Garibsons (Pvt) Ltd. was featured by Rice Exchange, a blockchain distributed ledger technology (DLT) for purchasing and selling rice. Garibsons is an active seller on the Rice Exchange platform. Rice importers can trade with Garibsons by registering to use the platform.
Fuad Garib, Chief Executive of Garibsons comments: “The Rice Exchange was introduced in the 2018 TRT conference. We like the blockchain concept being introduced to the rice trade. It gives us the opportunity to conclude business with new buyers. The Rice Exchange has standardised contracts and their good due diligence procedures to bring together buyers and sellers of integrity has motivated us to start trading with new customers in a transparent and risk-free manner.”