The Coffee Board of India has launched a pilot blockchain-based e-marketplace in order to integrate coffee farmers with markets. The development was announced by Indian Ministry of Commerce and Industry (MCI) on 28th March.
The Coffee Board — an organisation backed by the MCI to promote coffee production in India — has rolled out an e-marketplace for coffee producers in order to reduce the number of intermediaries between coffee growers and buyers.
The product will reportedly be delivered in the form of an application and aims to improve transparency and traceability of coffee produced in India “from bean to cup.” To implement the project, the Coffee Board collaborated with M/s Eka Plus, а digital commodity management platforms for agriculture.