Union Commerce Secretary launched blockchain based coffee e-marketplace through video conferencing in New Delhi.
About:
Indian coffee is highly valued in the world market and sold as premium coffees. India is the only country in the world where entire coffee is grown under shade, handpicked and sun dried. The share of farmers in the final returns from coffee is very meagre.
The Blockchain based market place app will help integrate the farmers with markets in a transparent manner and lead to realisation of fair price for the coffee producer.
It will also reduce the number of layers between coffee growers and buyers and help farmers double their income.
The underlying technology in cryptocurrencies is blockchain technology.
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