Blockchain and coffee — sounds cool. No, this is not bitcoin, the cryptocurrency as part of a coffee shop’s payment app. When I order a cup of coffee, I ask for the origin and sometimes even the farmer. As a budding coffee producer, I know how challenging it is to plant Arabica. I have not even reached the post-harvesting or roasting stage. Picture this. From bean to cup, it takes 15 steps to get you that perfect cup of coffee. Forty Hands Coffee in Singapore took its name from the 40 hands it takes to produce a coffee from seed to cup.
I chanced upon a “Blockchain Coffee” episode on The Coffee Podcast from Spotify. The world’s first coffee blockchain auction, was launched in partnership with Yave (Yave.io), a blockchain trading application startup, and Guatemalan Coffees. The auction offered the possibility of “faster payment for farmers, immutable traceability, and unprecedented market access breakthroughs.”
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