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The Coffee Board of India has launched a block chain-based e-market to integrate coffee producers into markets. The Indian Ministry of Trade and Industry (MCI) announced the development of this project on March 28.
The Coffee Board – an organization supported by the MCI to promote coffee production in India – has set up an electronic market for coffee producers to reduce the number of intermediaries between producers and buyers.
The product would be delivered as an application and would aim to improve the transparency and traceability of coffee produced in India "from cup to cup". To implement the project, the Coffee Board collaborated with M / s Eka Plus, a digital product. management platforms for agriculture.
According to Business Line, an Indian economic publication, the application will initially be launched during a pilot phase with a limited number of producers over the next four to five months. If the test is successful, it will be extended to all producers in the country. There are more than 350,000 coffee farmers in India, according to Business Line.
The blockchain has been actively adopted by food producers around the world with the goal of increasing the efficiency of their supply chains. The US National Pork Board recently partnered with startup ripe.io to test a blockchain platform for pork supply chains. The new platform will allegedly allow the Office to monitor and evaluate sustainability practices, food safety standards, livestock health and environmental protection.
In February, French President Emmanuel Macron pleaded for the use of the blockchain to innovate in the management of the supply chain in European agriculture. The blockchain can bring transparency to agricultural production and distribution to alleviate growing consumer concerns over the sourcing and sustainability of products, Macron said.
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