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Blockchain can be used for beautiful things. You can organize and settle a lot through blockchain. Property rights, identity, but also, for example, the origin of products. How about coffee on the blockchain? Today you can buy the first blockchain coffee in the world: Tokens. This new brand of coffee is an initiative of Moyee Coffee and FairChain Foundation who want to offer you maximum transparency on where your coffee comes from. Thanks to the blockchain, more money can go to poor farmers. And this must make the world a little more honest. The token is the first completely transparent coffee brand with blockchain technology.
There is no more difficult time for coffee growers
Nowadays, many coffee growers have difficulty. They can hardly cover their production costs, let alone the social and environmental costs. According to the recently launched Token coffee brand, blockchain could provide the transparency and efficiency needed to change it.
Blockchain technology makes the huge inequality in the transparent coffee chain for consumers. Token embraces this transparency and offers a solution. The first load of 60,000 kilos, produced by small coffee farmers and trackable in blockchain, will demonstrate that an honestly distributed value chain is possible.
Transparency
Token attempts to become the world's first end-to-end blockchain coffee.
The token is a collaboration between Bext360, Moyee Coffee and the FairChain foundation. Their blockchain system clarifies precisely what everyone deserves at every stage of the chain. In this way, inefficiencies and unneeded intermediaries can be identified. According to organizations, this transparency makes a fairer distribution of value across the chain possible. Blockchain technology makes the huge inequality in the transparent coffee chain for consumers. Token embraces this transparency and offers a solution.
Does the blockchain make coffee more honest?
Most of the coffee is produced by a handful of large coffee companies that do not distribute the profits fairly. For example, the vast majority of the world's 25 million coffee farmers can barely cover production costs. Fortunately, there are more and more coffee brands that believe that blockchain can be used to make coffee more honest. This technology offers the transparency and efficiency needed to change this unfair system.
The coffee chain
Cryptocurrencies offer various modern opportunities; you can use every day. Currently, you can easily play with cryptocurrencies or invest your money in crypts. For example, you can use a Fairlay betting site bet on everything you want. You can also choose to create more gradual assets by investing in the blockchain technology behind all cryptocurrencies. The success of digital coins is possible thanks to the revolutionary blockchain technology. You can see that there are great opportunities for companies that develop blockchain services and for other companies that benefit from the digitization of the financial sector.
To make the benefits of the blockchain real, every Token coffee envelope has a token. Each token is worth 50 cents that you can invest in a portion of the coffee chain via the KrypC Technologies platform. You can give it to the farmers who make coffee, but you can also give yourself a discount on your coffee.
Gradual growth instead of a compressor
It is, of course, beautiful if you have made a significant profit with cryptocurrencies. Gaining a lot of money is the gamble with encryption. However, the possibility that you burned your fingers on the bitcoin is also quite significant. If you are tired of waking up every day with the uncertainty of having become 10% richer or poorer than a digital currency that night, you may want to consider putting your money into mutual funds. You will then become a small part owner of a large number of companies that make all kinds of items and provide services. To be honest: you will not get rich with an investment in the fintech sector. Although the underlying trend is healthy, you run the risk with your resources, and it is essential to build a financial buffer and invest only with money that you can lose for a long time.
How does the blockchain make the world fairer?
The blockchain ensures that the world becomes more just. Offers security and transparency. This technique can be used for all types of applications.
How does the blockchain work?
The blockchain can be seen as a ledger containing the accounting of every transaction that has ever been made. Each time a new transaction is recorded, it switches to a chain of existing transaction blocks. This is why we call this chain the blockchain. Company information can be registered on the blockchain. This increases the possibility of fair trade. Scandals can be prevented because the right information is available.
Just think of the fraud with the software in your car. This would not have been possible if all the information had been recorded on the blockchain. More parts control the information. It would have been immediately discovered that something is not right. The registration on the blockchain would therefore be rejected. With such a discovery you're almost certain that it has been made public.
The blockchain can also work with clothing manufacturers. There could be recorded where the heat factories are located. If a piece of clothing comes right from that area, one could observe on the blockchain that has not been produced with respect for man.
Another example: elections are not right all over the world. By recording votes on the blockchain, results can no longer be tampered with. The blockchain keeps track of the information and verifies that the information is correct. Voice fraud is therefore impossible
Fair game
These days, we see that blockchain technology is being used more and more often in online casinos. Not only to be able to support payment tools like Bitcoin and altcoin but also in the games themselves. For example, players can check if a round in a game was right.
We thank Davey Cross for this post.
