of bags
loaded /unloaded: this will considerably enhance recourse against the party responsible for the
eventual loss, with improved premiums as a result
✓ Clarity on claims history and informed pricing decisions.
EUROPE/AFRICA
Frank Gouverne frank.gouverne@ricex.io
ASIA
Christian Schmitz christian.schmitz@ricex.io
LATIN AMERICA
Adolfo Bohmer adolfo.bohmer@ricex.io