GFC
GFC
Token: GFC


Greek Food Corridors We are the Next Generation Cloud base electronic Auction infrastructure in Greece and the Balkans for Fruit & Vegetables and Olive Oil, synchronized with a Commodity Exchange market for Futures contracts (Fiat & crypto-currency).

ICO dates
Start date: 2018-03-05
End date:

Registrated in: Greece

Platform: Ethereum
Type: ERC20

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GFC categories
Infrastructure Platform Retail
GFC whitepaper
GFC token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 15233
Hard cap 15233
Tokens for sale 50,000,000
Token distribution in ICO
50%
50%
Sold tokens 5000000
Acceppting ETH

GFC e- Auctions in Greece & The Balkans: Bringing supply and demand together!
We are creating an e-auction platform for Agri-commodities in Greece and the Balkan peninsula, and networking it with the production & consumption sites to enable farmers and growers to sell their produce in a coordinated and fair manner. 

To date, in the agricultural sector of Greece & the Balkan Peninsula, Albania, RMC, SDerbia, Croatia... the producer is far from the consumer. Greek & Balkan producers are not in a position to control the price because of the monopolization of the market.

GFC knows how to solve the problem!
GFC infrastructure ensures transparency and fairness of demand and supply, forming the right price for suppliers and buyers through  GFC electronic auction for the sale of fruits, vegetables and Olive Oil. Traders will bid online from anywhere in the world, and farmers will receive a fair price for their products on the same day. This will lead to a "scientific" price discovery by farmers themselves, breaking the hold of middlemen.The auction clock multitrading system is an instrument which will find the correct market price, a price discovery mechanism based on actual demand. This is unknown in Greece & the Balkans at the moment and can change a lot when introducing into the market. 

Brief description of concept

The design of GFC’s concept is the setting up of a cloud base central auction system in Athens & Bruges networked with multiple National & International sub auction markets, call them the “dealing rooms”, in which various Fruit & Vegetable lots are sold to the highest bidder using a web clock auction system. You have 1 cloud base central server system which communicates with all the National & International certified regionally depots involved in selling the products. In each depot, supplied products are registered with their product characteristics and the right storage location with the dates of receipt indicated. These data are centrally stored. Our selling parties enter the supply they want to sell on the clock system via GFC web portal after logging in successfully. In this way, we will get a certain stock, which can be sold afterwards to the “registered buyers” through the various e-auction clock sales tools. Afterwards, the information from all these transactions 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).Following the sale, the various depots get the necessary tasks and insights about who is going to load what. The back office software makes the necessary finalization of the transactions, follow-up of invoices, payments, statistical reports, etc.

GFC’s strong service points:

•           Transparency in price negotiation

•           Fair price for the producer

•           Payment the same day (reverse factoring/Finance Invoice)

•           Increased access detailed market information and to local, national and international buyers

•           Public access for negotiation of buyers and sellers on equal terms

•           Promotion of the product

•           Ensuring quality

•           Improving packaging

•           Future reference for setting a price in the Agri-commodity & Olive Oil market

•           The coordination between producers / suppliers and buyers / retailers and to the strong exchange of knowledge and cooperation.

•           GAP, good agricultural practice

•           Costs mutualisation between all the growers (eg. Fertilizer)

•           The creation of logistic centers/HUBS in strategic locations for product flow (e.g. Bruges, Belgium)

The Result: to A happy Farmer who has marketing power and direct access to International markets,  and a happy buyer who has direct access to quality products at a better price  day in day out, at the profit of end consumer!

Greek & Balkan Food Corridors: Innovation at the service of the Agricultural sector!

 


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Random whitepaper excerpts

2
GREEK FOOD CORRIDORS
E - AUCTIONS
Next Generation
implementation of an
e-Auction infrastructure
in Greece for Fruit &Veg.
and Olive Oil and sync with
a Commodity Exchange
market for Futures contracts
based on cryptocurrency...
...

3
GREEK FOOD CORRIDORS
E - AUCTIONS
Table of Contents
Introductory remarks.....................................................................................................................................5
Greek Producers & Primary Sector...........................................................................................................7
Present situation.............................................................................................................................................7
GFC e-auction platform: The Importance of its Creation................................................................7
The objectives..................................................................................................................................................9
The market volume of F&V and Olive Oil in Greece.........................................................................10
GFC Services scope.......................................................................................

5
GREEK FOOD CORRIDORS
E - AUCTIONS
The scope of this project concerns the following:
Phase I:
The creation of GFC e-auction platform & cross-docking centers/HUBS-
Implementation & Operation. The Spot market / e-NTW with the production, logistics
& processing centers / e-auction / Physical delivery / Price Index mechanism/ Clearing &
Settlement.
Phase II:
The interlinked of the new infrastructure with a Commodity Exchange market
for Futures contracts based on cryptocurrency(eg.BTC Futures,Globitex,CME,CBOE), and
the optional implementation of BTC ATMs & service points across the Nation in order to
facilitate transactions and Futures contracts between stakeholders and Buyers/Sellers.
Integration & application of Finance Invoice ensuring to the Sellers on the platform
seamless and daily clearing of transactions (eg. cashaa & Populous).
Introductory remarks
Brief description of concept
The design of GFC’s concept is the setting ...

6
GREEK FOOD CORRIDORS
E - AUCTIONS
Farmers
Multiple commodities
Buyers
Multiple commodities
Farmers
Multiple commodities
Buyers
Multiple commodities
Farmers
Multiple commodities
Buyers
Multiple commodities
Market
A1
Market
A2
Market
A3
Plug in
Market
Transactions
Plug in
Market
Transactions
Plug in
Market
Transactions
UNIFIED PLATFORM
- Registered Market
Functionaries
- E-Auctionaries
- Banking Details Payment
- Settlement
- Multiple Markets
interlinked through
GFC platform
SERVICE PROVIDERS
- Technology
- Proccessing
- Warehousing
- CQ
- Logistics
- Banking
- Human Resource
...

7
GREEK FOOD CORRIDORS
E - AUCTIONS
- Greek Producers & Primary Sector
Present situation.
Greek producers, small in economic strength, numerous and uncoordinated, are unable to
define the prices of agricultural products. They are not price-makers but price recipients
in the hands of a small number of businesses who are pricing according to their interests.
Thus, the prices paid by consumers are often 4-6 times higher than the prices received
by the producers.
The Greek Primary sector shows low competitiveness due to the high production costs
and weaknesses in the standardization, handling and marketing of agricultural products.
Structural interventions are needed in production and promotion technology level,
increasing standardization, and changing the way collectivities and group of growers (GP)
are operating in order to cover 50% of the agricultural production. The Greek agricultural
cooperatives cover only one fifth of Greek production (compared with 40% Europe),

8
GREEK FOOD CORRIDORS
E - AUCTIONS
enhance transparency in trade, bringing the producer closer to the final buyer, offering
him individuality (equal power), liquidity (product flow), product homogeneity (quality
standards & quantity) and will consolidate and improve product prices across the supply
chain. Establishing the GFC-NAP online auction and networking it in real time with its
production and consumption sites will organize, coordinate and increase sales (focusing
on exports), improving product quality standards and packing process.
GFC e-auction platform will be a huge step to empower farmers. Traders will bid online
from anywhere in the world and farmers & farmer’s association 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.
The new online National Agricultural Platform (NAP) of GFC will allow the GPs (Group of
Producers) to create economi...

9
GREEK FOOD CORRIDORS
E - AUCTIONS
The objectives are:

To streamline marketing & transaction procedures forming supply and payment chains
and make them uniform across all markets to promote efficient functioning
of the markets

To promote better marketing opportunities for farmers / sellers through online access
to more buyers / markets - Market opening and fair competition

Removing numerous intermediaries and the information asymmetry between
farmer and trader, that often outweigh the price x5 without providing
substantial services

Accessing to detailed market information & international markets

Improving the price for producers and consumers through better and real-time price
discovery based on actual demand and supply of agro-commodities, and through
transparency in auction process and direct payment guarantee

Ensuring quality

Improving packaging
The actions to b...

10
GREEK FOOD CORRIDORS
E - AUCTIONS

Introducing a high level of quality - we call it a “Regional Brand” which will
be internationally recognized and will have acquired the market confidence.

The coordination between producers / suppliers and buyers / retailers and to the strong
exchange of knowledge and cooperation.

Looking to centralize all requested analyses

Making use of European subsidies that are available for consolidating the supply.

Introducing uniform packaging as well one-way packaging as returnable packaging

Standardizing administration and guarantee payments to the growers from the sale
of the products directly in his / her account via the “Payment Guarantee” system (see
invoice factoring platform, P2P invoice Finance on the Block chain).
The new infrastructure will increase their sales & contribute to the quality and packaging
process, increasing the number of transactions & merchant...

GFC Roadmap

1
March 5, 2018
Token Launch. In order to implement GFC e-auction platform, we are offering the chance to buy GFC tokens (GFC). Token type: Utility & Asset.
2
May 2019
Pilot Operation of GFC e-auction platform.
3
April 2019
Full-scale launch.
4
September - October 2019
Phase II of project.The interlinked of the new SPOT market infrastructure with a Commodity Exchange market for Futures contracts.
Dimitri Haritos
Dimitri Haritos Project manager/CEO

Spiros Haritos
Spiros Haritos Senior Consulting in research

Nicolas Skourias
Nicolas Skourias Senior Investment & Business Development

Dimitri Konopisis
Dimitri Konopisis Chemical engineer/Quality Assurance/Supply chain engineer

Eleni Dimitrakou
Eleni Dimitrakou Export manager

Christos Paizis
Christos Paizis IT expert

Valentina Alberti
Valentina Alberti Digital manager / web portal

Volha Yakavenka
Volha Yakavenka Logistics supply chain manager

Evangelos Dimarakis
Evangelos Dimarakis Senior Olive Oil consulting

Geert Vonck
Geert Vonck CEO Aucxis Belgium

Patrick Bauwens
Patrick Bauwens BU Manager / Business & IT Development

Louis Selleslaghs
Louis Selleslaghs Senior CEO of e-Auction house BelOrta

Michael E. Bryant
Advisors Michael E. Bryant Chairman of the Advisory Board

Simon Cocking
Advisors Simon Cocking Advisor

Adrian Arora
Advisors Adrian Arora ICO Advisor & Strategist

Adrian Arora
Adrian Arora
ICO Advisor & Strategist
Founder & CEO
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Simon Cocking
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