A startup called Bext360 wants to bring blockchain technology, which serves as the basis for Bitcoin trading, into the coffee industry of developing countries in order to create more transparency between farmers and buyers. The startup’s first “product” will be a kiosk, similar to a Coinstar change collection machine, that farmers can use to sell their beans. The system is designed to use smart image recognition technology to evaluate the crops being submitted at production facilities, which can assign a price and determine the identity of the person selling it. The farmers are then credited for their delivery via a mobile app, and a payment is delivered instantly to their digital “wallet”. The technology could mean more ready access to investment capital for the millions of growers—largely women—around the world.
Blockchain technology could bring fair-trade to the coffee industry
More of Today's Solutions
Southern Sierra Miwuk Nation regains ancestral lands near Yosemite in major c...
BY THE OPTIMIST DAILY EDITORIAL TEAM Nearly 900 acres of ancestral territory have been officially returned to the Southern Sierra Miwuk Nation, marking a ...
Read More8 fermented foods that your gut will love (and that taste great, too!)
BY THE OPTIMIST DAILY EDITORIAL TEAM Fermented foods have been a dietary staple in many cultures for centuries, but in the U.S., they’re only ...
Read MoreBreaking the silence: empowering menopausal women in the workplace
Addressing menopause in the workplace is long overdue in today's fast-changing work scene, where many are extending their careers into their 60s. According to ...
Read MoreInsect migration: the hidden superhighway of the Pyrenees
Insects, while frequently disregarded, are critical to the planet's ecosystems. They make up about 90 percent of all animal species and play important functions ...
Read More
