Internet of Things to Transform Global Coffee Supply Chain
Coffee is the world's second largest commodity, with a $100 billion market. But the trade in coffee beans is so unfair that coffee farmers in developing countries have to accept low prices and delayed payments. Bext360, a U.S. startup, is using artificial intelligence, blockchain and the Internet of Things to transform the global coffee supply chain to boost coffee farmers 'incomes.
Internet of Things to Transform Global Coffee Supply Chain
Bext360, a U.S. startup, is using artificial intelligence (AI), blockchain and the Internet of Things (IoT) to transform the global coffee supply chain to boost coffee farmers 'incomes.
According to CryptoCoinsNews and VentureBeat, coffee is the second largest commodity in the world, with a market size of $100 billion. But the trade in coffee beans is so unfair that coffee farmers in developing countries have to accept low prices and delayed payments. There are millions of coffee farmers in the world, and according to the World Bank, they earn very little, with many small farmers living on less than $2 a day.
Coffee lovers worldwide, on the other hand, increasingly value transparency in the coffee supply chain. Bext360 leverages Stellar.org's blockchain technology to bring transparency to the coffee supply chain, recording coffee bean transactions in real time and ensuring fair transaction payments.
Daniel Jones, founder and CEO of Bext360, said coffee drinkers will also want to know where their coffee comes from and whether the seller of the beans is getting a reasonable price. Jones noted that consumers are more interested than ever in knowing where a product comes from. But Fairtrade groups generally have high costs in tracing raw materials. They use less accurate basic tracking mechanisms, and coffee farmers can still be exploited.
Bext360 uses IoT, machine learning and AI technology to develop an automatic coffee bean recycling machine that can judge the quality of coffee beans in real time. The machine evaluates coffee cherries and beans using optical screening and grades them according to quality.
Coffee farmers can use mobile apps to check coffee bean grades and accept buyer offers. Powered by Stellar blockchain trading platform, the App will immediately pay coffee farmers. In contrast, coffee farmers had to hand over beans to buyers, who inspected and graded them manually, and then took months to get paid.
Bext360 uses Stellar Network, a distributed real-time transaction protocol, to record timestamps, values or amounts, so transactions can be processed accurately. Traders, farmers and cooperatives involved in the transaction can view relevant data transparently through Stellar network.
Bext360 deploys coffee bean recycling machines to collect and analyze coffee beans and pay coffee farmers immediately based on quality. Bext360 machines analyze and collect coffee beans while paying for them through direct bank loans.
In addition to payments, the Bext360 platform collects critical data. For example, the Bext360 machine also collects data on the quality and efficiency of coffee growing methods and analyzes 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 (WFP) announced in March that it was using the Ethereum blockchain to distribute cash assistance to the world's most food-deprived families. By using this technology, WFP can effectively and safely deliver assistance to those in need.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
How does a coffee rookie choose the coffee pot that suits him best?
There are many kinds of coffee pots, different coffee pots require different degrees of coffee powder, the principle and taste of extracted coffee are different, the following is to explain the characteristics of each coffee pot, how to choose? American Coffee Machine American Coffee Machine is a classic trickle filter extraction; when the power is turned on, the high heat element in the coffee pot will quickly flow down from the water storage tank
- Next
The secret of the coffee prince selflessly sharing good coffee is..
Coffee Prince Fang Zhenglun went to Hualien Mizuho to teach coffee farmers to select suitable varieties and roast coffee. Reporter Chen Liting / Fang Zhenglun, the Zou nationality of Alishan, known as the prince of coffee, was invited by Hualien Mizuho Township Office to share the process of coffee cultivation and post-production today. He said that coffee has been on the road for 17 years, from not drinking coffee at all. until winning the championship coffee and even breaking out in international competitions
Related
- Can you make coffee with cola? Is hand-brewed coffee and iced coke good?
- How long will coffee beans go bad? Is the shelf life of coffee beans 12 months? How to tell if the coffee is bad?
- What is "extremely light roasted coffee"? The difference between Nordic roasted coffee and Japanese deep-roasted coffee
- Why does Ice-Drip coffee smell wine when it is left for a long time? How many days is recommended to finish drinking ice drops? Why do I feel astringent when I just made ice drops?
- Why are there so few coffee shops selling avgado? What kind of ice cream tastes good for Avgado? The origin of Affogato, the taste of making
- How to choose props for beginners in coffee pulling? What equipment do I need to teach myself latte?
- Should the direction of hand-brewed coffee circle be from inside out or from outside to inside? How to teach the size of the coffee circle
- There are many ways to make mocha pot latte. How to add milk to Mocha pot coffee is better to drink? Can a mocha pot be extracted with milk?
- Why can't the flavor of hanging ear coffee be brewed? How to control the concentration of coffee during the season?
- Barista's professional knowledge sharing: Is there a difference between latte and piccolo and Gibraltar Cotado? What is Blue Bottle Coffee's signature milk coffee?