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INTRODUCTION

Cotton also referred to as white gold is a very important factor of human lives in the sense that it is the most important factor of production in the production of clothing.
There is no denying the fact and importance of this raw material (cotton) has over the years on the production of clothing.
Till this moment i can categorically tell you that cotton (white Gold) is responsible for almost all the expensive clothing you see our celebrities wears to there various occasions and shows.
In the world of football, coaches take credit for organising their teams to play in such a way and players get credit for scoring goals or making an assist. When it comes to the farmers of cotton the reverse is the case.

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Almost everyone knows the popular movie director Steven Speilberg for his fantastic work in the entertainment industry and some other directors like him, Then this question begs answer, How many people actually knows the cotton farmer who supplied the cotton used in manufacturing the clothe they are wearing?
This to me, is an injustice to the farmers out of the many problems plaguing the cotton farmers, and it has to be stopped, perhaps its time for those deserved heroes to be recognised.
Therefore there is need for what i call "fairtrade" which is what cotton coin (COTN) is bringing in out of many solution available to the cotton industry.
Fairtrade according to one UK website refers to ways in which consumees can work with small-scale and large scale cotton farmers accross the 3rd world countries and helps build strong farmers-consumers communication.

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ABOUT COTTON COIN TECHNOLOGIES

Cotton coin (COTN) technologies is a digital solution provider that aims to alleviate the sufferings of farmers and other stakeholders in the cotton industries using blockchain technology. Its headquarters is located in India, the company and cotton project is managed by a team of professionals spearheaded by INFOSOLUTION Pvt Limited.

THE RESEARCH, PROBLEMS AND SOLUTIONS.

After so many report and research within the cotton industry, a major company came up with a fitting solution.
The leading digital company, cotton coin technology is being practical by using blockchain technology to free the cotton industry with the implementation of a cotton coin cryptocurrency (COTN) to revolutionize and disrupt the cotton industry.
The COTN is launched to liberate the industry as a whole and to address the many challenges faced with daily, by the poor cotton farmers.

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The coin is to be used by more than 6000 companies reaching over 30 billion people across the globe.
A total supply of 20,000,000 (COTN) which is the cotton coin project ecosystem currency will be made available to users across the globe helping them to solve the distribution of cotton.
Over 250,000 of farmers has committed murder in almost all of the 3rd world countries like, Nigeria, India and some part of Asia since 1997 due to enormous debt they owe and possible loss of investment.
This clearly indicate that these peculiar people (cotton farmers) are not getting or reaping the fruit of their labour, they are being cut-off by greedy middlemen, they are also being limited due to their litracy rate, and slow responsiveness to new technology.

SOUCE

The cotton coin (COTN) technology is a game changer here, its not only going to disrupt the settings of things in the industry, where middlemen take unworthy share of the farmers profit, but it is also going to improve the distribution of both products and payment.
It will also solve the following challenges:

1. Procurement issues
2. Fighting off of corruption (middlemen)
3. Support fair trade
4. Building of trust among the cotton supply channels e.g Companies, Consumers, and Authorities in the leading markets.
5. To drastically reduce the death of cotton farmers.
   It also plans to complete the disruption of the cotton industry by planning to create 2 decentralized mobile Apps(dApps)

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FAQ

A. Why does the cotton industry needs blockchain and how can this industry benefits

(ANS)= Cotton industry unlike most industry like the entertainment industry, wealth are not equally distributed, therefore these is causing a lot of decline and frustration to the effort of farmers leading to decline in the growth of the industry. Blockchain will certainly eliminate the idea of middlemen by introducing P2P with this, the necessary people (Poor farmers) can get the accurate value for their services and in turn provide funds when necessary and as at when needed. Infact it tends to solve the problem of corruption.

B. What are some of the problems cotton coin are trying to solve, and how do they intend want to achieve that?

(ANS)= Out of the many problems plaguing the industry, there are:
i. Corruption
ii. Scams
iii. Poor working conditions
iv. Delayed payment to farmers

These problems are going to be solved by providing enough funding and building of trust among the farmers and industry, this will further reduce the rate of corruption.

C. How does it improve trust with consumers, retailers, and authorities?

(ANS)= This will improve trust because the cotton coin project will ensure that the cotton related data can never in any ways be corrupted or modified by any party, cotton coin runs on blockchain protocols that creates a trusted transaction ledger to integrate consumers supply chain participants and authorities in one incorruptible ecosystem.

D. Interesting examples of cotton coin in action, what can be used to illustrate how poor cotton farmers be helped by blockchain technology and cotton coin project?

(ANS)= There are several ways by which cotton coin can help farmers such as preventing farmers from extortion by middlemen or by not falling into any forms of fraud scam through the use of P2P technology offered by the cotton coin project technology.

E. What benefits can cotton coin bring to the world cotton industry specifically the 3rd world countries.

(ANS)= Cotton coin can bring innovation and rapid development to the 3rd world countries, by increasing their GDP, through farmers individual income. It will also encourage the government of this 3rd world countries to invest and protect farmers.

F. How the cotton coin introduce transparency and improve the supply chain in the cotton industry?

(ANS)= Cotton coin is run on blockchain protocol that creates a trusted transaction ledger to integrate consumers supply chain participants and authorities in one ecosystem, therefore their is transparency, No doubt.

G. How can the cotton coin be used to bridge the gap between the buyer and the producer of cotton?

(ANS)= This is one of the main problem that needs solving if the cotton farmers are to be saved from debt and untimely death. Hence the cotton coin technology has built-in-peer-to-peer payment network can be used as an alternative to fiat currency, offering instant payment by bypassing corrupted intermediaries.

H. How can cotton coin be used to ensure that the cotton farmers and producers be paid the correct buy price and get paid in a timely manner?

(ANS)= This can be achieved through the cotton coin two front-end B2B and B2C dApps to help to authenticate cotton sources, tracks delivery and monitors cotton prices, together with the P2P technology.

I. In what ways can integrating the cotton supply line with blockchain technology impact the overall industry?

(ANS)= This will further improve the cotton industry and will attract large investors and the industry will grow over time all over the world, there will be balance in the operation of all cotton farmers.

CONCLUSION

All in all this project has been an eye opener to me and should to all farmers all over the world, infact i have watvhed some video testifying to the success that this project can achieve and will achieve, if you have can just click the lknk below then you can watch this short videos of farmer testimonies..

MEET THE TEAM

SHIV KUMAR (CEO)

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MSc in mathematics and theory of relativity from Magadh University. He is the CEO of Jingle Infosolutions Pvt Limited, a top software development company in New Delhi, India, As a pioneer of Enterprise Resource Planning(ERP) software for India's textile companies.
Shiv and his staff of 25 have extensive knowledge experience and contacts in cotton industry.

TAKESHI (Technical Director)

PIOTR LEIB (Community Management)

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BSc in computer science from Wroclaw University of Technology, Poland. Founder of of promib a chain of computer hardware shops in Poland. A respectable steemit influencer, Piotr takes charge of community management for cotton coin and other infinitus. This team organizes articles, contests, and other event to raise awareness for cotton coin project (COTN).

For futher information please check the official website of the project.

https://www.cottonco.in

https://steemit.com/contest/@crypto.piotr/cotton-coin-technology-my-first-sponsored-review-writting-contest-130-usd-in-rewards-pool

Kudos to @crypto.piotr for giving steemians the opportunity to express themselves and to show case their talents..
Thanks for reading cheers...