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How blockchain technology supports coffee bean registration and traceability

June 13, 2020

The use of blockchain technology is increasing. The blockchain is used more frequently in product tracking and especially in the food sector every dayEnjoy immutable traceability through blockchain where a variety of items are located.

As is known to the public, a blockchain is essentially a data set, a digital event book that is “distributed” and shared by many different parties.

Due to the possibility to update the majority of the participants in the system by mutual consent and the impossibility of deleting the entered information, Its properties are the best weapon for the recorder and carry out traceability safely in real time all information about a product in general.

How blockchain technology supports coffee bean registration and traceabilityHow blockchain technology supports coffee bean registration and traceability

And it is that specifically the use of distributed technology or blockchains, whether public or private, has allowed its expansion into foods as common and ancient as coffee beans are a reality today for sustainable sustainable development and to avoid counterfeiting what was long ago the “black gold” for many substances in the world,

With the entry into the blockchain technology scene A registrar can register your product from the time of harvest and keep all of your distribution information on the table from the restaurant or from the housewife who tastes its taste and aroma.

With the introduction of smart contracts by Ethereum The ability to track down food and non-perishable products has become a reality It encompasses the boundaries of the different corners of the planet and the different productive sectors of a nation.

The concept itself is simple, By scanning a QR code marked on the product packaging, an end user can know the entire supply chain of the coffee beans to be consumed with complete security. Data entered into a specific blockchain through the execution of intelligent contracts that immediately and unchangeably confirm the origin of the product.

In this context There are several examples worldwide of using blockchain technology for the traceability of coffee beans from the field to the table.

A good example is the consumer-oriented Thank My Farmer mobile application, which extracts information directly from blockchain technology in a standardized manner and can be used across the industry.

The product developed by the traceability platform Farmer Connect, which leverages the potential of IBM Blockchain, is currently used by the National Federation of Coffee Growers of Colombia.

Another good example is the aggressive proposal from the chain of Toks restaurants in Mexico that use the Simba Chain Smart Contracts platform to register and track each coffee bean who bought, processed, packaged and sold tokens to ensure the integrity of their coffee supply chain and thereby better differentiate the products they sell.

In this case, the Simba Chain Smart Contract works as a service (SCaaS) with some of the most popular blockchain platforms in the ecosystem, such as B. Ethereum, RSK, Stellar and Hyperledger.

The use of blockchain technology in various productive areas is currently revolutionizing the methodology of processes as we currently know them.

The blockchain market is expected to grow at an average annual growth rate of 68% in five years, with a profit of more than $ 1 trillion expected in 2025according to the company WikiBrands.

The food sector will undoubtedly be one of the largest use cases for blockchains with the new Post-COVID 19 times, and those platforms that enable smart contracts to run can play a leading role in product traceability. mostly.