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Board of Coffee in India to launch pilot blockchain marketplace

Published 03/29/2019, 11:07 PM
Updated 03/29/2019, 11:08 PM
© Reuters.

  • The Indian board of coffee, in conjunction with Eka Plus, are launching a blockchain platform to keep track of their products.
  • The project was announced last September in Delhi by Suresh Prabhu, minister for commerce and industry.

The Indian Ministry of Commerce and Industry announced that the Coffee Board is integrating blockchain into the coffee industry. The pilot blockchain marketplace will connect coffee farmers with the markets to increase transparency. This will also reduce the number of third-party entities and middlemen who work between the coffee farmers and the buyers.

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