We are creating an e-auction platform for fruit, vegetables and oliveoil and networking it with the production & consumption sites to enablefarmers and growers to sell their produce in a coordinated and fair manner.GFC-Greek Food Corridors:  Transforming the Agri-sector in Greece & India!We are the Next Generation electronicAuction infrastructure in Greece ...Read More

We are creating an e-auction platform for fruit, vegetables and oliveoil and networking it with the production & consumption sites to enablefarmers and growers to sell their produce in a coordinated and fair manner.

GFC-Greek Food Corridors:  Transforming the Agri-sector in Greece & India!

We are the Next Generation electronicAuction infrastructure in Greece & India for Fruit & Vegetables andOlive Oil, synchronized with a Commodity Exchange market for Futures contractsbased on Fiat and crypto-currency.

Concept Description:The design of GFC’s concept is the setting up of a central auctionsystem in Athens, call it the “dealing room”, in which various Fruit &Vegetable lots are sold to the highest bidder using a clock auction system. Youhave 1 central server system which communicates with all the regionally depotsinvolved in selling the products. In each depot, supplied products areregistered with their product characteristics and the right storage locationwith the dates of receipt indicated. These data are centrally stored. Ourselling parties enter the supply they want to sell on the clock system via GFCweb portal after logging in successfully. In this way, we will get a certainstock, which can be sold afterwards to the “registered buyers” through thevarious e-auction sales tools. Afterwards, the information from all thesetransactions is available on the website of GFC organization for buyers,farmers etc. After being logged in, the client can view his specific data(transactions, catalogues, statistics, and general information). After thesale, the various depots get the necessary tasks and insights about who isgoing to load what. The back office software makes the necessary finalizationof the transactions, follow-up of invoices, payments, statistical reports etc.

Bringing Supply& Demand Together!

The auction clock is an instrument whichwill find the correct market price, a price discovery mechanism based on actualdemand. This is new in Greece & India and can change a lot whenoperational. GFC e-auction platform will be a huge step to empower farmers.Traders will bid online from anywhere in the world and farmers & farmer’sassociation will have secure product flow and a fair price for their products.This will lead to “scientific” price discovery by the farmers themselves,breaking the hold of middlemen.