Blocery, blockchain based trusted food supply chain management solution provider, is pleased to announce the closing of the $1.5M strategic investment by GBIC.
The investment was led by GBIC, a global crypto fund that furthers the development, acceleration and launch of blockchain projects. GBIC is a multi-strategy crypto fund with offices in NY, Shanghai and Seoul.
GBIC has invested in many well known projects such as Oasis Labs, Theta, Ankr, Icon, and 50 other projects.
With the recent R&D partnership with global blockchain protocol IOST, the investment by GBIC will help Blocery to develop and grow its business into a global blockchain tech company. Blocery is a blockchain startup that has cemented itself as a force to reckon with in the agro-tech space. Blocery has been working toward its aim to simplify the Agri supply chain with the South Korean government since 2017 and its parent company, Ezfarm is an agricultural start-up with sales in excess of $10 million.
In essence, Blocery is a blockchain and grocery service firm that leverages blockchain technology for agricultural products to solve the current problems associated with the distribution of goods in the supply chain. Further, Blocery’s parent company, Ezfarm, employs more than 80 employees and has a separate blockchain division to implement blockchain technology in the agriculture industry with blockchain patents.
