Cotton Coin: Creating A More Transparent, Secure And Profitable Cotton Industry

in cottoncoin •  last year 

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Introduction

Cotton Coin is an innovative project developed to eliminate the bottlenecks in the present cotton industry - mostly cotton industries in third world countries. This project incorporates blockchain technology into the cotton industry distribution chain to ensure data authenticity, transparency, security and payment ease.

The mission of this project include:

  • to make cotton more transparent
  • to democratize access to cotton related information as a common property
  • to enable technology to become authority
  • to reduce the scale and effects of epidemics and cotton frauds in emerging markets
  • to educate people through incentivizing conscious consumer behaviours
  • to help small industries to be more competitive. Etc.

The current cotton industry

The current cotton industry is plagued with numerous challenges that are preventing most cotton farmers and stake holders in the industry from reaping the benefits of their Labour. Regardless of the huge opportunities in the industry, only a few people are enjoying the benefits while the rest are left to wallow in poverty despite their huge contribution to the industry. Some common problems plaguing the present cotton industry include :

  • poor working condition
  • delayed payment to farmers
  • poor cotton quality
  • corruption
  • lack of trust among key players
  • difficulty in accessing cotton's data or information
  • scams
  • lack of government support
  • environmental pollution. Etc.

These problems are costing both the cotton farmers and some key players in the cotton industry greatly that if not addressed will continue to hinder the progress of the industry.

The cotton coin's solution

Cotton coin will eliminate the bottlenecks in the current cotton industry by introducing a technology which will ensure that Cotton related data cannot be corrupted in any way by a third-party. Cotton coin will do this by incorporating a blockchain protocol that creates a trusted transaction ledger to integrate consumers, supply chain participants and authorities in the ecosystem.

Through this project, cotton farmers will have high assurance of receiving payments for their products and every participant in the cotton industry are ensured of satisfactory services. Some key benefits this project will bring to all stake holders in the cotton industry include:

  • fast and secure payment system
  • it will build trust among the various stake holders in the industry
  • easy access to cotton data
  • constant update of ongoing trends in the industry
  • transparency and security is guaranteed since blockchain technology will be incorporated into the system
  • quality of cotton product can be easily verified
  • supply chain companies can easily be accessed and verified
  • monitoring and comprehensive tracking system
  • ease of transaction of cotton business
  • cost reduction. Etc

The benefits this project will bring to the cotton industry will be felt by all the stakeholders in the industry with no exceptions. Thus, they should all lend their support to this laudable initiative of cotton coin.

Utility Token
cotton coil will be the major utility token of this project. It's the crypto currency that will be used for all transactions and payments for services. cotton coin is an ASIC resistant utility coin with X11 hash algorithm. It's the heart of the project and can be exchanged for fiat currencies.

Cotton Coin's dApp
cotton coin has created two major apps to ensure the effectiveness of this project. These apps are optimized to function in most mobile devices and they are easy to navigate. These apps will ensure smooth information sharing and transactions among the members of the cotton coin's ecosystem. The first app is the B2B app designed for the major stakeholders in the industry and the other app is the B2C app designed for the consumers. These apps are designed with great features and loaded with great information and services about the cotton industry. they will keep all participants in the industry abreast with various happenings and trends in the industry.

Conclusion
This project will bridge the gap between buyers, producers and all stakeholders in the cotton industry and it will open the industry to more opportunities and make it more competitive. i implore all stakeholders in the cotton industry to give this project the required support because it will be of immense benefits to them.
Visit any of the links below for more details about this innovative project:

Cotton coin's website

Cotton coin whitepapers

Facebook

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

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Greetings @resuscitate

linia2-small.png

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 14/07/2018. 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

Dear @resuscitate

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

I understand. I've already seen the update on your blog. You can take as much time as you need. Thanks for giving us the opportunity to participate in your contest

Thank you for your understanding @resuscitate and patience.

Yours, Piotr

Not many people mention Cotton Coin opening up competition. It does, and it can level some of the playing field for smaller enterprises. Good post.

Thanks.

Your piece is brief and concise, I wish you the best as the judges slide through the process of decision making

Thanks

Hi @resuscitate
Your are welcome any time.

I like to ask you how will you score this project on a scale of 1 to 10?

What do you perceive could a challenge to it execution?

The project is a very laudable one i think one ofvthe major challenges will be how to get the uneducated cotton farmers in third world countries to be aware of this wonderful innovation and be able to use the technology for their benefits. Awareness is a very critical aspect of such a project.
On a scale of 1 to 10 I'll score it 8. if it can be implemented to the fullest it will save cotton farmers and dustributors a lot of stress and finance

Please @resuscitate where are you from (country)?
how did you get know about blockchain and steem?
How do you find its volatility?
What is your level of engagement with crptofinance?

I love to see how responsive you are @resuscitate
Steemit need people like you!

Cheers, Piotr

this is a detailed post about cotton coin, very easy to read with quality information. wishing you luck in the final results.
@antigenx

Thanks for going through it. I appreciate

Hi there @resuscitate

Just wanted to express again how thankful I am for your latest support regarding participating in my little Cotton Coin contest.

Im glad to see that you're very responsive. Not everyone here on Steemit makes an effort to reply to comments. Im glat to see that you do.

ps.
Small reminder: I will announce winners this saturday 14/07/2018. Stay tuned! :)

Important: perhaps you would like to collaborate in the future. Either as a judge or help me organize another contest or simply participate as a writer?
Drop me a message to my email: [email protected] and let's stay in touch :)

Cheers,
Piotr