Blockchain technology in coffee?
LLanthu developed an mobile app that uses blockchain technology to provide information about the origins of the coffee
With several partnership with several local coffee brands, LLanthu developed an mobile app that use blockchain technology to provide information about the origins of the coffee, while allowing the consumer to learn more about the farmer and the producer's community where the bean was grown and demand transparency throughout the chain involved in its distribution.
"It connects the user with farmers, traders, roasters and brands. The information is presented on an interactive map, where each product can tell a story in a simple and scalable way. The Thank My Farmer app also features sustainability projects in coffee communities and the opportunity for consumers to support those projects."
The LLanthu app is intended for those consumers looking to bridge the gap between their local stores and the farmer who grew the coffee they are drinking, which they can now do thanks to the blockchain technology that pulls information directly in a standardized way that can be used across the industry.
With Blockchain technology, the entire coffee supply chain can be brought together, simplifying the exchange, tracking of information and payments; allowing the industry to work together with more confidence, by generating a permanent digitized chain of transactions that cannot be modified.
"Each participant in the network has an exact copy of the data, and additions to the blockchain are shared across the network, based on each participant's permission level. Farmers, wholesalers, traders and retailers can interact more efficiently using comprehensive access to near real-time data, and consumers can have new insights into the origins of the products they consume," explains LLanthu.
Latin America occupies an important place in the production of quality coffee, having five of the 10 countries with the highest production of the aromatic worldwide, Brazil is number one, while Colombia and Mexico are located in the third and ninth place; it is a coffee industry that employs more than 14 million Latin Americans and that provide the main input for more than half a billion cups of coffee consumed per year.
Llanthu is a traceability platform developed in collaboration with leading entities present throughout the global supply chain and leverages the potential of Blockchain designed to increase traceability, efficiency and fairness in the coffee supply chain.
The initiative was generated after observing that the distribution of beans touches various scales, such as cooperatives, exporters, shippers, importers, roasters, distributors and retailers, before finally reaching the consumer.
Currently, each participant in this complex chain tracks only its own small segment of the journey with its own system for recording data, resulting in highly fragmented product information.
"The goal is to humanize each coffee consumer's relationship with their daily cup. Consumers can now play an active role in sustainability governance by supporting coffee producers in developing countries. Through blockchain and this consumer app, we are creating a virtuous cycle."
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