The DCX Livestock Exchange will feature over 5 million farmers from 22 states across India, integrated with inspection to ensure all products are certified.

We are looking forward to creating internal transparency in agri commodities in India. Our platform paves the way for resolving the food security concerns currently facing the region.”— Suraj Arora

‍

SINGAPORE, November 16, 2022 /EINPresswire.com/ -- DCX – a global operator of platforms for agri products and GVT – an eminent development organization promoted by KRIBHCO have agreed to create a cooperate on creating a marketplace for livestock in India.

‍

The DCX Livestock Exchange will feature over 5 million farmers from 22 states across India. The marketplace will integrate with inspection companies to ensure that all products on the platform have been certified and can be traced by the buyer. Furthermore the marketplace will give produces full visibility on the price that they have received and compare it to other districts and states.

‍

Suraj Arora, Co-Founder and Managing Director of DCX Asia said “We are looking forward to creating internal transparency in agri commodities in India. As a group we feel blockchain can pave the way for resolving the food security concerns currently facing the world. South Asia is not only a big consumer of agri products but also a big producer of the same thus creating the need for a very dynamic trading digital ecosystem. We are humbled and fortunate to work with GVT for creating the first Digital Livestock Exchange in the region”.

‍

DCX is a global provider of platforms for agri commodities and related products. The DCX Global Marketplace allows users from around the world to connect and transact in 4 agri commodity areas – Rice, Fertilizer, Grains and Pulses. Since its launch in 2020 the company has attracted over 200 clients from 40+ countries around the world.

‍

The DCX 2.0 platform will allow clients to license the platform for use in their own environments promoting seamless digitalization and trusted reporting within their own groups and with clients and service providers. It will also allow the creation of regional and local marketplaces with smaller participants and local payments providers.

‍

Gramin Vikas Trust (GVT) started its journey in 1992 as a national level non-profit development organization with the support from Krishak Bharati Cooperative Ltd (KRIBHCO), Ministry of Chemical & Fertilizers, GOI and DFID (UK) to create a world where every citizen can live a secure, healthy and fulfilling life and, sustain in harmony with nature. Along with various social, economic and environmental development initiatives, GVT is involved in enabling capacities of rural populace through running various institutes like School of Rural Management, National Livelihood Resource Institute and Krishi Vigyan Kendra.

‍

GVT is directed by the Board of Trustees, which includes five Trustees from KRIBHCO, two Trustees from Ministry of Chemicals & Fertilizers, Government of India, and three nominated eminent Trustees from diverse background.

‍

Mr Shailesh Kotru Lead Business Development from GVT said "this unique initiative will streamline and enhance the quality of Indian livestock market and open innumerable opportunities for the farming community to increase their income through through this Digital Livestock Exchange. Gramin Vikas Trust is very proud of being the part of this initiative and thankful to DCX Asia for this collaboration."

‍

Suraj Arora
DCX Asia
+60 12-298 3264
suraj.arora@dcx.group

‍

DCX launched its 2nd generation platform in early July which involved a re-architecture and re-platforming in order to move to a mobile friendly multi commodity trading platform. Migrating away from another cloud provider, DCX in collaboration with AWS were able to leverage AWS cloud native managed services to build a modern, scalable, and robust architecture.

Working with our AWS Account Manager and AWS Solution Architect DCX built out a scalable solution leveraging a suite of Serverless Technologies to ensure we only pay when the application is in use, by adopting this approach DCX have managed to reduce our cloud consumption by a factor of 10 monthly allowing us to reinvest in the business and grow into further areas.

Graeme Kelly, DCX CTO said “During the next few months, DCX will work with AWS to build out our SaaS offering, expand into AI\ML to provide data insights to our users, DCX Data and DCX Open API across the main functional areas leveraging the power of the AWS ecosystem.”

Joshua Tan, the DCX AWS Account Manager said “The AWS cloud provides abroad range of resources and tools for organizations at any stage of the SaaS transformation. AWS helps start ups with SaaS models leverage AWS best practices and SaaS expertise on your SaaS journey to build your organizational, operational, and technical capabilities."

A simplified version of the Architecture is detailed below.

‍

Digital Commodity Exchange (DCX), a global provider of platforms for agri products, and KL Tech City, a  tech venture hub based in Malaysia, will create a  vehicle to promote seamless digitalization and internal transparency in agricultural markets in Asia. 

DCX Asia will be the marketing and distribution arm of DCX in South and South-East Asia. KL Tech City has introduced several clients to DCX and after several months of talks the parties have agreed to create a JV to coordinate their efforts. 

DCX Asia will be responsible for marketing and brand building in the region and attracting clients to the DCX Global Marketplace. In addition, it will promote opportunities for DCX to license its second generation platforms, as private environments for large corporate clients, as well as for regional and local marketplaces, and verticals which DCX does not cover. 

Stephen Edkins, Co-Founder and CEO of DCX said “Having worked with Suraj and his team for the last two years we are convinced that they are the right partner for us in South and South-East Asia. Our new  platform is multi-commodity, multi-tier and modular. The underlying technology is agile meaning that  we can now create a private environment in a matter of hours.  It is important to have local connections and commercial insight on how to position DCX  in this region where we expect to sign up new clients.”  

Suraj Arora, Co-Founder and Managing Director of KL Tech City said “We are looking forward to building  internal transparency in agri commodities with this  joint venture.  We believe that blockchain technology is a step towards addressing current food security concerns. South Asia is a big consumer of agri products and a large producer of the same thus creating the potential for a  dynamic trading platform.”

‍About DCX

DCX is a global provider of platforms for agri commodities and related products. The DCX Global Marketplace allows users to connect and transact rice, fertilizer, grains and pulses. Since its launch in 2020 DCX has attracted over 200 clients from more than 40 countries. The DCX 2.0 platform allows users to license the platform for private use promoting seamless digitalization and trusted reporting within their groups including external clients and service providers. The second generation platform allows for the creation of regional and local marketplaces with smaller participants and local payments providers. 

‍About KL Tech City 

KL Tech City is a cross-regional tech venture hub that positions Malaysia at the center of the vibrant start-up marketplaces of South and South-East Asia, bridging Asia, the Middle East and Africa with a focus on artificial intelligence, blockchain, fintech, creative industries and cleantech - the big technology trends of this  generation and the next.

‍