The usage of blockchain technology in real-world business settings is something that the industry craves, not least because it gives the digital phenomenon an element of legitimacy. As such, the blockchain community will be pleased to learn that a Ugandan-based coffee firm is now using blockchain technology to track goods along its long and winding supply chain.
According to Reuters, Carico Café Connoisseur – the Ugandan organization behind the innovative development, claim that the technology will present the industry with a range of notable benefits. For example, it is claimed that those purchasing coffee beans are prepared to pay higher rates if they have the capacity to trace the coffee back to its original location. This will subsequently allow local coffee suppliers to charge more and as such, pay their farmer’s higher wages.