As per the announcement by Indian Ministry of Commerce and Industry (MCI) on 28th March. The Coffee Board of India has started a pilot blockchain-powered e-marketplace to integrate coffee farmers with markets.
The Coffee Board an organization supported by the MCI to promote coffee production in India has rolled out an e-marketplace for coffee producers to decrease the number of intermediaries among coffee growers and buyers.
The product will be delivered in the form of an application and intends to enhance transparency and traceability of coffee produced in India “from bean to cup.” To execute the project, the Coffee Board partnered with M/s Eka Plus, а digital commodity management platforms for аgriculture.
According to Business Line, the application will originally begin in a pilot phase with a limited number of growers for the next four to five months. Should the test prove successful it will be extended to all growers in the nation. There are over 350,000 coffee growers in India.
Blockchain Technology has been actively adopted by food producers around the globe in a bid to deliver more efficiency to their supply chains. Lately, the United States National Pork Board collaborated with startup ripe.io to test out a blockchain platform for pork supply chains. The new platform will reportedly allow the Board to monitor and assess sustainability practices, livestock health, food safety standards, and environmental protections.
In February 2019, French President Mr. Emmanuel Macron promoted the use of blockchain technology to innovate supply chain management in European agriculture. Blockchain Technology can bring transparency to agricultural production and distribution to satisfy mounting customer concerns about products’ origin and sustainability, Mr. Macron stated.