BanQu Launches Trailblazing Partnership with Anheuser-Busch InBev to Revolutionize Supply Chain Transparency in Zambia
The partnership is focused on creating transparency and traceability in the cassava crop value chain by providing economic empowerment to 2,000 of the region’s small-scale farmers.
BanQu has developed the first-ever, blockchain economic- identity technology solution that enables a secure, immutable platform and creates economic opportunities for small-scale farmers in Africa. Leading brands looking to improve supply chain management, and enhance ROI through asset provenance, have leaped at the company’s for-profit/for-purpose blockchain-as-a-service software.
In June 2018, BanQu piloted a new partnership with the world’s largest brewer, Anheuser-Busch InBev, working to connect 2,000 Zambian farmers to the mobile platform as they harvest and sell a projected 2,000 tonnes of cassava, producing a high-quality starch used in beer—by the end of Zambia’s growing season in August.
“This is one of the most exciting programs to be involved with. The scope and empowerment that the platform provides to the Small Holder is exceptional and I look forward to seeing the implementation of the project, from pilot to our full time buying platform.” – Zambian Breweries Agricultural Manager, Chris Nicolle
“Since 60% of the 2.7 billion unbanked and underbanked people already own mobile phones, these devices make the best platform for these people to connect to the global economy,” said BanQu Founder and CEO Ashish Gadnis. “BanQu is enabling the democratization of data, money, and eventually power, while delivering a distinct business advantage to global brands like Anheuser-Busch InBev and their localized brand, Zambian Breweries, who believe in an inclusive agricultural model. Our goal is to strengthen this partnership across multiple crops and countries setting up a long-term, sustainable and responsible supply chain that directly benefits the small-scale farmers in the world.”