COTTON COIN: REBRANDING THE COTTON PRODUCTION INDUSTRY

in cryptocurrency •  11 months ago

Cotton is a soft, fluffy staple fiber that grows in a boll, or protective case, around the seeds of the cotton plants of the genus Gossypium in the mallow family Malvaceae. The fiber is almost pure cellulose. Under natural conditions, the cotton bolls will increase the dispersal of the seeds.
cotton-223736_1280.jpg
Pixabay
Cotton plant is a shrub native to tropical and subtropical regions around the world, including the Americas, Africa, Egypt and India. The greatest diversity of wild cotton species is found in Mexico, followed by Australia and Africa. Cotton was independently domesticated in the Old and New Worlds.

The largest producers of cotton, currently (2009), are China and India, with annual production of about 34 million bales and 33.4 million bales, respectively; most of this production is consumed by their respective textile industries. The largest exporters of raw cotton are the United States, with sales of $4.9 billion, and Africa, with sales of $2.1 billion
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Cotton coin Facebook

Problems associated with cotton production

Just like any other agricultural related product cotton production is faced with several problems some of which are?

  1. Cotton is prone to pests and insects attacks hence it is a very pesticide-intensive crop, and most of the cotton farmers don't have the required knowledge and skills on how to apply the pesticides.
  2. Lack of adequate equipment and technical knowledge of how to use sophisticated equipments
  3. Lack of capital and access to financial services (high cost of acquiring loans) to finance cotton production
  4. Irregular and unfavorable government policies that do not support and encourage cotton farmers
  5. Risk and uncertainty associated with cotton production is high as the farmer maybe unfortunate to production low quality cotton

How does Cotton coin intend to solve these problems?

Cotton coin is a decentralized peer to peer Blockchain whose interest is to help cotton farmers reduce their operational and production cost and in turn maximizing their output
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Cotton coin through its open ledger transaction aims at connecting the active participants of the supply chains from the farmer to the middle man and finally the consumers easily.

Cotton coin has a built-in peer-to-peer payment network can be used as an alternative
to fiat currency.

In addition, Cotton coin has a backend growers-to-buyers blockchain traceability solution that can manage more than 1,000,000 transactions each day.

Cotton coin will help to improve the distribution of cotton eliminate corruption, eliminate the activities of bottlenecks to the distribution of cotton along the value chain and ultimately support an honest and fair trade.

How can cotton coin help the cotton industry?

Versatile tracibility system

Cotton coin enables all drivers in the value chain to be well equipped with information which will aid in the distribution of cotton from the primary producer to the final consumer.

Some additional features cotton coin have put in place include, Reputation system, cotton safety alert and supporting conscious consumer behaviour

Industry management tool

Cotton coin owns an app that has the multi language functionality that allows users to keep track of transactions, have access to safety information, identification tools management and authorization for tools, standard interfaces and reporting tools

Retail and consumer tools

Cotton coin achieves this through the use of the Cotton Registry and management solution enables national or international authorities to get certain regular status reports from Industries

Blockchain utilization

Cotton coin could use the blockchain technology in its operation by making transactions carried out to be traceable and can be retrieved at any period of time as far as there is access to a mobile device

Utility token

Cotton coin can be used in various ways: it can be used as a toll to pay for transactions, as a value exchange to reward people for using cotton coin and equally to exchange information about cotton supply chain

Some briefly outlined advantages of cotton coin are;

Credibility

Introducing blockchain to provide an incorruptible, unalterable ledger, combined with a smart Cotton safety alert system creates trust among consumers, authorities, and supply chain companies.

Cost effectiveness

To keep costs down, Cotton coin doesn’t
require to use costly equipment or enterprise
integration. The cost of tracking an item can be
as low as $1 throughout the whole chain.

Methodology

We have a top-to-bottom implementation roadmap for emerging markets, which describes how to organize, train andcommunicate such implementation.

Consumer involvement

We provide a mobile app, and a token based
motivation system to consumers to act more
consciously when shopping for Cotton.

Pragmatism

Changing processes of the supply chains need
time. Cotton coin doesn’t disrupt current contracting or payment methods. It extends them with trusted technologies.

In conclusion, Cotton coin is an idea that is viable and has prospects of standing the test of time, and I believe that farmers will equally gain from its use as one of its functions is connecting farmers with suppliers and possible customers. The only challenge I see them facing is reaching out to rural farmers but with the help of extension officers and agents they will be able to bridge that gap. Cotton coin would be beneficial to cotton farmers in developing countries because they would assist the farmers by connecting them with potential buyers and assist in speeding up the transaction time.
some useful links

Cotton coin website
Cotton coin whitepaper
Cotton coin steemit
Cotton coin facebook
Cotton coin twitter
Cotton coin telegram
Cotton coin Github
Cotton coin Bitcointalk
Cotton coin Discord

All unsourced information was gotten from the cotton.co facebook page and white paper.

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Both well organized factual material and background story about cotton. I really enjoyed your post.

Dear @amikable

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

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thank you very much @crypto.piotr it feels good to know that someone is noticing the efforts I have being making... I'm doing all these because I see this as an opportunity to improve my writing skills and expand the scope of my knowledge, I am willing to work in whatever capacity you see fit.
I will monitor your page to know when you'll be making a post for the judges.
Take your time in the review there's no need to rush after all it's a contest and the best people have to win 😄😄😄

Cheers

Amikable

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Please accept my appplogy for such a late reply @amikable

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.

Thank you for your never ending support. I appreciate it a lot

Yours,
Piotr

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@crypto.piotr
No problem sir I sent in a mail I hope you have seen it

Greetings @amikable

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

·

Greetings @amikable

linia2-small.png

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

Great description, thank you for participating and I wish you luck.

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Great description, thank
You for participating
And I wish you luck.

                 - ajongcrypto


I'm a bot. I detect haiku.

Congratulations, your post is incredible, it has valuable information! You have my friend support ...

Hi @amikable
from this statement

The only challenge I see them facing is reaching out to rural farmers but with the help of extension officers and agents they will be able to bridge that gap.

You sound like you know a bit more about agricultural processes when it comes to extension

.......................are you into agriculture, Is your country into cotton production? Do your government favor it processes?

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@maxiemoses-eu Yes, I'm into agriculture I'm studying agricultural economics and extension I'm in my final year now.
Cotton is not "widely" grown in nigeria as other crops like cassava, rice, groundnut, sorghum etc hence there is presently no government policy available for its production

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@amikable your from Nigeria, lol............
I am Nigerian as well and I understand you statement first hand,

But as a specialist in the field of agriculture you have a bit more information on this than what I will brag of.

What models do you think extension workers will use to spread the @cottoncoin message to farmers unaware of blockchain processes

On behalf of the @cotton.coin team I wish you much luck as you slide to success with this quest

Dear @amikable, you have an 'amicable' post about cotton coin just like your name. i must say it is very simple to understand and contains very useful information. congratulations in advance @amikable

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@antigenx you sure have a good way of praising someone 😅😅 I appreciate, agriculture happens to be my area of specialization so I just wanted to make it short and simple

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They say the truth is always bitter ..lol😋

The ways you have used different concepts to explicate your points made them very clear helpful. You have in this way made it possible for readers with different notions to understand your own contributions. Brilliant job done. Kudos!

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Oh my!! @jodekss 😄😄😄 Thank you so much for the kind words I didn't know the post would attract good comments such as these I really appreciate. I wish to improve over time. 🙌🙌🙌

Cheers

Amikable