Cotton Coin: The Cotton Industry Inside Blockchain

in cryptocurrency •  11 months ago  (edited)


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First of all I would like to thank @cripto.piort for this contest because it has helped me to know and understand the problems of cotton farmers around the world and it is something that should not be overlooked, we must be very aware of this big problem and do our bit to solve it.

Cotton, also called white gold, is the world's most important non-food crop, with around 34 million hectares of cotton grown worldwide. Its cultivation is one of the biggest generators of employment in the rural sector, but despite this it has been shown that farmers have a much lower margin of profit, this is due to many factors including: late payments, corruption, lack of support from governments, lack of machinery and equipment, environmental pollution and mainly fraud and theft by intermediaries, wholesalers and large companies. The entire cotton industry in general is also constantly affected by demands, inefficiencies, debates and mistrust that affect the economy of this ruble.

All these problems lead to a great monetary loss mainly on the part of farmers and because of this there is evidence in many places of news of farmers who have lost everything and have become in a great state of poverty, in India because of this there is evidence of thousands of farmers who have committed suicide which is a great misfortune that should not continue to happen.

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It is time to change this unfavourable situation and to put in place a transparent, traceable and reliable system where retailers (farmers), wholesalers and even end consumers harmoniously integrate to improve the distribution and traceability of cotton, who presents us with this solution is none other than COTTON COIN.

The Cotton inside the Blockchain

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Cotton Coin is an ecosystem based on blockchain technology that will ensure traceability and transactions related to cotton so that they are not corrupted or modified in any way in any part of the supply chain and in this way the difficult situation facing cotton farmers and the industry in general can be solved to a large extent.

Cotton Coin with its efficient solution will make the cotton industry a self-sustaining business and thus will not depend on government subsidies and subsidies, this system will reaffirm confidence within the industry and will solve many problems linked to corruption, alteration of fair prices, public procurement between different companies in the cotton supply chain and all those involved.


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Cotton Coin has an integrated P2P (peer-to-peer) payment network with which fiduciary currency can be replaced and payments can be made immediately and directly to the counterparty without the need for an intermediary as this often encourages corruption and fraud.

Cotton Coin's main focus is on the markets of developing countries, because most fraud and corruption occurs in these countries, because of the lack of solid security and because the market is poorly served, with the mobile application B2C and B2B advances in security and supply chain tracking would be made much more efficient and many problems caused by the lack of these serious quickly eliminated.

Among the attributes that Cotton Coin stands out for are its Security Alerts, which are incorporated into the entire distribution process. If, for example, any of the cotton shipments are delayed, an alarm is triggered at the next link in the supply chain to warn of possible fraudulent activity.

Also noteworthy is its Reputation System, which will be an internal system in which all parts of the supply chain will be able to both rate and visualize the score that distributors have as suppliers when making transactions with them.

Cotton Coin will also allow farmers to get fair pay for their hard work as the mobile application will allow them to view the prices of the ruble exchange on a global scale, allowing them to get a fair price and protecting them from possible scams.

B2C Consumer Mobile dApp

Cotton Coin also thanks to its mobile application will promote confidence among consumers because through the application they will be able to know and track where the cotton of the products they use comes from by reading the QR code of the products, this application will be available for both Android and IOS.

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B2B Mobile DApp

This is a decentralized mobile application aimed at members of the cotton supply chain, the application is even optimized for low-end phones, with it you can view and control the shipment and receipt of transport, confirm the verification of information, size, weight and origin of the cotton cargo, can also generate information on transactions for greater control of them. With this application you can read the QR code of the packages sent for proper identification.


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Token Cotton Coin

Cotton Coin will make sure that your currency cannot be mined thanks to its x11 hash algorithm, this is of great importance as this way miners and outsiders of the cotton industry will not be able to take advantage of this by generating and dumping cotton coin into the ecosystem.

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Advantages of Cotton Coin

  • Profitability: Cotton Coin does not make use of expensive equipment or a business integration the costs of tracking a shipment can be as low as $1 throughout the supply chain.

  • Credibility: The blockchain technology under which Cotton coin works allows you to have a totally transparent and incorruptible account book, including a Cotton security system, creating confidence between consumers and all those involved in the cotton industry.

  • Pragmatism: Cotton Coin does not intend to change the supply chain, but rather provides a tool that helps make the process more transparent and secure.

  • Consumer Participation: Cotton coin provides a mobile application for consumers to be part of their ecosystem.

  • Reimbursement: Those involved in the supply chain will be able to obtain reimbursement for providing information on traceability and security within the supply chain.

Use Case:

Imagine a farmer in Colombia who, for lack of knowledge, only has a company of doubtful credibility to sell the cotton he grows, this company taking advantage of the lack of knowledge of the farmer offers him some very unfair offers to take advantage of it, the farmer not knowing to whom else sell the cotton accepts the money to not lose all the investment he made to grow it, With Cotton Coin this situation would not happen, since with the app the farmer could enter the application and visualize within his province the companies that could buy his cotton and the fairest average price for both parties to be able to sell it and thus not "give away" the cotton that he worked so hard to grow.

Team


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The Cotton Coin team is made up of a team of professionals led by Shiv Kumar who is the Managing Director, Kumar is MSc in Mathematics and Theory of Relativity and is the CEO of Jingle Infosolutions PVT Ltd, has a lot of experience and contacts within the Cotton sector.

Takeshi is the Technical Director with a Master's Degree in Distributed Informatics, with over 15 years of experience in blockchain programming and development.

Piotr Leib is the Community Mannagement Licensed in Informatics in Poland, is the founder of Promib.pl which is a chain of hardware stores in Poland, is the person in charge of preaching the word of Cotton Coin on all platforms through events and contests, is a very influential person within the Steemit platform and that has made him be recognized as someone worthy of trust and a very determined person with his goals.

Coton Coin has a very solid and reliable team so this project is far from being just a dream, this team is working hard every day to carry forward this revolution within the cotton industry and make known how we can help the cotton industry.

Testimonials



Cotton Coin is a wonderful project that will solve all the problems that affect the cotton root industry, create a strong bond between farmers, consumers and wholesalers and all those involved in the supply chain, eliminate intermediaries to prevent fraud and corruption and thanks to the mobile application will be able to keep a safe control of cotton throughout its journey from the farmer to the end consumer. I firmly believe in this project and in what it wants to achieve, I will follow it very closely to see its progress and contribute in the best way I can.

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You did well
I love your work
Its well researched and precise
On behalf of @crypto.piotr

Greetings @roronoa07

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 @roronoa07

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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

Hi @roronoa07

Hell, that was a long week. I didnt 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. It has been my first sponsored contest and I've learned already a big deal.

Regardless if you will be one of 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 passions).

IMPORTANT:
I have almost 60 reviews to check and I want personally read each one. It make take me some time but I will definetly reply to any of yours comments.

Also: Im looking for few judges who would help me select best reviews. Please check also my latest post (contest update) for more details.

Obviously upvoted :)

Keep in touch,
Yours
Piotr

Great description, thanks for participating and I wish you luck in selections.

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Thanks a lot for your support, buddy.

Hi there, I am helping Piotr review some of the posts for the Cotton Coin contest. I like your post, it's well written, informative and has good content. You have included sources for your information and it has good perspective so I will vote for it to be in my top 10. Thank you for entering and I hope you learned from it, I know I have!

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Thank you very much for your support, I had fun and learned a lot with this contest and I'm glad you liked it, thanks for choosing me as one of the finalists.

Well researched and well covered. Recommended

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Thank you, man.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by roronoa07 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.

Well explained, and very informative article, i am helping Piotr to select the best 10 articles and i will vote for this one. Thanks for so nice and good contribution, i wish you luck on the contest.

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Thanks for your vote of confidence, buddy.

this is nice really nice in my best opinion.......@roronoa07

I wish you luck as your piece slides through analysis

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Thanks man, I also read your entry and liked it a lot, I hope you win :D

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hahahahha.........i wish i can but
it is fiercely contested with so many sleek entries
it is just safe to say that Cotton coin is designed to bring blockchain fans together with this project

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But I like to ask you further .........
where you from (country)?

What is the state of Agriculture in you country?
do your government support the growth of cash crops?

What is the state of the country cotton industry?
and how would you grade it?

A well researched post about cotton coin, i must also add that it is very informative. I enjoyed my read all thanks to you @roronoa07

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I'm glad you enjoyed reading, I learned a lot from researching the token and it's good to know that others have learned too.

Great article, definitely one of my favorite. Your post is very substantive and easy to understand. It is also interesting despite to a great amount 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 :)

I just wrote about a blockchain and made sure to emphasize the word “ecosystem”. A truly useful blockchain should be described in this way. I am very glad to have read your contest entry and hope to read more of your posts.

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Thanks, buddy.