Cotton Coin The crypto that would help save lives in the Cotton Industry

in cottoncoin •  11 months ago  (edited)

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How Cotton Coin would be able to disrupt and improve the cotton industry around the world. Helping both farmers and their customers?

To answer this question we have to see the existing state of affairs in the cotton industry For this let me introduce you to a cotton farmer working in a 3rd world country. He has no face, no identity and no voice. He works 24X7 in the fields. There are no Sundays or holidays for him.

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He toils endlessly in the fields with the hope that when the crop is ready he would get paid. He works under poor working conditions.
Payments to him are often delayed and at times never happen. The government tries to support the farmers by giving aid, subsidies and fixing a minimum purchase price. However due to a centralized nature of fund disbursement and lack of information flow funds and support rarely reaches the worthy and rightful farmers. A lot of these payments are delayed, the money is lost in scams and ends up in the pockets of middlemen.

The cotton farmer has to face the environmental pollution as he toils endlessly in his fields without any cover or shield.

Due to the changing weather and hostile conditions his cotton produce may drop or quality may suffer due to erratic weather and ozone depletion.
Without any support he is the victim of corruption, exploitation and scams.

So next time you pick up a cotton garment spare a thought for the cotton farmer who grows cotton that is used to make 50-100% of our clothing and 80 % of our bedding.
Yet the only time we get to hear about him is when he hits the headlines that is when he kills himself by hanging from a tree or consuming a potent pesticide like Mosanto.

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So what would Cotton Coin do ? They bring in a blockchain.
A blockchain is like a ledger, a record book that keeps entries and records of all transactions.
So information like sending of cotton as it passes from various check points from the farmer to the cloth factories and finally into the hands of the consumer can be logged for easy reference. Along with it even payments that are supposed to reach out to the farmers can be done instantaneously keeping out the middlemen who cause corruptions and scams.
The beauty is that this Blockchain is available to all the involved parties to be scrutinized and validated. So there would be no place for the corrupt to hide. This transparency also helps build trust.

No party can make an excuse and delay payments, The deliveries can be validated and it can also help investigate any delays and malicious trade practices like poor quality cotton being provided by a middleman in place of a high quality variety or stealing of part of the consignments while in transit. This would be easy to detect helping in preventing losses to the involved parties.
That is not all, farmers can find the prevalent market prices and can expect to get the best market rates for their produce. Information like soil testing, crop testing would be easily available to them making their lives easier and more productive.

Cotton Coin is creating an ecosystem where data can flow easily in the cotton industry without the risk of corruption or modified to suit individual needs for this it is implementing.

Versatile Traceability System

Versatile Traceability System.jpg
When it comes to moving the cotton from the farmers to the consumers there are a lot of processes involved. For each country the process may differ. Cotton Coin is creating a modular structure breaking down this entire process into a series of logical steps. This could help to customize the process flow and data requirements according to needs by using the modular nature of the Cotton Coin as building blocks to create more complex and customized models.

The Cotton Coin Project would use its specially built dApps to scan shipping labels having QR codes to read/write/update data about a tracked item.
This would help the easy flow of information between various checkpoints and the involved parties.
This not only helps track shipments but also pinpoint reasons of delay and create a rating system that can help assign performance based rating to suppliers and help build trust based upon performance.

It Supports Responsible Consumer Behavior as a dApp available to the consumer would help them check the history of the cotton and also its quality.
The consumers would be rewarded for doing these checks and earn CottonCoin tokens.

Industry Management Tool ~Practical Implementation of Cotton Coin


The Cotton Coin project would provide a B2B dapp. Which is a multilingual mobile admin dApp, optimized for low-end phones.
The use of dApps is role based to suit various industry roles such as a refine house, Packaging house etc. Based on the process each participant who uses the dApp has his own set of processes, menus and functions such as:

"Logistics transactions - sending and receiving transport, verifying information provided by the previous step"
"Cotton safety information - providing weight, package number, farm name, etc."
"Identification tool management – inventory and ordering of identification tools and transactions"
"Authority tools – functions of the supply chain enforcement for the authority."

The mobile dApp would use the phone's camera to read the 1D/2D barcodes to identify items (Cotton package, transport, Cotton product) as part of processes.
b2b-dapp.jpg

Standard interface Compatibility
CottonCoin is compatible with 3rd party logistics and traceability solutions.
CottonCoin would enable the passing of tracebility information to and fro 3rd party logistic companies.

CottonCoin project would enable that the Supply chain participants get daily, weekly and monthly reports that that both tables and charts related to the activity for easy understanding.

B2C Consumer Mobile dApp
Targeted at the consumers the CottonCoin B2C app would help the Consumer view the history and the characteristics of cotton they are buying. To do this all they need to do is scan the QR code.
Blockchain is implemented to achieve two aims

  1. The Token Transaction Ledger
    A public network would be used to implement the token payment solution.
  2. Traceability Transaction Ledger
    Transaction and cotton related information would be stored on a private blockchain and driven by an internal technical token that is the transaction token.

The supply chain company would have 2 wallets
a) The Cotton Coin wallet on the public network and this can be accessed via the Cotton Coin mobile app and
b)Transaction wallet : This is on the private network and this can be accessed via the B2C mobile dApp.

Instant Payments


The more I study about Cotton Coin the more I get fascinated by the instant payments system that can bypass the corrupt people and ensure that the farmers get timely payments.

The Cotton Coin tokens can be used as a currency to buy and trade information.
The supply chain companies can set a price for the cotton related data and they can get paid in Cotton Coins for this information.

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An overview of the Cotton Coin System

A B2C app for the consumers

b2c.jpg

Conscious Consumers would be rewarded for using the B2C app to scan a QR code on a cotton product and find more information. A smartcontract would release Cotton Coin tokens from the cotton coin consumer rewards wallet to the Consumers cotton coin wallet.

These Cotton Coin tokens would be listed on exchanges and can be bought and sold there.

However even before that there is an opportunity to own a Cotton coin smartnode and support the Cotton Coin ecosystem. A smartnode holder would earn cotton coins daily.
3000 Cotton Coins are required to run a smartnode. Currently as I write this post a Cotton Coin smartnode Presale is under way.

So as consumers we can become more aware citizens and support the cotton farmers by tracking the QR code present on the garment with the Cotton Coin B2C app. This would help spread awareness about the state of the cotton farmers and encourage companies join the Cotton Coin ecosystem and save the lives of the Cotton farmers.

Those who want to make use of the smartnode opportunity can find the details here.

The purpose of this post is for information only and not an investment advice.Please do due diligence before making an investment.
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

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

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This is great please try to make your cotton coin link more in the article
On behalf of @crypto.piotr

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I tried to do that but steemit would not let me edit it any more

Greetings @thetimetravelerz

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

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Greetings @thetimetravelerz

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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

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by thetimetravelerz 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.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Dear @thetimetravelerz

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

Wow!, very creative of you. Thanks for participating and good luck!

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Thanks :)

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It's a pleasure!

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.

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Thanks for taking the time to go through my post I really appreciate your kind words

“No Sundays or holidays for him”. It is these type of message that the media needs to begin associating with crypto.

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Ya you are right about that :)

I think I like the way you started your post it was cut.
I wish you best of luck

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Thanks :)
I wish you good

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Thank you as well
what is the state of agriculture and the state cotton industry in your country

you put in a lot of efforts to research on cotton coin, it turned out perfect. it was a great read i must say.@thetimetravelerz

This is very impressive. I love the concept you adopted by making use of a farmer from the beginning of the post which explains how the farmers are really suffering and cheated after their strenuous effort and how Cotton Coin will solve those problems. Nice write up🙌. I wish you success in the contest 💗😁.

Thanks for sharing this great post with love [email protected] 💗

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Thanks for your support and wishes
Good Luck toy you as well @hardaeborla

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You are very welcome 💗