The Ontology team took to its account on Twitter to spread the word about the partner the company has recently started working with. Later this year, the Blocery DApp launches a beta version to let users buy groceries via its e-commerce platform. It will take place on the Ontology blockchain.
— Ontology (@OntologyNetwork) November 7, 2019
Ontology’s investment in Blocery
The post by Ontology says that the company has invested in Blocery and will provide access for developing apps on the Ontology blockchain.
Offering users to buy groceries via its DApp, Blocery sees a real use-case for Distributed Ledger Technology (DLT) when it could actually work for the daily needs of customers. The company is focussed on changing people’s daily lives before changing the world- the blog post states.
The new Supply Chain Solution (SCF) will allow vendors to receive cash from investors and the e-commerce solution will enable users to pre-purchase groceries through smart contracts even before they are harvested.
Blocery’s parent company, Ezfarm, originates from South Korea and has been working in the agricultural tech sphere for twenty years.
An Ontology Co-Founder- Andy JI, has commented on this alliance,
“Blocery is an interesting case that has survived the winter of the blockchain industry with its strong agricultural background within its local market. Its supply chain finance business model would thrive in the DeFi ecosystem of Ontology.”