Indian Coffee Board Collaborates With Eka Plus To Develop Blockchain Application For Farmers

The Coffee Board of India has collaborated with a global digital commodity management platform called Eka Plus in order to develop a blockchain application. The Indian Ministry of Commerce and Industry (MCI) has made the announcement of the application on March 28, 2019.

The main purpose of the application is to help farmers or coffee growers with a transparent market. It is stated that various layers between the farmers or coffee growers and buyers can be reduced through the blockchain and therefore the farmers or coffee growers can increase their income. The application can’t just provide the transparent market and reduce those layers but also provide a traceability feature. Customers can trace Indian coffee from bean to cup through the feature.

Registration on the blockchain application is already done by a group of 15-20 coffee farmers, importers, exporters, retailers, roasters from India and abroad as well. Credentials such as coffee cultivation places, crop details, elevation, certificates which farmers or coffee growers have to provide during registrations.

Every time a farmer or coffee grower makes a transaction, a new block of the transaction will be created. The information in the block is immutable and stored on the Blockchain.

Coffee is cultivated, handpicked and sun-dried in India. Indian coffee is cultivated by those tribal farmers who live near to National Parks and Wild Life Sanctuaries in the Western and Eastern Ghats and those coffee growers which work on small-scales.

Eka Plus is designed to break that Commodity Trade Risk Management (CTRM) software which is monolithic. CTRM break can be done into modular and bite-sized chunks. Eka-based solution is a cloud-based solution created to meet the growing needs and requirements of businesses. The solution is not only powered by the cloud and the blockchain but also machine learning (ML) and analytics, according to the official website of Eka Plus.

In today’s world, India became one more country to develop the blockchain application for coffee after Ethiopia and France. The leaders of this project are Mr. Jose DausterSette who is an Executive Director at the International Coffee Organisation (ICO) from Nairobi, Kenya and Rahul Chhabra who is a High Commissioner in India respectively, the Press Information Bureau reported.
Post Disclaimer

This article is for informational purposes only. The information is provided by Indian Coffee Board Collaborates With Eka Plus To Develop Blockchain Application For Farmers and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. The Blockchain Cafe does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button