According to an announcement by Indian Ministry of Commerce and Industry (MCI) dated March 28, India’s Coffee Board has agreed to launch a pilot program based on blockchain e-marketplace with the intention of integrating coffee farmers with the markets. MCI backs the Indian Coffee Board in order to promote the production of coffee in the country and has developed an e-marketplace for coffee producers intending to bring down the mediators between coffee growers and buyers.
According to reports, the product will necessarily be an application and will aim to improve transparency along with traceability of Coffee produced in the land, ‘from bean to cup.’ The Coffee Board has joined hands with M/s Eka Plus (digital commodity management platform for agriculture) in order to make sure the project happens effectively.
According to Business Lines (Indian business publication), initially, the application will be launched in a testing phase which will allow a limited number of growers for coming four to five months. Provided the pilot phase is a success; it will be made available for all the growers in the country. At present, there are about 350,000 coffee growers in the nation. Moreover, at press time, blockchain is being adopted by various food producers across the globe with the intention of bringing better efficiency to the supply chain.
Previously, USNPB (United States National Pork Board) joined hands with ripe.io in order to test out a blockchain platform for supplying pork. According to reports, the newly built platform will allow the Board to monitor and evaluate sustainability practices, livestock health, and food safety standards. In the month of February, Emmanuel Macron (French President) supported the use of blockchain technology in order to innovate and improve supply chain management in European agriculture.