Coffee And Blockchain - What's Not To Love?
12 Apr 2019
Let’s be honest, it’s the world’s favorite drink. Each day we consume as a whole, two billion cups of it and annually, coffee is an industry worth over 100 billion dollars.
But how can you really be sure of where your coffee has actually come from?
Without a doubt, blockchain has the potential to turn the coffee industry on its head and bring about a revolution in transparency that current standards in the coffee industry can’t hope to match.
VeriDoc Global’s finished solution gives all stakeholders, farmers, roasters, and consumers access to data across the entirety of the supply chain. This data enables a complete analysis of the supply chain for all involved.
For the consumers, the VeriDoc Global app provides unprecedented levels of transparency around origin and quality; allowing a coffee drinker anywhere in the world to pull up this data and verify exactly where their coffee was sourced, in real time from any location. This is especially important when it comes to rare coffee beans and certified organic coffee. Because you want to know what you paid for is the real thing. Especially if you are purchasing Black Ivory Coffee or Jamaican Blue Mountain Coffee which all sell for over $500 a pound.
Blockchain offers transparency and trust. You want to trust that you are getting what you paid for and with transparency on every step on the way, you can be assured of this as you’re drinking it.
It all starts with the VeriDoc Global Secured QR Code on the coffee package.
By scanning it with VeriDoc Global’s free QR code reading app they can verify the coffee and where it’s come from. Behind the scenes, the verification protocol uses VeriDoc Global Secured QR codes, encryption algorithms, unique hash values, and the blockchain to check that the coffee you’ve purchased is authentic and the steps it’s taken to get to you, the consumer. It also shows you a picture of the coffee, along with information and details on the batch and how it was produced. Not only that, you can verify each step of the supply chain so you can be absolutely sure that the coffee you are drinking is authentic and you know where it’s come from.
The finished solution can be tailored to suit the business and consumer.
The VeriDoc Global app also comes preloaded with Change of State (CoS) technology. Scanning the QR code can add time and location stamps along with any additional info on the coffee each step of the way. CoS technology allows buyers to verify on the blockchain that the coffee they are buying is the real thing and is from where they say it is, in real time and at the point of sale. This allows the customers to be 100% assured of the product they are buying and it is verified on the blockchain.
VeriDoc Global technology promises drastic reductions in the transaction costs of global commodities, especially in the case of coffee. The VeriDoc Global finished solution can also be used for inventory valuation and tracking with the ability to streamline the certification processes among a host of other benefits with supply chain and verification.
Good coffee doesn’t just appear, it takes a lot of work from the farmers, roasters, and logistic chains that all work on getting those delicious beans into your coffee cup as willing consumers. This way every step is transparent, it’s available to anyone with a smartphone and QR reader and it has the ability to help farmers and consumers.
Don’t you want to know where your coffee has come from and if it’s the real thing?
Of course you do, it’s coffee we are talking about after all.
It's loaded with heaps of features, no ads and the best QR Reader on the Market.
See more of our finished uses cases on the website and feel free to contact us for more information.
Original story first posted on Medium