Bext 360 blockchain coffee europe

Globalization makes the food system even more complex with multiple suppliers and companies involved. However, that has created a challenge in maintaining food security even where laws and policies have been published. The food safety issues arise due to operational mistakes, including contamination, mislabeling, undeclared ingredient, biological causes, etc. Some of the most well-known food scandals in history are the China Sanlu milk scandal , the Germany Enterohemorrhagic E. Tragically, more food poisoning outbreaks reported in —

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WATCH RELATED VIDEO: Nestle’s Chain of Origin Coffee Brings Supply Chain Transparency With Amazon Managed Blockchain

Seeing the Wood for the Trees: Supply Chain Assurance through Blockchain

Bext , a company that develops technologies to streamline critical supply chains in emerging economies, announced that it is powering the blockchain traceability component for the new coffee brand Token, a collaboration between Moyee Coffee and FairChain Foundation.

The Fairchain Foundation provided confirmation data from the producers and farmers at the different points of collection —from origin, quality, to purchasers to payouts — all which were recorded within the blockchain by Bext Additionally, the blockchain ledger is designed to help keep down overhead costs—replacing paper carbon copies and other inefficient record-keeping methods—while making the financials easier to audit.

For consumers, Bext provides unprecedented levels of transparency around origin and quality; and would allow, a coffee drinker in Europe to pull up this data and verify exactly where her coffee was sourced, who produced the coffee and how much the small coffee producer was paid. Now Moyee Coffee and the FairChain Foundation are delivering on its promise and is launching the first ever public blockchain system, showing who earns what in each step in the process through Token.

To make the benefits of blockchain more tangible to consumers, each bag of Token coffee comes with a token. Each token is worth 0. Together with Krypc, a special blockchain platform is created where consumers can choose to invest the money in themselves and get a discount, in the Token company itself or in the farmers and families that produce their coffee.

For first time ever, real value from an individual coffee lover can be transferred to the pocket of farmers without any interference from any brand or company. Before that, it will launch a limited edition of one hundred g packages of the brand on the Token website.

Bext develops technologies that strengthen local businesses and communities in emerging economies by increasing access to capital and streamlining critical supply chains. A guiding principle of Bext is to build community by enabling buyers and other organizations with direct paths to improve the quality of both the product and the communities that produce their goods, whether it is coffee, seafood, cotton, to palm oil.

The FairChain Foundation has the mission to stimulate and support business models that contribute to a TRULY fair distribution of the wealth amongst all parties in the value chain. The FairChain Foundation was an early supporter of Moyee Coffee, for example, encouraging the company to pay farmers a so-called 20 percent FairChain premium that went above and beyond Fairtrade premiums.

The FairChain Foundation was also the first to embrace the transparent platform set up by Denver, Colorado-based blockchain disruptor Bext, which is quickly becoming the benchmark in the coffee industry as a tool to move beyond certification, and worked with Krypc on the current system that drives value from individual consumers to coffee farmers via blockchain. Moyee is a specialty coffee roaster and FairChain company. Token is a special purpose company, proving that a shared value chain is possible.

Living income for farmers through profitable farms; 2. Better quality coffee at lower prices for coffee fans; 3. All benefits through community ownership. AIT News Desk is a trained group of web journalists and reporters who collect news from all over the technology landscape.

To connect, please write to AiT Analyst at news martechseries. Shanghai International Blockchain Week , an industrial gathering that cannot be missed. Leave A Reply Cancel Reply. Save my name, email, and website in this browser for the next time I comment. How Token Works To make the benefits of blockchain more tangible to consumers, each bag of Token coffee comes with a token. Related Posts. Jan 28, Prev Next 1 of 1, AIT News Desk. Prev Post Shanghai International Blockchain Week , an industrial gathering that cannot be missed.

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Blockchain Technology in The Food Industry

From coffee to fish to palm oil, blockchain, a digital ledger technology, is being applied to global food supply chains in ways that promise to benefit producers, distributors, retailers and consumers. Based on its ability to provide enhanced visibility into the contracts and connections that make-up complex food supply chains, blockchain can help producers and retailers guarantee the originality and quality of produce; can help to combat fraud and illegality within the food chain; and can facilitate the tracking and recall of defective or contaminated goods. However, despite early successes, the application of blockchain to food supply chains faces several hurdles, including the persistence of entrenched industry interests; potentially prohibitive deployment and operating costs; and the challenge of verifying the authenticity of the data supplied to the blockchain. Regardless of concerns, the blockchain provides greater visibility into the contracts and connections that make-up complex food supply chains, allowing producers and retailers to guarantee the originality and quality of products, while helping with efforts to identify fraud and illegality within the food chain and facilitating the tracking and recall of defective or contaminated goods.

The crypto-special thaali is served by Ardor several small businesses like restaurants and cafes, which were hit hard by the.

Ardahan Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

The development and implementation of new technologies is something that entrepreneurs are used to doing, but not all attempts work first time. This article presents one such lesson learned, one stemming from personal experience. That would assure the timber supply chain and demonstrate that it was, in every way, legal, having had the necessary duties paid and documentation issued along its journey. Each year, the EU imports around 2 million cubic metres of tropical timber alone [2]. Providing traceability for that sector is a highly complex challenge, requiring a mixture of technology, changes in behaviours, in legal systems and in policing. The team I was with was focused on the first of these. To provide assurance, a legal entity must be able to look back up the chain from any point along it and obtain unimpeachable information of the legality of the source and that all admin was correctly processed along the way. The solution that we developed comprised of barcode readers on trees and logs, handheld readers, laptop terminals and cloud-based servers. It involved a software product that would take into account the lack of continuous connection to terminals and handheld readers, the distributed supply chain, and process and protect data to provide the characteristics that were needed.

Top 5 use cases of Blockchain in the supply chain in 2021

bext 360 blockchain coffee europe

While its Asian schools dominate the list, European universities improve in position. In a blog post , the crypto platform said the National University of Singapore has claimed the top spot, followed by the Royal Melbourne Institute of Technology, University of California Berkeley, University of Zurich and the Massachusetts Institute of Technology, making up the top five. The Singapore National University gained its top spot due to its multiple blockchain research centres, frequent blockchain-themed conferences, clubs, company partnerships and its masters programme in digital financial technology. The ranking covers cost, academic reputation, research output, campus blockchain offerings such as student clubs and research centres, courses and employment outcomes.

It will use the bext-to-brew platform to trace coffee from Ethiopa to Amsterdam, as well as payments made to coffee farmers in Ethiopia. The first pilot program will start on November 1, by sourcing coffee through Great Lakes Coffee in Eastern Uganda, and exporting the product to Coda Coffee in Denver, where the coffee beans will be roasted and sold to consumers.

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Samsung is a popular international brand name in technology industry, founded in by Lee ByungChul, in South Korea. Samsung handle a great deal of item categories including Semiconductors, Telecommunications, Digital Media, Digital Appliances and much more other electronic products. Historically, the business's core consumers consist of the Original Devices Manufacturers OEMs , which utilized to offer Samsung items withtheir own brand name. Till early s, the core proficiency of Samsung lie in its low price offerings than its competitors by making existing products at economies of scale. There were also no or little interest in constructing the brand globally.

Bext360 Piloting Coffee Analysis and Blockchain Payment Machines in Coffeelands

Cartan Group combines financial institutional experience and legislative advisory roles with a deep understanding of distributed ledger technology to offer a unique comprehensive perspective to our clients. We love making new connections and helping build innovative solutions. We suggest grabbing a coffee and discussing the possibilities. Please fill out the form below and we will route the introduction to the right team member. We are excited to explore how we can help over a cup of coffee! A member of our team will be in touch shortly.

What's Next for Business Technology The European Blockchain Services Infrastructure (EBSI) is equally bold in its mission.

This study aims to blockchain facilitate information sharing among different players in the food industry, such as farmers, food suppliers and investors, enabling an effective decision-making process where the information about goods is traceable without any inherent risk. For this purpose, the authors survey 84 organizations in the food industry. Further, the authors conducted in-depth- interviews with three organizations that applied blockchain technology in the production phase to address the pros and cons of this adaption and discuss how the technology could be improved based on the challenges they faced. Moreover, an overview of current and potential digital transformation uses cases of blockchain technology in the food industry has been provided.

They insist to know the whole story behind their cup of coffee. The reason is that coffee has become so much more than a simple beverage and knowing its origin, how it was plucked and roasted, and how it landed in their hands all add to this unique sensory experience. This thirst for knowledge also serves as a reassurance for consumers that the coffee they are drinking are indeed of the finest quality, not tampered with. At the same time, an increasing number of coffee drinkers want to make sure that the coffee they are consuming is sustainable and that coffee planters are not being exploited.

Click here for more details on our series. Blockchain technologies present an opportunity to transformationally improve the operations of agricultural supply chains, from farm to fork.

Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world's largest coffeehouse chain. As of November , the company had 33, stores in 80 countries, 15, of which were located in the United States. Out of Starbucks' U. The rise of the second wave of coffee culture is generally attributed to Starbucks, which introduced a wider variety of coffee experiences.

Though blockchain has found traction in certain sectors within the international logistics space, its use case within food supply chains has been one of the most convincing yet. Blockchain technology is nothing if not utilitarian, with it essentially tackling the two cardinal problems prevalent within supply chains — the lack of visibility and transparency among stakeholders. For centuries, coffee has been one of those commodities that has truly been traded across continents, as coffee plantations invariably were situated around the equatorial belt while the beverage has been enjoyed ubiquitously around the world.

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