EasyFarm "Platform 'Blossery' Partners with Upbit Safe"

[Asia Economy Reporter Hyunseok Yoo] Blocery, a blockchain-based agricultural product traceability platform, announced on the 11th that it has signed a business partnership agreement with Upbit Safe, a cryptocurrency custody service.

Through Upbit Safe, Blocery provides custody services for virtual assets and has entrusted a total of 600 million Blocery Tokens (BLY), which accounts for 60% of the total issuance including foundation and ecosystem allocations. The amount is expected to gradually increase in the future.

Upbit Safe is a service created through a partnership between Upbit, a global standard cryptocurrency exchange, and DXM, a blockchain technology company and subsidiary of Dunamu, offering cryptocurrency asset storage services and solutions.

Blocery is a platform developed by EasyFarm, a leading Ag-Tech company that combines Agriculture and IT technology based on agricultural intelligence data. It recorded the highest number of daily new sign-ups last December, and its sales from October to December increased by 200% month-over-month for three consecutive months.

With 20 years of experience, EasyFarm supplies smart farm, farm production management, and agricultural product direct sales and distribution management solutions to farms, agricultural businesses, and public institutions.

EasyFarm aims to establish a transparent agricultural product consumption culture and has acquired three patents as a result of continuous research and development on blockchain utilization technology. Last year, it was selected for the ‘2020 Blockchain Public Leading Pilot Project’ hosted by the Ministry of Science and ICT and the Korea Internet & Security Agency, and built the 'Rural Development Administration Blockchain-based Open-field Crop Production and Distribution Management Platform.'

Since March last year, EasyFarm has been operating the blockchain-based agricultural food direct transaction platform 'MarketBly' and plans to conduct aggressive marketing, including large-scale New Year events, to keep pace with the rapidly expanding service.

This content was produced with the assistance of AI translation services.