Cotton Coin. Cotton farming blockchain solution.
Introduction
The following post will expose a tool that will greatly help cotton growers and the cotton industry. Cotton Coin, a decentralized solution based on the blockchain to manage not only payments and transactions, but also an ecosystem to record each process that goes with the cotton supply chain, from the producer to the final customer.
Current Plight
It is no secret to anybody that farmers obtain the lowest price of what they sow, it is generally the distributors, wholesalers and large corporations who obtain the greatest profit from production. Most of the time it is the farmers who live in rudimentary conditions and are exposed to the dangers of contamination by pesticides and are poorly paid, especially if they are from third world countries.
The cultivation of cotton is not exempt from these difficulties. The so-called white gold by the large clothing and textile manufacturing companies has become one of the products in greatest world demand. Representing 75% of world production (20 tons per year).
However, the cotton industry also suffers from the same problems mentioned above: poor working conditions, delayed payments, poor agricultural support policies, corruption and more.
Cotton Coin
Cotton Coin, is an ecosystem developed under blockchain technology, which will allow data and transactions on the cotton industry not to be corrupted or deleted. Integrating all the fundamental parts of the cotton industry: from farmers, producers, wholesalers, retailers, authorities to consumers. Making the entire process of the supply chain transparent and traceable by all system members.
Cotton Coin allows you to use its own token as an alternative of payment system instead of a fiat currency, which facilitates and speeds up payments, thus eliminating intermediaries that make transactions slow and expensive, especially in Third World countries, which represent the largest producers of the item.
By allowing transparency and traceability of the process, Cotton Coin will improve the distribution of cotton, thus generating a global view of cotton suppliers solving the problems of acquisition, will contribute with updated information on prices worldwide, supporting fair trade and building trust among the elements of the cotton supply chain in emerging markets. Giving a strong blow to the corruption that occurs in this world of white gold.
Offering a growth alternative to the market of small businesses established in low-income countries.
Cotton Coin will ensure that its token is not mined, to prevent users who do not support cotton farming from benefiting from exchanging tokens.
B2B Mobile DApp
Cotton Coin offers a mobile decentralized tool (DApp) for industries, which offers options for: shipment information and receipt of cargo (Logistics transactions); information corresponding to the cargo: identification number of the cargo, weight, information of origin, etc. (Cotton safety information); inventories and tools for the authorities; It also includes tools that generate reports on activities and transactions. This application is capable of reading bar codes or QR codes for identification and recognition purposes of shipments, products and packages.
Cotton Coin offers an open API for third-party companies, so they can develop their own applications and traceability solutions.
B2C Consumer Mobile DApp
Cotton Coin offers a decentralized application (DApp) mobile for customers, which will allow to know the information of the cotton they buy (origin, history, etc.). It offers a barcode reader or QR codes. This application comes for Android and IOS systems.
Advantages of Cotton Coin
Credibility. The blockchain technology on which Cotton Coin works allows transactions to be indelible and unalterable and transparent for all those who are part of this ecosystem. In addition, Cotton Coin will provide an intelligent warning system that will monitor the entire process of the cotton supply chain (from producers to consumers), which increases confidence and credibility in the system.
Cost effectiveness. The use of the Cotton Coin platform is cost low and does not require expensive equipment.
Methodology. Cotton Coin offers a methodology in detail to implement emerging markets through a roadmap.
Consumer participation. It offers a mobile decentralized application (DApp), where the consumer can be part of the ecosystem and the supply chain; through which they can participate by valuing the suppliers through their transactions and earning Cotton Coin tokens for their opinions (Reputation System).
Pragmatism. Cotton Coin does not come to change or interrupt the supply chain; It provides a tool that will make the process more transparent, making it available to everyone who uses the system.
Refund. Cotton Coin will offer reimbursements to those companies that provide information pertaining to traceability and security in the supply chain. These refunds will be in tokens.
Versatile Traceability System
The Cotton Coin ecosystem allows its users to know the entire cotton supply chain, from the producer to the consumer. It allows carrying the transport logistics and also each transported package contains the information of origin (origin, farm, etc) and history of it (cotton safety data).
Use Cases
Basit from Pakistan
He is a university graduate who had to take over his parents' cotton business. He adopted Cotton Coin to manage the methods of business payments, especially with foreign clients; thus avoiding the delay (3 days) of the banks in processing the payments of the transactions.
Wei from Hubei, China
She lives in a family cotton farm in Hubei, who have been growing cotton for 50 years and she explains that even though the world demand for cotton is great, it is difficult to be a farmer of that type, since they work every day, but the profit it is very little since they sell their product to agents who do not pay or are slow to pay, affecting them greatly. She also thinks that Cotton Coin will streamline payments, so that these agents will be forced to pay as well.
Robert from California, USA
Robert is a cotton farmer from California, who makes many exports to Mexico, Honduras and China. However, payments made from Central America and South America take too much time to process. He believes that Cotton Coin will provide a great change by providing a means to manage payments immediately and expects the Cotton Coin token to be a day as valuable as Bitcoin.
Conclusion
Definitely Cotton Coin will offer a feasible alternative to improve cotton cultivation and production globally. Presenting, in a transparent way and within the reach of any person, the entire cotton supply chain. In this way, each user: farmers, wholesalers, retailers, corporations and government entities that are part of the ecosystem, can access the information of cotton shipments throughout its process, from its production to the sale of the final customer. The best part of all is that it provides a reliable and instantaneous payment method in comparison with conventional ones, where the intermediary is eliminated, helping producers and retailers to found emerging markets.
Anexes
Key Features of Cotton Coin Cryptocurrency
Allocation of Funds
Road Map
Project Management Team
More Information & Resources:
Website: https://www.cottonco.in
Whitepaper: https://cottonco.in/wp-content/uploads/2018/06/Cotton-Coin-Whitepaper-02062018.pdf
Steemit: https://steemit.com/@cotton.coin
Facebook: https://www.facebook.com/Cotton-Coin-COTN-462763754153370/
Twitter: https://twitter.com/CottonCoin?s=03
Telegram: https://t.me/joinchat/AAAAAE72k5i5j4jsyZo5kA
bitcointalk: https://bitcointalk.org/index.php?topic=3912330.new#
github: https://github.com/cottoncoin/cottoncoin
discord:https://discord.gg/MMFPctU
Some additional info about Cotton Coin
Dubai News
NBC
If you want to participate in this contest, go to:
Thanks for reading
Hey @jadams2k18,
I'm helping @crypto.piotr to evaluate the contest and think that your article deserves to be in the top 10.
You cover every important point on cottoncoin on your article and on top of that show specific use cases from different views around the world. I like that. Thanks for participating in the contest and good luck!
That's great to know!
I'll cross my fingers
Greetings @jadams2k18
We would like to confirm that your entry has been submited. Thank you for your time and effort.
Results of this contest will be announced on saturday 07/07/2018.
Best regards, Cotton Coin Team
Cotton Coin
Thanks!
Greetings @jadams2k18
Just a small update.
Results will be announced on saturday 14/07/2018 (instead of 07/07/2018). This contest turned out to be a huge success and it may take us more than a week to read all reviews.
You can find more details visiting @crypto.piotr profile and checking out his latest post:
https://steemit.com/cottoncoin/@crypto.piotr/cotton-coin-technology-contest-update
Best regards, Cotton Coin Team
Cotton Coin
Very good! I'm looking forward to the results
Cheers!
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jadams2k18 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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Dear @jadams2k18
That was a long week and I definitely did not expect this contest to become so popular. I expected 15-20 reviews about Cotton Coin but ended up with almost 60 entries. Crazy but positive :)
Let me already express how personally grateful I am for your support. This has been my first sponsored contest and I can safely say that I have already gained and learned so much of valuable knowledge from it.
Regardless if you will be one of the awarded winners or not - I want you to know that I will do my best to check your profile every few days and support all quality content related to blockchain, AI, human psychology or crypto (as those are my main topic of passion).
IMPORTANT:
I have almost 60 reviews to go through and I want to personally read each one. It might take me some time but I will definitely reply to any of your comments.
Also: Im looking for few judges who would help me select some of the best reviews submitted. Please visit my latest post (contest update) for more details.
Obviously upvoted :)
All the best, Piotr
Thank you so much! I appreciate your comment and your support
Hi again, I recently noticed that the links Cotton Coin, from my post, were not saved correctly because of my text editor. Will I be able to edit the post to correct that error? I'm not goind to change the content. Please, let me know. Thanks
Please accept my appplogy for such a late reply @jadams2k18
Past several days has been very hectic and busy and I didn't have enough time to reply all received comments. Usually I have time to do that on weekends.
I think you can always edit your post (unless it's older than 7 days).
Hope I could help
Yours,
Piotr
Hi! Mr Piotr
Don't worry. I corrected the errors on links. Thanks for answering. I also have days like yours
Cheers!
I love to see how responsive you are @jadams2k18
Steemit need people like you!
Cheers, Piotr
Thanks! I'm very happy when someone comment my posts
I will do my best to read some of your posts related to crypto / blockchain and comment them @jadams2k18 :)
I noticed you wrote about MedicBloc. Going to read it now! :D
Yours
Piotr
Thank my dear friend! Yes, I wrote about MediBloc too. I really appreciate your comment
Well, I already corrected all the links because I can sleep knowing about these errors
Man you nailed it with this review, it was good till the end. Thanks for participating and Good luck.
Thank you very much @ajongcrypto.
I dedicated myself completely to know the project
That's awesome! It's really a project worth looking into.
Hi mate, i entered the competition as well and was going through the entries one by one. You have done an excellent job of reviewing the project and it was definitely worth reading. Great post and good luck to you.
Hello Mr. @karamyog. Nice to meet you. For me it is an honor that you have been interested in my publication. Thank you very much for reading it. And thank you very much for your comment. I am starting to get interested in the world of cryptocurrencies, the blockchain and the investment market, if you have information about it, I would like to know it
Good to meet you as well. I do post about things crypto related so please follow me for updates.
Thanks, I will
Good article, wish you luck on the contest.
Muchas gracias amigo @reinaldoverdu
In obtaining a degrees in aviation, I learned that my industry transforms third world countries to first world countries seemingly overnight. The reason is often that roads do not reach islands or mountain ranges. Thus, bringing in a highly technical aviation economy delivers local citizens high tech lives.
Maybe the best organized entry of the contest :)
Thanks for your comment. It is a good use of the technological field in favor of human help.
I appreciate your opinion
Great post! You've earned a 18.41% upvote from @dolphinbot
Join the DolphinBot Team for Daily Payouts in Steem! Click here: http://bit.ly/dolphinbot
Looking forward to see you in winners list:)
Thanks for taking the time for reading my post! I'll cross my fingers