Cotton Coin disrupts the cotton farming industry with blockchain technology, offering instant payment and an advanced traceability system. This helps to resolve some of the pressing issues in cotton farming in 3rd world countries, where an alarming suicide rate due to indebtedness is seen. But Cotton coin does have some advantages as it can be really important to the new world of crypto. Also this currency can be a tool that raises millions of people out of poverty in rural and urban areas while rewarding small and mid-sized family farms that practice sustainable, organic food production systems. Cotton coin seeks to procure solutions to the several challenges facing the stock market. Cotton Coin integrates consumers, supply chain participants and authorities in one ecosystem. It helps to authenticate cotton sources, track delivery, report issues and monitors cotton prices
Provide Good payment method with foreign clients
Solve the problem of slow and non-payment by agents
Provide a decentralized system for transactions
To Revolutionize the cotton industry
To Provide instant payment option perfect for the export market.
The current problem in the industry Beneath all that beauty and glamour, expensive clothes and famous designers, lies a very serious problem. More than 300,000 cotton farmers in 3rd world countries like India have killed themselves since 1995. Mostly by hanging or drinking Mosanto, a very potent pesticide.
A study by the International Food Policy Research Institute found indebtedness and hopelessness as the main reason. The causes include a lack of reliable credit, debts, changes in government policies, cropping patterns, plant and insect resistance to pesticides, and even shifts in the crops planted on the farm.
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