Suicide and the Cotton industry - Cotton Coin's Blockchain Solution

in cryptocurrency •  11 months ago  (edited)

Can Blockchain Help Prevent Suicide?


Around 20 million tonnes of cotton is produced globally every year. And this volume of cotton represents about half the material used to make clothes and other fabrics across our lovely globe.

Source

I've been more than familiar with the environmental impacts of the agricultural industry for a long time. And I'm more than aware of how environmentally damaging the cotton industry itself can be.

Of all the crops and animals that are farmed as part of the agricultural industry, cotton is one of the largest water consumers. It takes, on average, 20,000L of water to produce 1kg of cotton. This amount of cotton is roughly equivalent to a T-shirt and pair of jeans. And, on average, two billion T-Shirts are sold worldwide every year. This volume of water is very similar to the amount of water required to produce 1kg of meat. For comparison, it takes about 500 to 4000 litres of water to produce 1kg of wheat. The problem here is that we then feed most of this wheat to farm animals so that we can eat them.

Water use via cotton production in Australia

In addition to water consumption, cotton is also one of the top consumers of chemicals for the purpose of pest control and fertiliser. The chart below depicts the chemical consumption of agricultural crops in the US alone.

Source

So in addition to cotton being a huge water consumer and contributing to our ongoing pollution and unsustainable use of our very limited fresh water supplies, it has significant impacts on our environment via chemical pollution in the form of pesticides and fertiliser use.

But one thing that I wasn't aware of, was how the cotton industry impacts on the cotton farmers themselves in third world countries.


The Plight of our Cotton Farmers


In India, it is estimated that one cotton farmer kills themselves every 8 hours and more than 300,000 cotton farmers have killed themselves in third world countries since 1995.

These are shocking statistics for a single industry. Cotton is, for obvious reasons, a massively in demand resource. It is one of the most in-demand commodities in the world. So naturally, in third world countries that rely on agriculture as a primary source of income, cotton is one of the go to crops to plant and generate an income from.

But there have been a broad range of issues that have plagued the cotton farmers in these third world countries. These problems range from unseasonal weather changes leading to reduced or excessive crop production (low yielding crops mean reduced income but higher cotton prices while excessive yields drive down prices, also reducing income to farmers). Rain and hail has also completely destroyed crops, leaving farmers without income for an entire cropping season.

And then there are more complex issues such as lack of government support, corruption, scams, lack of reliable credit and so on. All of these issues have placed incredible pressure on the cotton farmers of these regions. And without proper support, the farmers have been ending their lives leaving their families and loved ones to pick up the pieces.


How Can the Blockchain Help?


While the blockchain cannot fix changing weather patterns or environment issues in this issue, there is one area where it can be applied to help resolve the payment and transparency of the cotton industry. And the team behind Cotton Coin are developing this solution.

Cotton Coin proposes to:

create a trusted transaction ledger to integrate consumers, supply chain participants and authorities in one ecosystem. This peer-to-peer payment network can be used as an alternative to fiat currency for instant payment. Thus, solving the delayed payment issue to the cotton farmers.

Cotton Coin also has a backend growers-to-buyers traceability solution, to be used by over 6,000+ companies, managing more than 400,000 transactions each day and reaching 30 million people through the world with the help of our agents and distributors. A front-end B2B dApp helps to authenticate cotton sources, tracks delivery and monitors cotton prices while a B2C dApp assists consumers in buying cotton directly.
Source

Cotton Coin believes that their solution will help to improve the distribution of cotton, resolve the delayed payment issues, minimise corruption, support fair trade in the cotton industry, and help to build trust among the cotton supply chain companies, consumers, and authorities.

And most importantly, make the lives of our cotton farmers better and easier, thus reducing the horrendous suicide rates that we are seeing and experiencing today.


So when should we expect to see this solution live?


The roadmap can be found on the Cotton Coin Website (https://cottonco.in/) however the first phase of the traceability system testing is expected to be underway in Q1 2019. And to me, this is the key part of this blockchain solution that will have the greatest impact on making the lives of our third world cotton farmers better.


Concluding Remarks


It is inspiring to see blockchain being used in industries like this to bring about positive change in our world. Will this currency be the ultimate solution for the cotton industry? I don't know. But I have high hopes that this is a key part of solving the horrendous rates of suicide that we are currently seeing in this industry and that blockchain can aid in improving the likelihoods of the cotton farmers in our developing nations.

Personally, I'll be keeping a close eye on the development of this project. It's rare to see a project such as this being developed. If you'd like to learn more you can check out:


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Greetings @mazzle

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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Thanks :)

We need to get some votes landing on your account. A rep of 35 is just not good enough.

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Greetings @mmazzle

linia2-small.png

Thank you for your kind comment. Indeed rep 35 is very little. We're just discovering what Steemit is about and learning about this platform.

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

Well compiled and enjoyable to read. I too was unaware of the suicide rate of farmers. One of my favorite contest entries.

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Thanks! The suicide rate is very scary to be honest and the potential for this coin to help alleviate that is the only reason why I paid attention to this project.

Interesting development. I'll keep an eye out for this one. Thanks, Mazzle :)

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No problem. I'm very curious to see where it goes as well.

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I love to see how responsive you are @mazzle

Steemit need people like you :)

Yours,
Piotr

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I do love this platform. I’ve met so many great people here.

@mazzle Helpful project for cotton farmers. Implementation of blockchain in supply chain is always a great idea.

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Thank you for your kind comment @lets-steemit :)

Dear @mazzle

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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Happy to help mate. I'm impressed with the response to your contest as well. The size of the prize pool was obviously very attractive along with a coin that resonates with people.

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Please accept my appplogy for such a late reply @mazzle

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.

I've been quite amazed with response as well.

The size of the prize pool was obviously very attractive along with a coin that resonates with people.

My major goal was to build more engagement between those who joined contest. So each of over 10 judges has been asked to leave some supportive comment to each of selected winners. That seem to work super well. Even if some people won't get reward - at least they will get few valuable followers.

I believe this is great way to help this community grow :) What do you think?

Yours,
Piotr

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  ·  11 months ago (edited)

I absolutely agree. I’ve left some comments on some of the entrants to show some support and encouragement. There have been some great entries.

It’s going to be a challenge to judge this contest.

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I love to see how responsive you are @mazzle

Steemit need people like you!

It’s going to be a challenge to judge this contest

Very true :) It's very time consuming.

Cheers, Piotr

@mazzle great review, thank you for participating and good luck!

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

Thank you for giving us the facts about cotton and the Cotton coin. You presented the facts in a way that I could remember well.

Of all the crops and animals that are farmed as part of the agricultural industry, cotton is one of the largest water consumers. It takes, on average, 20,000L of water to produce 1kg of cotton. This amount of cotton is roughly equivalent to a T-shirt and pair of jeans. And, on average, two billion T-Shirts are sold worldwide every year. This volume of water is very similar to the amount of water required to produce 1kg of meat. For comparison, it takes about 500 to 4000 litres of water to produce 1kg of wheat. The problem here is that we then feed most of this wheat to farm animals so that we can eat them.

Your cotton coin review was just awesome and i liked it so much, i have followed you we can support each other in the future..

This is another best seller i have read @mazzle, your review was splendid and i must say very professional. I think your entry would make it to the top 10 in my honest opinion
@antigenx

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Thanks mate, I appreciate the compliment.

Great entry, definitely one of my favorite. I like that your article is quite succinct, and at the same time substantive and interesting. It was a pleasure to read this piece of text. Thank you for your engagement and professional approach. I wish you best in Piotr's contest!

P.S. I followed you and hope to see more interesting content on your profile :)

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Thanks @neavvy, I appreciate your compliment. And your follow of course. :)

You have been able to instruct me as to the value of cotton worldwide wide graphically. I kudos you for that. The strenuous engagements it naturally demands to produce it was also detailed. I cannot but say you have done just well here. Excellent!

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Thank you :)

Hi there @mazzle

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

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  ·  11 months ago (edited)

Hi Piotr,

I'm looking forward to seeing the winners of the contest! I'd love to collaborate in the future in any manner that you'd like. I'm happy to help in whatever form will be most helpful.

I'll shoot you an email shortly to give you my email.

Thanks!