A block chain-based trading platform is to ensure the economic existence of India’s coffee farmers: After a rough Start in March, the new season without middle men begins.
By Anna Shemyakova
12. November 2019BTC $ 8,751.01 0.43%part Facebook Twitter LinkedIn xing mail
India wants a fair wage for the coffee farmers, only earn one to two cents to each Cup. Between the farmers, exporters, roasters and traders, groups of middle-men involved in the profit often.
you make contracts with buyers, and collect five to ten percent of the profits. In part, the farmers deliver their coffee to middle men to be paid, since most of the farmers have no bearing,
as it in the Indian magazine “Down to Earth”.
middle men take advantage of farmers from
This is a Problem, the state regulatory authority, Coffee Board of India was known, which it launched in March, a block chain-based trading platform. The goal was precisely these “middle men” and to link the farmers directly with exporters. What worked in theory failed in reality, Only 23 of the 350,000 coffee growers of India took part in the project. So 100 tons of coffee, ran on the platform of the 320,000 are produced annually.
played But also the season of a role: India’s coffee harvest runs between November and March. The digital marketplace opened at the end of the season. Only now, half a year later, comes the first success in the world: 30,000 coffee farmers want to use the platform for the current season. As you will see in the spring of 2020, how much of the 0.3 of a year produced tonnes of Indian coffee guarantees a fair wage for the farmers.
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Except for the coffee farmers are also registered exporters, roasters and international buyers on the platform and use the App or the Online platform. Without middle men, it should be for the farmers to double their income, because they connect directly with buyers. Block chain-based money transactions are, however, not an issue, thanks to the harsh Position of the Indian government towards Bitcoin & co.:
crypto-currencies are banned in India, therefore, we can unfortunately no financial transactions on the Blockchain to run,
Venkat Reddy of Coffee Board of India, which has developed the System together with the company Eka Software Solutions says. This use, however, Ethereum-based Smart Contracts for Deals between farmers and buyers.
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