CONSENSYS
CONSENSYS, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. CONSENSYS collaboration with software players such as Covantis empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| CONSENSYS | Covantis | Covantis Platform | Blockchain Platform | Blockchain |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
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Archer Daniels Midland Company | Manufacturing | 42383 | $85.5B | United States | Covantis | Covantis Platform | Blockchain Platform | 2021 |
In 2021, Archer Daniels Midland Company implemented the Covantis Platform, a Blockchain Platform, as a founding member and initial user to digitize post-trade execution and shipment processes for bulk agricultural commodities in Brazil. The Covantis Platform was adopted to address post-trade trade execution workflows and shipment document handling, targeting improved trade execution efficiency and reduced operational risk.
Implementation focused on shipment execution and document handling capabilities consistent with the Covantis Platform rollout in Brazil, with inferred module usage including Voyages and eBL for voyage management and electronic bill of lading processes. Configuration emphasized shared ledger transaction records, permissioned access controls, and smart contract style orchestration for settlement related steps, aligning with Blockchain Platform functional models for post-trade and logistics orchestration.
Consensys served as the lead technology partner for the project, providing platform engineering and consortium network setup during the Brazil-focused launch and onboarding. Operational coverage centered on ADM trade operations, logistics and shipping teams in Brazil, with interfaces expected to be implemented as standard API and message exchange patterns between participant systems and the Covantis distributed ledger.
Governance was implemented through a consortium model led by founding members, with staged onboarding and role based access controls to enforce transactional workflows and document custody policies. The program preserved focus on post-trade execution and shipment processes, with outcomes described as targeted improvements in trade execution efficiency and reductions in operational risk for bulk agricultural commodity movements.
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Bunge | Consumer Packaged Goods | 23000 | $53.1B | United States | Covantis | Covantis Platform | Blockchain Platform | 2021 |
In 2021, Bunge was announced as a founding member and initial user of the Covantis Platform. The Covantis Platform is a Blockchain Platform launched to automate grain and oilseed post-trade execution processes, with the initial rollout timed to the Brazilian export season.
The implementation emphasis for Bunge centered on post-trade execution workflows, specifically inferred module usage for shipment execution and electronic documents based on the platform scope described at launch. Configuration work was aligned to consortium-grade ledger capabilities, smart contract orchestration for process automation, and immutable recordkeeping to support cross-party document exchange and shipment lifecycle events.
Covantis identified ConsenSys as a key technology partner, with Microsoft Azure and Cognizant also named as platform technology and services partners; ConsenSys is listed as the implementation partner. The deployment architecture used cloud infrastructure and partner services to host consortium nodes and support secure, permissioned access for trading counterparties and logistics participants.
Operational coverage for Bunge focused on trading and logistics functions related to Brazilian exports of grains and oilseeds, with governance structured around consortium membership and shared operational rules for electronic documents and shipment execution. Rollout sequencing was aligned to the export season timing to enable initial live transaction processing under the Covantis Platform Blockchain Platform model.
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Cargill | Consumer Packaged Goods | 155000 | $154.0B | United States | Covantis | Covantis Platform | Blockchain Platform | 2021 |
In 2021 Cargill implemented the Covantis Platform, a Blockchain Platform. Cargill acted as a founding member and early user of the Covantis Platform, deploying the solution to modernize post-trade operations and shipment execution for agricultural commodity exports originating in Brazil and moving to global destinations.
The implementation used Covantis Platform modules for shipment execution and eBL document handling as described in Covantis launch materials and onboarding statements. Configuration focused on workflow orchestration for post-trade processes, shipment lifecycle management, and document custody, leveraging distributed ledger capabilities inherent to the Blockchain Platform to create a single source of transaction truth across counterparties.
ConsenSys served as the platform's lead technology partner for the Covantis Platform implementation and supported platform technology and onboarding. Operational coverage emphasized export trade operations and logistics teams, aligning trade operations, shipment documentation, and post-trade administration under a common governance model on the Blockchain Platform.
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Buyer Intent: Companies Evaluating CONSENSYS Services
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