In the hot beverage industry, coffee deserves special mention because of its large size, commercial potential, and unique flavour.

On average, coffee consumers consume over half a trillion cups per year.

The number is mind-boggling and indicates the importance of the industry to a variety of stakeholders.

Blockchain and the coffee industry

Important parties involved in the process of bringing coffee to customers include farmers, associations, distributors and retailers who grow coffee.

The supply chain is complex, and adding more intermediaries such as agents in the case of importing or exporting coffee makes the process more complicated.

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Add to this the growing awareness of consumers towards the practices of merchants.

The most frustrating aspect of the supply chain is the margins that farmers receive for their coffee, and now in order to change the situation the focus has shifted towards blockchain technology.

As the coffee industry realizes the various advantages that blockchain technology offers, global tech giant IBM is doing a great job in integrating blockchain by enhancing the efficiency of the coffee supply chain across the globe.

Thanks to the farmer

The company teamed up with “Farmer Connect” and came up with a new mobile app called “Thank My Farmer.”

A specially designed blockchain application helps trace the origin of the coffee to get a better understanding of the quality of the beans and the environment in which the coffee is produced.

Using this application, customers can also donate to help the farmer economically.

This platform not only empowers customers by helping them trace the origin of the coffee but also becomes a tool for providing them with monetary support.

Farmer Connect is a unique and widely used coffee tracking platform that has been designed in close collaboration with a number of international coffee producing associations and organizations.

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It is powered by IBM’s blockchain technology and the result of this collaboration is expected to do many wonders for the entire coffee industry.

The distinctive characteristics of the blockchain, which include an open and immutable ledger, will be very useful in ensuring the validity and transparency of data related to the entire supply chain of the coffee industry.

This data can be shared across the value chain and all stakeholders involved in the process including customers can access this data at any time.

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This improved tracking is also useful for supply chain partners to know the actual status of production and shipping processes in the chain.

Finally, in summary, the adoption of blockchain in the coffee industry has two-fold benefits, as it provides customers with the ability to trace the source of coffee beans to ensure their quality while helping supply chain partners to verify the actual status of the various processes associated with coffee production and distribution.

Blockchain also helps farmers get a fare for their products as well as direct the flow of money and information in a more efficient and transparent manner.

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