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Coffee Farmers Bet on Blockchain to Boost Business


Coffee.

A recent report by the United Nations Food and Agriculture Organization concluded that blockchain technology could potentially address challenges faced by smallholder coffee farmers by "reducing uncertainty and enabling trust among market players."

Credit: Getty Images/Istockphoto

The United Nations Food and Agriculture Organization said in a recent report that blockchain technology could potentially address challenges faced by smallholder coffee farmers by "reducing uncertainty and enabling trust among market players."

Blockchain facilitates shared access to data maintained by a computer network, and can rapidly trace the myriad parties involved in food production and distribution.

The Agriculture Alliance of the Caribbean (AACARI) has embarked on a blockchain project, which entails auditing by accredited professionals to ensure farmers comply with Global GAP (good agricultural practices) standards, and a digital marketplace where buyers can find information about the produce.

Vijay Kandy of AcreCX, the company building AACARI's blockchain platform, said farmers could bypass intermediaries and deal directly with buyers via the auditing process. Buyers would no longer need to rely on middlemen to ensure farmers are adhering to Global GAP.

From Reuters
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