Business

Now, a blockchain-enabled marketplace app for coffee

With a view to enabling growers find better price for their produce, the Coffee Board has launched Coffee Blockchain, a marketplace app, developed in coordination with Eka Software Solutions.

The pilot project has about 20 participants, including 14 coffee growers, and will run for four-to-six months.

Jose Dauster Sette, executive director of the International Coffee Organisation from Nairobi, and Commerce Secretary Anup Wadhawan, activated the app on Thursday.

Srivatsa Krishna, chairman of the Coffee Board, said the blockchain-enabled marketplace was aimed at reducing growers’ dependency on intermediaries, bring in trust and efficiency in the chain, help farmers with market access, and ensure traceability.

“All issues will be ironed out during the pilot phase and what works best for farmers and exporters will be done,” he said.

Anyone willing to participate in the marketplace will have to register on the app and will get a smart contract number.

Manav Garg, CEO and founder of Eka Software, said the aim was to bring in more transparency and price discovery for farmers.

The company had worked with the Coffee Board for nearly a year to develop the app.

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Printable version | Oct 26, 2020 12:08:45 AM | https://www.thehindu.com/business/now-a-blockchain-enabled-marketplace-app-for-coffee/article26680692.ece

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