Cotton Coin: A Long Needed Solution that Saves Lives

in cottoncoin •  11 months ago

Most of the world uses it everyday. Few of us think about how it is provided. Cotton is one of the world’s true commodities. It is something that sustains modern life. Still, the state of the industry is deplorable for many producers.


_cotz.png
adapted from the Cotton Coin whitepaper

Cotton Coin is taking a unique approach to blockchain technology. Its solution advances the whole supply chain. From farmers and producers, to the end users, all stand to benefit.
Here is an overview of this innovative blockchain solution.

A New Approach to the Blockchain


Cotton Coin was created as a transaction ledger for the industry’s assets. Its mission statement calls specific attention to:

  • transparency
  • democratizing access to information
  • decentralizing authority
  • combating epidemics and fraud
  • educating consumers through incentives
  • support for smaller operations

The Cotton Coin network extends to more than 6,000 companies. Every day they manage an excess of over 400,000 transactions.


_cotaz.jpg
adapted from the Cotton Coin whitepaper

Backend Solution. Both end users and producers benefit from the transparency and traceability that a backend blockchain solution provides. Producers gain a viable digital transaction medium that provides operational and logistical support. End users gain confidence from the new knowledge made available about their products on the Cotton Coin network.

Frontend Solution. On the front-end, users can access a business-to-business (B2B) dApp to monitor cotton prices, authenticate distributors, and track deliveries. Additionally, a business-to-consumer (B2C) dApp streamlines direct cotton purchases. Having this much information on a mobile platform empowers individuals in the cotton industry. Cotton Coin has the potential to impact 30 million people right from the start.

The Cotton Coin network targets distribution channels, procurement issues, corruption, fair trade, building trust within the industry, and saving lives. The model is one of self-sustainable businesses over government aid.

Promoting Small Business


Cotton Coin’s network developed out of famers, blockchain specialists, officials, agents, buyers and other business professionals all coming together. Improving the landscape for small businesses is at the heart of its purpose.

Improving the Supply Chain


Third world cotton micro-industries have always been plagued by inefficiency and a certain amount of chicanery. Blockchain technology combats this by securing an auditable, transparent, and distribution ledger. All of the world's cotton supply chain becomes connected to take advantage of the most modern innovations in cryptography.

Saving Lives


One of the major driving factors behind the idea of Cotton Coin is that of improving safety and public health. The abysmal nature of third world micro-industries leaves cotton farmers with very little choice. Many of their lives are in constant danger. Securely connecting them with like-minded businesses makes them stronger. But, Cotton Coin does more than this. It delivers powerful technology that is transforming first world economies. Now cotton farmers have both a more cost effective and secure solution to support all of their hard work.

Improving the Future


Cotton Coin gives professionals in the cotton industry a real chance to make the most of their business. It improves public relations by ensuring credibility. Fraud and counterfeiting become much less of a concern. End users can connect directly to their products and the network that supplies them. Blockchain has already proven to be a fantastic technology. Who knows what will become of a fully interconnected cotton industry?

I wish to thank the contest sponsor Cotton Coin and our host @Crypto.Piotr. Further information about the business plan can be found by reading the whitepaper and @Cotton.Coin.

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Hi @machnbirdsparo

Hell, that was a long week. I didnt 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. It has been my first sponsored contest and I've learned already a big deal.

Regardless if you will be one of 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 passions).

IMPORTANT:
I have almost 60 reviews to check and I want personally read each one. It make take me some time but I will definetly reply to any of yours comments.

Also: Im looking for few judges who would help me select best reviews. Please check also my latest post (contest update) for more details.

Obviously upvoted :)

Keep in touch,
Yours
Piotr

Simple and straight to the point. I love the originality in your words. Thank you for participating and good luck.

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What a compliment, originality. TY. I feel like Neo coming out of the matrix.

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Hahaha . . .

This is defintely gonna be a best seller,i totally read from begining to end without batting an eyelid. You have a good command of words and your finishing is [email protected]

Wishing you luck bro, congrats in advance.

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tanks man!

without batting a lash.. a high compliment even if I do get paid rate for some of my work

Simple and direct approach .One of the best entries I've read thus far . Cotton.coin is definitely the way to go ! Goodluck to you buddy :)

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Much thanks. Seems like @cotton.coin is a problem solver. Need more of this attitude in crypto.

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Hi @machnbirdsparo, @danielwrites

I can only hope that @cotton.coin will manage to solve problems they are dealing with. Definetly there will be many challenges ahead of this project.

Yours,
Piotr

Hi @machnbirdsparo On behalf of @Crypto.Piotr I wish you the best in you quest for the star prize.

What do you think about your country's cotton industry? Is it vibrant? Is the processes surrounding the supply chain vague? Will there be a quick adoption of blockchain?

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For your Qs:

  • American cotton has shifted between shame and pride over the centuries.
  • Relatively, our supply chain is the least vague in the world. Realistically, anything that is from a provider navigates that same labyrinth of red tape strolling through D.C.
  • IBM, Oracle and others are already tackling bc. They know its power. Americans as a whole will adopt bc when it has matured and proves itself a powerful technology or becomes popular.

America needs bc for more than profits, but then there is poverty and death in America in the downtrodden population. People educated by the system are passed over for people who burden the very system that chooses them. I am not discussing communism here; I am illustrating the adoption of innovation. Americans bailed out the big banks in a way that a communist country would. Part of the response was to develop blockchain technology. Computers have certainly changed our world and the richer countries can afford to resist the most significant changes the longest.

I do not want to get into politics here, but here is an illustration:

  • Venezuela is poor so it turns to innovation (blockchain.) America is rich so it want to forcefully stop a Venezuelan blockchain. - Same old story of people in power who have past their prime.
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Hmmmm... you have power driven analysis here

Venezuela is poor so it turns to innovation (blockchain.) America is rich so it want to forcefully stop a Venezuelan blockchain. - Same old story of people in power who have past their prime.

From what you have said the poor countries of the world should push forward towards the revolution of blockchain as that might not be given to them by the richer Nations who have a stable systems and economy

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Agreed, poorer nations should innovate (i.e. blockchain).

Wealthy nations will be too concerned to even see poor nations. They have a lot to manage and giving blockchain technology will not be in their plans.

Consider the computer company Apple. With Steve Jobs it was in constant innovation because Jobs new that computers and innovation go hand in hand. But Apple got so big that it needed to shift its focus toward managing all of it sales. Logistics became the focus and its graphical advantages started fall.

Poorer nations should innovate and certainly not follow wealthy nations all the time because what works for the rich does not always work for the poor. It is often better to take chances with innovation and learn along the way than to follow money that has access to things that the poor simply do not.

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sorry I had some technical issues
you know this things cannot be trusted
.............when you are in the third world

but having again in the main stream of my events make me wan to sky dive

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From time to time, I hear about connectivity issues in some places. I am rather well blessed in getting and staying online. Not that it makes me enough money to be considered minimum wage (even with a master's degree).

Sky diving is awesome. I did once and would love to free fall again. Have you been?

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I totally agree with you on this one
innovation will serve emerging economies
than what it do for the richer ones

you really have so much information to share on this subject

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I am from the NJYC metro area. My runs would take me past the UN. I was schooled within the primary financial district (it is on the NJ side- not many people realize that NYC focuses on moving (trading) goods while NJC focuses on money). While I prefer the financial markets to politics, I have found politics inescapable.

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While I prefer the financial markets to politics, I have found politics
lol.................. this is a bit funny if you ask me..................

I love them both be prefer the first..lol
i

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:)

Thank you for introducing Cotton Coin at Cotton Coin Technology.

Blockchain has already proven to be a fantastic technology. Who knows what will become of a fully interconnected cotton industry?

This is an intriguing question. The more I read about Cotton Coin the more I am amazed at the potential of the block chain in the cotton industry.

I also hope the best in your endeavors,

sincerely

@mineopoly

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IKR. Not every ICO shows clear development. Hats off to small business ventures :)
best of luck to your pursuits as well

Good one yourself. People can easily understand the benefits. Cheers

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Much thanks. It is a worth project that the average person should know about. We need a different media perspective from those flashy ICOs.

Greetings you have my support!

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Thank you kindly.

This is nice and precise
I love this dear
Keep it up on behalf of @crypto.piotr

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thank you kindly

Nice explanation

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thanks

Impressive! I have learnt great lessons from this. Cotton Coin will surely help in saving lives just as you've said. Thanks for sharing lovely post o wish you success from @hardaeborla💗🙌

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Yes. Those farmers need life changing conditions. Hope to see you around.

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Yeah.. 😁💗

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Yes. Those farmers need
Life changing conditions. Hope
To see you around.

                 - machnbirdsparo


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