Crypto N’ Kafe — A Blockchain Ecosystem For Coffee Transactions

themichaelmatch (0)(1)in #ico • 7 years ago

There is an energizing new blockchain venture I need to educate you concerning today. It is Crypto N’ Kafe, a decentralized stage that saddles the energy of blockchain to unite espresso agriculturists and purchasers in a single extraordinary new network community. An immediate association between the buyers and agriculturists is an astounding advance forward in the espresso business. This should help make more positive estimating for the two gatherings while additionally having secure and straightforward exchanges. Today, numerous little agriculturists in underdeveloped nations are attempting to earn back the original investment. They frequently don’t get reasonable estimating or installment. There will be various diverse savvy gets that can be utilized to lead operations. Savvy contracts are fundamentally secure advanced assentions that can’t be changed. This gives exactly what these agriculturists require.

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.

HOW IS CNK WORKING?

Direct linking coffee farmers and consumers
Overcome the dominance of retailers
Offers a variety of smart contracts for easy operation

Use Crypto N ‘Kafe token as a means of rewarding customer loyalty programs

BENEFITS TO CONSUMERS

High quality coffee is cheaper than in stores
Coffee is purchased online easily and easily
Unlimited access to preferred suppliers

BENEFITS FOR FARMERS

Full price control and product list
Direct marketing and promotion to consumers
Fast and detailed customer feedback

VALUE OF CNK CHAINS FARMERS

Get the best knowledge about coffee trade
Earn higher revenue
Skip the middleman
Financial freedom

TRADERS

Easier payment method access
Export worldwide with lower costs and faster shipments
Free from complex banking procedures

ROASTER

Make a deal directly with farmers and traders
Switch to simple, low-cost payment process
Trade on one-stop B2B trading sites

RETAILERS

Take advantage of powerful tools for retail systems
Offers easy access to end customers with mobile wallets, debit cards and P2P exchanges
Trade on one-stop B2B trading sites

Crypto-out Card

Just like any other credit card, CNK debit cards are filled with funds from connected / web wallets that can be used when credit cards are accepted. CNK debit cards allow users to purchase CNK tokens or pull them from their web / mobile wallets directly, thus saving the need to keep their web / mobile wallet separate from the card wallet.

Crypto N’ Kafe will leverage smart contract for an efficient chain supply in the market that will be trusted and beneficiary to the economic conditions of coffee farmers. The platform is the first platform to resolve the coffee’s market gray areas and address underpaid coffee farmers in Africa. Farmers will have a broader exposure alongside and hassle-free approach to payment. For the first time too, the coffee market is upgraded into a modernized and cutting-edge approach making coffee trade transparent, frictionless, secure, and auditable.

MOST OF SMALL FARMERS DO NOT HAVE CREDIT BUT WE CAN PROVIDE SUPPORT

Millions of coffee farmers and coffee trading companies have less credit. This is partly due to the challenges and costs that formal lenders have to pay to serve the rural market, which is often isolated. It is also often perceived as a case that the inability of coffee farmers and companies to manage risk contribute to maintaining creditors by avoiding risk. A better understanding of coffee sector risk is needed to respond with strategies, training, and tools that can help farmers, and companies, reduce their risks to risk and strengthen their resilience to inevitable shocks. Such efforts can also help in improving the upstream flow of credit, catalyzing investments in new productivity improvements, and contributing to livelihoods of more profitable and more sustainable farmers.