Coffee Board is collaborating with M/s Eka Plusfor development of Blockchain based marketplace application. Eka Plus has developed the application and a group of 15-20 coffee farmers, exporters, roasters, importers and retailers who are already registered on the platform from India and abroad. It is one of the few coffee block chain processors for coffee after France and Ethiopia in the world.
Background
India is the only country in the world where entire coffee is grown under shade, handpicked and sun dried. It produces one of the best coffees in the world, produced by small coffee growers, tribal farmers adjacent to National Parks and Wild Life Sanctuaries in the Western and Eastern Ghats, which are two of the major bio-diversity hot spots in the world. Indian coffee is highly valued in the world market and sold as premium coffees. The share of farmers in the final returns from coffee is very meagre.
Blockchain Technology
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Mechanism
The stakeholder like coffee farmers, traders, coffee curers, exporters, rosters, importers and retailers register on the platform to make trade transactions.
Significance
Blockchain based market place app for trading of Indian coffees is intended to bring in transparency in the trade of Indian coffee, maintain the traceability of Indian coffee from bean to cup so as the consumer tastes real Indian coffee and the grower is paid fairly for his coffee produced.