American Bext uses Block chain Technology to improve Global Coffee supply chain
Bext360 wants to use AI, blockchain and Internet of things technologies to increase the income of coffee farmers around the world. Agence France-Presse
Us startup Bext360 is using artificial intelligence (AI), blockchain (blockchain) and the Internet of things (IoT) to reform the global coffee supply chain to increase the income of coffee farmers.
Coffee is the second largest commodity in the world, with a market size of US $100 billion, according to CryptoCoinsNews and VentureBeat. But the trade in coffee beans is so unfair that coffee farmers in developing countries have to accept low-cost acquisitions and delay payments. At present, there are millions of coffee farmers in the world. According to the World Bank (World Bank), coffee farmers make meagre profits, with many small farmers living on less than $2 a day.
On the other hand, coffee lovers around the world pay more and more attention to the transparency of the coffee supply chain. Bext360 uses Stellar.org 's blockchain technology to bring transparency to the coffee supply chain, recording transactions of coffee beans in real time and ensuring fair payments.
Daniel Jones, founder and CEO of Bext360, said coffee lovers will also want to know where the coffee they drink comes from and whether the sellers of the beans get a reasonable price. Jones points out that consumers want to know the origin of their products more than ever before. But in general, it is expensive for Fairtrade groups to track raw materials. They use inaccurate basic tracking mechanisms, while coffee farmers may still be exploited.
Bext360 uses machine learning and AI technology to develop an automatic coffee bean recycling machine, which can instantly judge the quality of coffee beans. The machine uses optical screening to evaluate coffee fruits and beans and grade them according to their quality.
Coffee farmers can use Action App to check the grade of coffee beans and accept the buyer's purchase offer. With the support of the Stellar blockchain trading platform, the App will pay coffee farmers immediately. In contrast, coffee farmers had to hand over the beans to the buyer for manual inspection and grading before they could get the money for a few months.
Bext360 uses distributed real-time trading protocols such as Stellar networks to record timestamps, values, or amounts, so it can process transactions accurately. Traders, farmers and cooperatives involved in the transaction can all view the relevant information transparently through the Stellar network.
Bext360 will deploy a coffee bean recycling machine to collect and analyze coffee beans and immediately pay coffee farmers according to their quality. Bext360's machine analyzes and collects coffee beans and pays for them through direct bank loans.
In addition to payment, the Bext360 platform can also collect critical data. For example, Bext360 machines can also collect data on the quality and efficiency of coffee cultivation and analyze supply chain dynamics in real time to create new business opportunities and improve supply chain efficiency.
It is worth mentioning that there are more and more cases of applying blockchain technology to the humanitarian field. For example, the World Food Programme (World Food Programme; WFP) announced in March that it was using the Ethernet Square (Ethereum) blockchain to distribute cash assistance to the world's most food-hungry families. Through the use of this technology, WFP can effectively and safely provide assistance to those in need.
- Prev
High CP value! Buy coffee beans and send coffee machine coffee products are highly recommended
There will be a hint of charcoal in the mouth, followed by a fruity aroma, followed by a hint of flowers in the throat, and finally a hint of coffee. Liao Yujing details the rich levels of her coffee after roasting. She, who has keen taste buds, always raises the corners of her mouth and brightens her eyes every time she talks about roasting coffee, from palpitations when drinking coffee, dislike coffee to falling in love with coffee. Experience.
- Next
Learn the Coffee textual Research and pull the car Company Business
Du Suqin (first from right) attends a fashion beverage training course to learn beverage preparation skills. (provided by the Ministry of Labor) du Suqin, which sold its own bicycles and spare parts in Miaoli, because the business declined after the store moved and was encouraged by cyclists, signed up for the fashion beverage training course of the industrial talent investment program of the Ministry of Labor. After 3 months of training, he sold coffee in the bicycle store and successfully combined it.
Related
- Can you make coffee with 5g of beans? What is the minimum number of grams of coffee beans used for hand-brewed coffee? What brewing plan should I use for less flour?
- Why do Japanese people like to make coffee with flannel? What is the difference between flannel filter cloth and filter paper cup? What are the characteristics of flannel filter cloth for making coffee?
- A coffee shop drives customers out on the spot?! Store: No Chinese people are accepted
- Children suffocated and died after drinking pearl milk tea! Parents: The store did not inform the risk
- Can I put a thermos in a thermos pot to keep my coffee warm? Why does coffee not taste so good after it cools down? What is the most suitable amount of milk for latte?
- How to make coffee cream? Do I have to use instant powder for 400 hand-made coffee? What is the composition of coffee cream in Naples coffee?
- What is an authentic cappuccino? How to make cappuccino golden circles? What is the ratio of coffee to milk in a cappuccino?
- Can espresso beans be used to make hand-brewed coffee? What is the difference between Italian mixed beans and hand-made single beans? What are the characteristics of SOE coffee beans?
- Big battle! Mixue Ice City has opened three stores in the United States?!
- Lucky launches rice milk latte! Netizen: After drinking it, I thought I bought it an ordinary latte