The fate of the farmer always hangs in balance. Often the crops are poor due to a number of reasons. Choice of seeds, wrong sowing time, poor rains, inclement weather due to climate change etc.
So he gets little money for his produce.
However even when his produce is good there is abundant cotton everywhere as a result the cotton prices drop and there are no takers for his cotton.
In either condition he suffers.
A major reason to blame for his condition is the cotton industry which has neither structure nor transparency. As a result the industry lacks free flow of information.
Even the governments want to help the farmers and industry but little help is getting delivered to the farmers as there are middlemen who never let the benefits reach the farmers.
This is where Cotton Coin Comes in.
It is a blockchain based project. The blockchain would give a structure to the industry and let the information flow freely.
The Cotton Coin project has 3 distinct features
a) Instant Payment System
The Cotton Coin token can be used as a mode of payment and be used as a way to deliver payments instantly and bypass the corrupt individuals blocking payments to the rightful people.
b) Versatile Traceability System
A versatile track-able system would help create a system where information can flow in a structured manner and the flow and movement of goods can be validated and traced and tracked.
In this way both confidence and trust can be build in the system and between various interacting parties.
c) Industry Management Tool
As for those working in the Cotton Industry in various roles a B2B dApp would give them a simple to use mobile interface to track the movements of cotton supplies and validate the receiving of supplies at each stem from the farmer right up to the consumer.
The governments can use the data to formulate policies and ensure the benefits reach the farmers.
To help involve the end user there would be a B2C app that the consumers can use to track the quality and the details of the cotton product that the consumer is purchasing.
For more information please refer to the following links