Crypto N' Kafe - A Blockchain Ecosystem For Coffee Transactions
There is an exciting new blockchain project I want to tell you about today. It is Crypto N' Kafe, a decentralized platform that harnesses the power of blockchain to bring together coffee farmers and buyers in one great new ecosystem. A direct connection between the consumers and farmers is an excellent step forward in the coffee industry. This should help create more favorable pricing for both parties while also having secure and transparent transactions. Today, many small farmers in third world countries are struggling to break even. They often do not receive fair pricing or payment. There will be a number of different smart contracts that can be used to conduct operations. Smart contracts are basically secure digital agreements that cannot be changed. This provides just what these farmers need.
There will be Crypto N' Kafe tokens, or CNK tokens, used for transactions. There are many benefits to using CNK tokens. Some of the advantages that farmers have when using this platform are full control of listings and pricing, sales direct to consumer, fast feedback, and higher income by cutting out the middleman. In many cases a farmer today receives less than ten percent of the retail price for his coffee. By giving farmers direct access to the end consumer, their profits should greatly increase. Coffee traders benefit by having easier payment methods, they can avoid messy banking procedures, and they have better access to coffee purchases around the world. Coffee roasters and benefit from dealing directly with traders or farmers as well as simple payment options. Retailers are also benefited by many of the same reasons as listed before. The best thing about using tokens is the fair trade that it creates. There can be no hidden markups or costs when making transactions with the CNK token. Additionally, there are no government regulations involved to hinder these transactions and the trading of coffee.
I will now describe the smart contracts in more detail. There are terms of a contract that are defined before any transaction takes place. Then the trade is executed by software code and prevents human interaction that could cause problems. No changes can be made without consent from both of the people involved in the trade. The smart contract acts like an escrow agent. The money is stored securely until the completed transaction takes place. These reasons are why it is a great system for farmers to use. This way they cannot be taken advantage of.
With the Crypto N' Kafe platform, all users can create accounts on the coffee website. They will be able to view suggested pricing, browse through various buyers and sellers, as well as see payment method details. Farmers can show profiles about their operations, crops, plants, and more. There will also be a rating system for reviews of quality, service, and price. Buyers will also create profiles for the farmers to look at. Everyone can select who they feel comfortable doing business with. There are plans for mobile apps for Android and iOS as well as a desktop platform. I think mobile access is key to this project. If you would like to find out more about this project, please refer to the links shown below.
Whitepaper link: https://cryptokafe.io/white-paper/
Announcements: https://bitcointalk.org/index.php?topic=2746192
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