Coffee Board Activates Blockchain Based Marketplace in India (Download PDF)

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Commerce Secretary on 28th March launched blockchain based coffee e-marketplace at New Delhi. This pilot project will help integrate farmers w/markets in a transparent manner & lead to realisation of fair price for the coffee producer & the blockchain also reduce number of layers between coffee growers & buyers & help farmers double their income, he said.

Image of Blockchain Technology

Image of Blockchain Technology

Image of Blockchain Technology

Image of Production of Coffee in India

Image of Production of Coffee in India

Image of Blockchain Technology

The Project Activated by

  • Executive Director, International Coffee Organisation from Nairobi, Kenya

  • India’s High Commissioner to Kenya

Block Chain Based Marketplace App for Trading Indian Coffee

  • Intended to bring transparency in trade of Indian coffee, maintain traceability of Indian coffee from bean to cup, the grower paid fairly for his coffee produced

  • Coffee Board collaborates w/M/s EKA Plus a global leader in Digital Commodity Management platforms for Agriculture for development of Blockchain based marketplace application.

  • EKA Plus developed an app & a group of 15 - 20 coffee farmers exporters, roasters, importers & retailers registered on platform from India & abroad.

  • One of the few coffee block chain processor for coffee after France & Ethiopia in the world.

Transaction Process in App:

  • Stakeholders like coffee farmers, traders, coffee curers, exporters, rosters, importers & retailers register on platform to make trade transactions.

  • Coffee farmer registers credentials like place where coffee is grown, details of the crop, elevation, certificates if any & any relevant information.

  • A block is created for each of lot the farmer sells on Blockchain. The credentials of the block/lot will be stored on the Blockchain throughout its journey & are immutable.

About Indian Coffee

  • India is only country where entire coffee is grown under shade, handpicked & sun dried.

  • Produced by small coffee growers, tribal farmers adjacent to National Parks & Wild Life Sanctuaries in Western & Eastern Ghats, which are two of major bio-diversity hot spots in world.

  • Highly valued in world market & sold as premium coffees

About EKA

  • Global leader in providing digital commodity management solutions driven by Cloud, Blockchain, Machine Learning & Analytics

  • Company’s best-of-breed solutions serve the entire trading value chain across agriculture, energy, metals & mining & manufacturing markets

  • EKA’s mobile-first, enterprise apps are embedded w/commodity-specific algorithms that empower businesses to stay on top of volatile markets by letting them scale at will, go live faster & achieve better value for their investments.

  • It has offices across America, Asia, Australia & EMEA serving 100 + customers globally across multiple commodity segments.

- Published/Last Modified on: May 15, 2019

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