Technologies that fuel our product
Learn what technologies we use to superpower your transactions, allowing you to focus on next year's crop.
Discover more regarding the technology implemented to bolster farm trade operations
Smart Contracts are digital negotiations that will automatically apply the agreed upon terms when the conditions are met.
Automated Agreements
Smart contracts are digital agreements that automatically execute actions when certain conditions are met, without needing a middleman.
Tamper Proof
Once a smart contract is created and stored on a blockchain, it cannot be changed or tampered with, ensuring that the terms are always honored.
Securely Recorded
All transactions and actions performed by a smart contract are recorded on a blockchain, providing a secure way to track and verify the contract's execution.
The blockchain is a digital 'book' that keeps a record of all transactions made across multiple entities.
Decentralized Ledger
Blockchain is a digital ledger that records transactions across multiple computers, ensuring that the data is spread out and not controlled by a single entity.
Immutable Records
The blockchain is permanent. Meaning, that once data is added, it cannot be altered or deleted, providing a permanent and unchangeable record of transactions.
Enhanced Security
Blockchain uses advanced cryptographic techniques to secure data, making it nearly impossible for unauthorized parties to tamper with or hack the information.
Web 3 refers to the shift of the internet that gives users more control over their information, like owning a piece of the websites they use.
Blockchain
Completing payments on the blockchain is considered Web 3 technology as it is decentralized and allows for peer to peer transactions.
Ownership
Currently, large tech companies are able to monetize and use the data from their users. With Web3 technology, a user can benefit from their own infomration
Mobility
Web 3 technology allows for data and assets to move freely between different systems. It is this ability that we capitalize on at SumerEx to make our smart contracts seamless.
USDC is a cryptocurrency that is backed by a real world asset, the US Dollar, making transfers simple and efficient.
Exhange
One USDC will always be exchangeable for one US Dollar. This makes it a less volatile currency than other cypto coins.
Fiat-Backed
USDC is backed by reserves of actual US dollars and assets held by a financial institution, in this case, the US Treasury.
Global
With decreased volatility, one to one transfers, and institutional backing, USDC stablecoin is the reliable option for global transactions.
We blend these technologies to create a secure and easy workflow for your agriculture transactions.
Join SumerEX
We'll walk you through setting up an account with Coinbase, ensuring that your money is backed by USDC stablecoin, linked to your Escrow.
Create a Contract
Create a contract with your buyer or seller using our smart contracts, negotiating terms remotely through SumerEx.
Complete Transactions
Once the terms of a contract are met, your funds are securely transferred and permanently documented on the blockchain.
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