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© 2017 Full Profile Pty Ltd
w
B R I N G I N G T R U S T A N D T R A N S PA R E N C Y T O A G R I C U LT U R E
Technology as essential market
infrastructure: building trusted and
world-leading supply chains
Ukraine Commodity Market
Development Conference
Kyiv, 5 December 2017
Emma Weston
Chief Executive Officer 1
© 2017 Full Profile Pty Ltd
Connecting farmers, buyers, and financiers on the world’s first
integrated commodity management and supply chain finance
platform for the agricultural sector
WHO WE ARE
 Founded 2015
 Based in Sydney, Australia
 Recognised industry innovator
 Leader in agri blockchain
solutions
2
© 2017 Full Profile Pty Ltd
FARMERS
don’t get paid for
what they deliver
when they deliver
BUYERS
no access to
automated supply
chain finance
CONSUMERS
don’t know where
their food comes
from
THREE BIG PROBLEMS AFFECTING
OUR GLOBAL AGRI SUPPLY CHAINS
3
© 2017 Full Profile Pty Ltd
SUPPLY CHAIN IMPACTS
INSOLVENCY
LACK OF
TRANSPARENCY
FINANCIAL
RISK
FRAUD
COUNTERFEIT
GOODS
4
© 2017 Full Profile Pty Ltd
5
WHAT WE BELIEVE
Agri-supply chain participants should be able
to buy and sell with confidence
Financiers & market particpants should have
live, accurate and verifiable asset valuations
Buyers and consumers should
know and be able to verify the provenance
of the commodity
© 2017 Full Profile Pty Ltd
6
TODAY’S SUPPLY CHAINS
Data
Flows
Financial
Flows
Trade
Flows
1 2
© 2017 Full Profile Pty Ltd
7
TOMORROW’S DIGITAL SUPPLY
CHAINS
Data
Flows
Trade,
Financial
& Data
Flows
1 2
© 2017 Full Profile Pty Ltd
8
BLOCKCHAIN FOR GLOBAL AGRI
SUPPLY CHAINS
2016
World’s first
settlement of a
physical
commodity on a
blockchain 2017
Digital title and
provenance for
agri-commodities
Programmable
Assets and
seamless value
exchange
2018
Launch of
blockchain
protocol for the
global trading and
supply of agri-
commodities and
value-added
agricultural goods
Starting with blockchain, smart contracts and initial integrations with
weighbridges we are moving quickly to programmable and smart
assets with IoT integration to develop a comprehensive protocol for
globally traded and financed commodities on a blockchain
© 2017 Full Profile Pty Ltd
BLOCKCHAIN PILOT 2016
9
© 2017 Full Profile Pty Ltd
• Digital title token
created on blockchain
• Delivery v payment
• Remove counterparty
risk
• Secure and transparent
provenance and
traceability
• Increasing efficiencies
• Data integrity
AGRIDIGITAL & CBH GROUP PILOT
10
© 2017 Full Profile Pty Ltd
Payment
Title Transfer
DIGITAL TITLE
• Generated digital title to the grain on delivery at site
• Digital title token held by the grower in their digital wallet
• Payment and title transfer occurred in an atomic
transaction
• Data stored across the network but details only visible to
parties involved
• Single data entry into AgriDigital platform and seamless
integration with optimised blockchain
11
© 2017 Full Profile Pty Ltd
PROVENANCE
• Trace a run of organic oats from farm gate through to a
retail consumer on a private Quorum chain
• Recorded assertions relating to the oats and batch run
through processing and production
• Analysed the assertions to produce a confirmation
whether or not the oats were organic at the point of sale to
consumer
• QR code generated to be attached to retail product
12
© 2017 Full Profile Pty Ltd
THE FUTURE OF COMMODITIES
• Digital title (chain of ownership & custody)
• Real-time payments
• Provenance and traceability from farmer to consumer
• Real time event-driven supply chain finance and
• Automated workflows and documentation
• Digital identity of people and things
13
© 2017 Full Profile Pty Ltd
w
B R I N G I N G T R U S T A N D T R A N S PA R E N C Y T O A G R I C U LT U R E
THANK YOU
Emma Weston
Chief Executive Officer
@emmamweston
emma.weston@agridigital.
Henry McKay
Sales & Customer Success
Executive
@henrycmckay 14
© 2017 Full Profile Pty Ltd
D I S C L A I M E R
T h e m a t e r i a l i n t h i s p r e s e n t a t i o n h a s b e e n p r e p a r e d b y F u l l P r o f i l e P t y L t d
A B N 1 3 6 0 8 1 2 5 5 9 7 ( F u l l P r o f i l e )
a n d i s g e n e r a l b a c k g r o u n d i n f o r m a t i o n a b o u t F u l l P r o f i l e ’ s a c t i v i t i e s c u r r e n t
a s a t t h e d a t e o f t h i s p r e s e n t a t i o n .
T h i s i n f o r m a t i o n i s g i v e n i n s u m m a r y f o r m a n d d o e s n o t p u r p o r t t o b e
c o m p l e t e .
I n f o r m a t i o n i n t h i s p r e s e n t a t i o n , i n c l u d i n g f o r e c a s t f i n a n c i a l i n f o r m a t i o n ,
s h o u l d n o t b e c o n s i d e r e d a s a d v i c e o r a r e c o m m e n d a t i o n t o i n v e s t o r s o r
p o t e n t i a l i n v e s t o r s i n r e l a t i o n t o h o l d i n g , p u r c h a s i n g o r s e l l i n g s e c u r i t i e s
o r o t h e r f i n a n c i a l p r o d u c t s o r i n s t r u m e n t s a n d d o e s n o t t a k e i n t o a c c o u n t
y o u r p a r t i c u l a r i n v e s t m e n t o b j e c t i v e s , f i n a n c i a l s i t u a t i o n o r n e e d s . B e f o r e
a c t i n g o n a n y i n f o r m a t i o n y o u s h o u l d c o n s i d e r t h e a p p r o p r i a t e n e s s o f t h e
i n f o r m a t i o n h a v i n g r e g a r d t o t h e s e m a t t e r s , a n y r e l e v a n t o f f e r d o c u m e n t a n d
i n p a r t i c u l a r , y o u s h o u l d s e e k i n d e p e n d e n t f i n a n c i a l a d v i c e . A l l s e c u r i t i e s
a n d f i n a n c i a l p r o d u c t o r i n s t r u m e n t t r a n s a c t i o n s i n v o l v e r i s k s , w h i c h
i n c l u d e ( a m o n g o t h e r s ) t h e r i s k o f a d v e r s e o r u n a n t i c i p a t e d m a r k e t ,
f i n a n c i a l o r p o l i t i c a l d e v e l o p m e n t s a n d , i n i n t e r n a t i o n a l t r a n s a c t i o n s ,
c u r r e n c y r i s k .
T h i s p r e s e n t a t i o n m a y c o n t a i n f o r w a r d l o o k i n g s t a t e m e n t s i n c l u d i n g
s t a t e m e n t s r e g a r d i n g o u r i n t e n t , b e l i e f o r c u r r e n t e x p e c t a t i o n s w i t h r e s p e c t
t o F u l l P r o f i l e ’ s b u s i n e s s e s a n d o p e r a t i o n s , m a r k e t c o n d i t i o n s , r e s u l t s o f
o p e r a t i o n a n d f i n a n c i a l c o n d i t i o n , c a p i t a l a d e q u a c y , s p e c i f i c p r o v i s i o n s a n d
r i s k m a n a g e m e n t p r a c t i c e s . R e a d e r s a r e c a u t i o n e d n o t t o p l a c e u n d u e
r e l i a n c e o n t h e s e f o r w a r d l o o k i n g s t a t e m e n t s . F u l l P r o f i l e d o e s n o t
u n d e r t a k e a n y o b l i g a t i o n t o p u b l i c l y r e l e a s e t h e r e s u l t
o f a n y r e v i s i o n s t o t h e s e f o r w a r d l o o k i n g s t a t e m e n t s t o r e f l e c t e v e n t s o r
c i r c u m s t a n c e s a f t e r t h e d a t e h e r e o f t o r e f l e c t t h e o c c u r r e n c e o f
u n a n t i c i p a t e d e v e n t s . W h i l e d u e c a r e h a s b e e n u s e d i n t h e p r e p a r a t i o n o f
f o r e c a s t i n f o r m a t i o n , a c t u a l r e s u l t s m a y v a r y i n a m a t e r i a l l y p o s i t i v e o r
n e g a t i v e m a n n e r . F o r e c a s t s a n d h y p o t h e t i c a l e x a m p l e s a r e s u b j e c t t o
u n c e r t a i n t y a n d c o n t i n g e n c i e s o u t s i d e F u l l P r o f i l e ’ s c o n t r o l . P a s t
p e r f o r m a n c e i s n o t a r e l i a b l e i n d i c a t i o n o f f u t u r e p e r f o r m a n c e .
A g r i D i g i t a l i s a b u s i n e s s n a m e a n d d o m a i n o w n e d b y F u l l P r o f i l e .
15

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Technology Enabling Trusted and Transparent Global Agriculture Supply Chains

  • 1. © 2017 Full Profile Pty Ltd w B R I N G I N G T R U S T A N D T R A N S PA R E N C Y T O A G R I C U LT U R E Technology as essential market infrastructure: building trusted and world-leading supply chains Ukraine Commodity Market Development Conference Kyiv, 5 December 2017 Emma Weston Chief Executive Officer 1
  • 2. © 2017 Full Profile Pty Ltd Connecting farmers, buyers, and financiers on the world’s first integrated commodity management and supply chain finance platform for the agricultural sector WHO WE ARE  Founded 2015  Based in Sydney, Australia  Recognised industry innovator  Leader in agri blockchain solutions 2
  • 3. © 2017 Full Profile Pty Ltd FARMERS don’t get paid for what they deliver when they deliver BUYERS no access to automated supply chain finance CONSUMERS don’t know where their food comes from THREE BIG PROBLEMS AFFECTING OUR GLOBAL AGRI SUPPLY CHAINS 3
  • 4. © 2017 Full Profile Pty Ltd SUPPLY CHAIN IMPACTS INSOLVENCY LACK OF TRANSPARENCY FINANCIAL RISK FRAUD COUNTERFEIT GOODS 4
  • 5. © 2017 Full Profile Pty Ltd 5 WHAT WE BELIEVE Agri-supply chain participants should be able to buy and sell with confidence Financiers & market particpants should have live, accurate and verifiable asset valuations Buyers and consumers should know and be able to verify the provenance of the commodity
  • 6. © 2017 Full Profile Pty Ltd 6 TODAY’S SUPPLY CHAINS Data Flows Financial Flows Trade Flows 1 2
  • 7. © 2017 Full Profile Pty Ltd 7 TOMORROW’S DIGITAL SUPPLY CHAINS Data Flows Trade, Financial & Data Flows 1 2
  • 8. © 2017 Full Profile Pty Ltd 8 BLOCKCHAIN FOR GLOBAL AGRI SUPPLY CHAINS 2016 World’s first settlement of a physical commodity on a blockchain 2017 Digital title and provenance for agri-commodities Programmable Assets and seamless value exchange 2018 Launch of blockchain protocol for the global trading and supply of agri- commodities and value-added agricultural goods Starting with blockchain, smart contracts and initial integrations with weighbridges we are moving quickly to programmable and smart assets with IoT integration to develop a comprehensive protocol for globally traded and financed commodities on a blockchain
  • 9. © 2017 Full Profile Pty Ltd BLOCKCHAIN PILOT 2016 9
  • 10. © 2017 Full Profile Pty Ltd • Digital title token created on blockchain • Delivery v payment • Remove counterparty risk • Secure and transparent provenance and traceability • Increasing efficiencies • Data integrity AGRIDIGITAL & CBH GROUP PILOT 10
  • 11. © 2017 Full Profile Pty Ltd Payment Title Transfer DIGITAL TITLE • Generated digital title to the grain on delivery at site • Digital title token held by the grower in their digital wallet • Payment and title transfer occurred in an atomic transaction • Data stored across the network but details only visible to parties involved • Single data entry into AgriDigital platform and seamless integration with optimised blockchain 11
  • 12. © 2017 Full Profile Pty Ltd PROVENANCE • Trace a run of organic oats from farm gate through to a retail consumer on a private Quorum chain • Recorded assertions relating to the oats and batch run through processing and production • Analysed the assertions to produce a confirmation whether or not the oats were organic at the point of sale to consumer • QR code generated to be attached to retail product 12
  • 13. © 2017 Full Profile Pty Ltd THE FUTURE OF COMMODITIES • Digital title (chain of ownership & custody) • Real-time payments • Provenance and traceability from farmer to consumer • Real time event-driven supply chain finance and • Automated workflows and documentation • Digital identity of people and things 13
  • 14. © 2017 Full Profile Pty Ltd w B R I N G I N G T R U S T A N D T R A N S PA R E N C Y T O A G R I C U LT U R E THANK YOU Emma Weston Chief Executive Officer @emmamweston emma.weston@agridigital. Henry McKay Sales & Customer Success Executive @henrycmckay 14
  • 15. © 2017 Full Profile Pty Ltd D I S C L A I M E R T h e m a t e r i a l i n t h i s p r e s e n t a t i o n h a s b e e n p r e p a r e d b y F u l l P r o f i l e P t y L t d A B N 1 3 6 0 8 1 2 5 5 9 7 ( F u l l P r o f i l e ) a n d i s g e n e r a l b a c k g r o u n d i n f o r m a t i o n a b o u t F u l l P r o f i l e ’ s a c t i v i t i e s c u r r e n t a s a t t h e d a t e o f t h i s p r e s e n t a t i o n . T h i s i n f o r m a t i o n i s g i v e n i n s u m m a r y f o r m a n d d o e s n o t p u r p o r t t o b e c o m p l e t e . I n f o r m a t i o n i n t h i s p r e s e n t a t i o n , i n c l u d i n g f o r e c a s t f i n a n c i a l i n f o r m a t i o n , s h o u l d n o t b e c o n s i d e r e d a s a d v i c e o r a r e c o m m e n d a t i o n t o i n v e s t o r s o r p o t e n t i a l i n v e s t o r s i n r e l a t i o n t o h o l d i n g , p u r c h a s i n g o r s e l l i n g s e c u r i t i e s o r o t h e r f i n a n c i a l p r o d u c t s o r i n s t r u m e n t s a n d d o e s n o t t a k e i n t o a c c o u n t y o u r p a r t i c u l a r i n v e s t m e n t o b j e c t i v e s , f i n a n c i a l s i t u a t i o n o r n e e d s . B e f o r e a c t i n g o n a n y i n f o r m a t i o n y o u s h o u l d c o n s i d e r t h e a p p r o p r i a t e n e s s o f t h e i n f o r m a t i o n h a v i n g r e g a r d t o t h e s e m a t t e r s , a n y r e l e v a n t o f f e r d o c u m e n t a n d i n p a r t i c u l a r , y o u s h o u l d s e e k i n d e p e n d e n t f i n a n c i a l a d v i c e . A l l s e c u r i t i e s a n d f i n a n c i a l p r o d u c t o r i n s t r u m e n t t r a n s a c t i o n s i n v o l v e r i s k s , w h i c h i n c l u d e ( a m o n g o t h e r s ) t h e r i s k o f a d v e r s e o r u n a n t i c i p a t e d m a r k e t , f i n a n c i a l o r p o l i t i c a l d e v e l o p m e n t s a n d , i n i n t e r n a t i o n a l t r a n s a c t i o n s , c u r r e n c y r i s k . T h i s p r e s e n t a t i o n m a y c o n t a i n f o r w a r d l o o k i n g s t a t e m e n t s i n c l u d i n g s t a t e m e n t s r e g a r d i n g o u r i n t e n t , b e l i e f o r c u r r e n t e x p e c t a t i o n s w i t h r e s p e c t t o F u l l P r o f i l e ’ s b u s i n e s s e s a n d o p e r a t i o n s , m a r k e t c o n d i t i o n s , r e s u l t s o f o p e r a t i o n a n d f i n a n c i a l c o n d i t i o n , c a p i t a l a d e q u a c y , s p e c i f i c p r o v i s i o n s a n d r i s k m a n a g e m e n t p r a c t i c e s . R e a d e r s a r e c a u t i o n e d n o t t o p l a c e u n d u e r e l i a n c e o n t h e s e f o r w a r d l o o k i n g s t a t e m e n t s . F u l l P r o f i l e d o e s n o t u n d e r t a k e a n y o b l i g a t i o n t o p u b l i c l y r e l e a s e t h e r e s u l t o f a n y r e v i s i o n s t o t h e s e f o r w a r d l o o k i n g s t a t e m e n t s t o r e f l e c t e v e n t s o r c i r c u m s t a n c e s a f t e r t h e d a t e h e r e o f t o r e f l e c t t h e o c c u r r e n c e o f u n a n t i c i p a t e d e v e n t s . W h i l e d u e c a r e h a s b e e n u s e d i n t h e p r e p a r a t i o n o f f o r e c a s t i n f o r m a t i o n , a c t u a l r e s u l t s m a y v a r y i n a m a t e r i a l l y p o s i t i v e o r n e g a t i v e m a n n e r . F o r e c a s t s a n d h y p o t h e t i c a l e x a m p l e s a r e s u b j e c t t o u n c e r t a i n t y a n d c o n t i n g e n c i e s o u t s i d e F u l l P r o f i l e ’ s c o n t r o l . P a s t p e r f o r m a n c e i s n o t a r e l i a b l e i n d i c a t i o n o f f u t u r e p e r f o r m a n c e . A g r i D i g i t a l i s a b u s i n e s s n a m e a n d d o m a i n o w n e d b y F u l l P r o f i l e . 15