IBM Launches Blockchain App for Coffee Lovers to Track Products
More platforms will be created to leverage Blockchain and DLT in order to drive traceability, efficacy and equity in the coffee supply chain. Blockchain technology extracts and preserves data on the phases that characterize the coffee supply chain, through a perpetual digitized transaction chain that can’t be modified and thus preserves its integrity and simplifies the exchange and monitoring of info and payments.
In this way farmers, wholesalers, merchants and retailers can interact more efficiently through full and almost real-time access to info, and at the same time consumers can have up-to-date data about the good they drink or consume. Due to the endless potential of these distributed ledger technologies including blockchain and cryptocurrencies, IBM is trying to invest highly in this nascent field so as it can make profits in it and also help users (the public) in one way or the other.
