Coffee And Blockchain: Stellar And Bext360
A technology firm is utilizing the Stellar’s Blockchain network to probably provide a fair coffee sales technology from its grower all the way to its consumer. Bext360 which is a Denver-based startup has built a robot for automatically assessing the coffee bean quality along with the cloud software and also an app that fully tracks the sales process using the technology.
CEO Daniel Jones has told the TechChurch regarding the recent fair trade market in which states that above all, the groups that are working on the fair trade have spent a lot of overhead on tracing materials. And this particular group of people has used the rudimentary tracing mechanism. And the outcome is very imprecise. The people in the field can still get exploited.
The Bext306’s mobile robot is a glorified weighing scale. It practically employs an optical sorting to fully distinguish the coffee beans from the quality of good and bad beans and also deliver a great quality score on a batch. The buyers and the sellers then use the accompanying app to work out a fair price and the goods are then tracked further with the Stellar.
Daniel Jones has claimed that in so doing, the off-touted advantages and benefits of the fair trade are brought to their conclusion together with a party further along the chain able to know down to the cup where the coffee came from and whether a fair price was paid.This particular concept has already proven popular with the investors in which a previous funding round fully generates the sum of $1.2 million. And the successful implementation is a further boon for the Stellar whose network is seeing a mounting in the updates and international use cases came to fulfillment.