Spanish company sends olive oil to the blockchain with smart contract quality control

Spain is the world’s largest olive oil producer, producing one million tons of it each year. With a market that big, it was only a matter of time before someone thought about tokenising it. On a less cynical note, two of the biggest problems in the commodity supply chain are price volatility and quality control. Olivacoin hopes to solve both issues for the olive oil industry with its ICO, launching tomorrow.