Carico Cafe Connoisseur is a Ugandan company using blockchain technology to certify shipments of coffee from the farms to the coffee tables in cafes and people’s home tables. The firm says it is using the technology to try and synergize demand for coffee and the level of production in Uganda.
Carico Cafe Connoisseur says this move could help both the producers and consumers at both ends of the supply chain. Since consumers are willing to pay more for products who source they can trace, farmers stand a better chance of getting a higher return if their produce can be traced back to where they were produced. As the firm puts it, it is a win-win situation for each party at the opposite end of the supply chain.
The blockchain technology the firm employs in tracing the coffee works by providing a shared record of data that is held by a network of individual computer and not a single entity. That makes it harder to tamper with and very reliable when it comes to tracing down the supply chain.
While speaking to Reuters, the CEO of Carico Cafe Connoisseur …read more