Blockchain and coffee trade: and false propaganda say no!

Around the world,
The linkages between organizations are becoming increasingly close.
A trustworthy partnership,
Be the key to their success.
However, each organization has its own
Stakeholders, objectives and business objectives,
It's not easy to raise trust between organizations.

Block chain,
For the exchange of goods, services and information,
Provides a secure approach.
It externalities the necessary trust between the organizations,
and capture the executable rules that organizations use to carry out their business.
By this method,
The organization has no right to change these rules unilaterally.

The core concept of a blockchain is a smart contract that automates the execution of the business logic agreed upon by the participant, as well as a shared distributed ledger that helps to ensure the quality and lineage of the goods or services.

In any industry, the key to creating friction or opportunity is the ideal place for pilot blockchain technology. Blockchain technology does not require a trust mechanism to bring together new organizations that have previously been difficult or impossible to collaborate.

Today, we explain the core concepts of the blockchain through a practical example, the global coffee trade, and how the blockchain supports collaboration and encourages the adoption of new business models.

In the global coffee trade, the value of the blockchain is reflected in the following 4 areas:

Automate and trust with smart contracts
Blockchain reduces friction and increases efficiency by automating the execution of business logic agreed by participants.
Provable
Blockchain can guarantee the quality and lineage of goods or services through a shared ledger that cannot be changed.
The privacy of
Participants can view the transactions that correspond to their roles in the network.
New business model
Different types of new participants can join the network and create value and new possibilities.


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At the end of the article, there is a wonderful interactive demo video.