How Blockchain Benefits the Coffee Supply Chain
Blockchain in Coffee Supply Chain- Enabling Traceability From Farm to Cup
Did you know that coffee is the most beloved beverage on the planet?
With over 2 billion cups consumed daily, it can be said that the world runs on caffeine.
However, what you might not know is that the economic impact of coffee production and its consumption is less than ideal for farmers, particularly in the developing regions of the world. Interestingly, that’s where most of the coffee production takes place with South America, Central America, Middle East, Africa, and Southeast Asia accounting for 90% of the global coffee production.
Here, the market access to coffee is limited, prices can be unreliable and make it a more difficult industry to rely on. In line with this, many coffee firms profess to be fair trade but whose actions aren’t as ethical as they purport to be, leaving the framers with a large number of problems, including lower prices for growers, less sustainability, a lack of transparency, and so on.
But, there’s room for improvement with the advent of game-changing technologies. Harnessing the blockchain technology can disrupt the standards of the existing coffee supply chain with the potential of increasing transparency and efficiency in the coffee supply chain. Moreover, farmers and coffee suppliers can be fairly compensated and sustainable methods can be upheld to grow & trade.
We at Debut Infotech are one of the innovative leaders in this domain. As a full-fledged blockchain development company, we can customize disruptive coffee supply chain solutions powered by blockchain for your enterprise.
How blockchain brings new levels of transparency to the coffee supply chain? Create a digital identity for every coffee bean
With the help of blockchain technology, it is possible to generate a digital identity for a product, like a cup of coffee, that includes details about the farm it came from, the sort of bean it is, the harvest date, the quality of the bean, and so on. The immutability of the blockchain ensures the integrity of the data, making this method of coffee provenance tracking secure and open to public scrutiny.Ensure fair prices for coffee farmers
Lack of transparency and unethical dealings are the hallmarks of the coffee industry’s supply chain. Blockchain technology, on the other hand, allows for the monitoring and verification of each transaction, making sure that coffee farmers get paid fairly for their goods.Strengthen the coffee industry’s supply chain for maximum efficiency
Distributed ledger technology (blockchain) allows all parties involved in a supply chain to access data in real-time, eliminating the need for intermediaries and the associated costs and delays. That way, the coffee gets to the customer quickly and intact.Why Debut Infotech to build a transparent and sustainable coffee supply chain ecosystem?
Being a pioneering blockchain development company for more than a decade now, Debut Infotech is one of the finest blockchain-driven coffee supply chain development enterprises reinventing the technological landscape with avant-garde technologies. Having a team of 100+ developers, marketers, and product managers to handle projects of the biggest of scales.
On top of this, we have had experience in deploying iFinca a blockchain-powered coffee supply chain solution for a client, which makes use of blockchain to increase transparency & traceability in the coffee supply chain. The development of the project aimed to fill the gap in the coffee supply chain.
In addition to this, Debut Infotech has developed CropChain, a white-label blockchain in agriculture solution, which uses hyperledger fabric blockchain to offer enterprise-grade traceability in the food supply chain. This way, the solution helps to eliminate the inefficiencies of a traditional supply chain model.
Therefore, if you want to deploy a blockchain-based coffee supply chain, schedule a call with our dedicated team of blockchain experts now to discuss your project requirements.