Cotton Coin Agenda
The Coin For The Cotton Industry
Urgent Need To Put The Whole Cotton Industry In The Blockchain
Ideas have been circulating in the vine stating that farming will get the best treatment out of all industry out there if we are going to open source it like most of the softwares which are popular nowadays. While the idea is noble we also have to think about proprietary issues regarding the platforms that seek to address the problems that has been plaguing the sector. Cotton Coin has the best solution out of all the competitors in the market to date. Cotton Coin will serve as a one-stop-shop for the stakeholders of the Cotton Industry simply by placing all the aspects of that industry in the blockchain. By bringing cotton farmers, small industries, medium industries and institutional investors closer together the stage is set for a very efficient procurement, distribution, packaging and delivery system never before seen in the history of mankind.
Cotton Coin And Innovative Solutions
The main focus of Cotton Coin is the plight of the cotton farmers specifically in India and Pakistan. This time uprightness and fairness shall prevail as Cotton Coin will bypass all the obstacles that prevents cotton farmers of the said countries from receiving just compensation for all their hard work in the farmlands. Cotton Coin will also address the issue of water supply, soil fertility and pest control that limits the yield of the cotton farmers which is detrimental to the textile, garments and fashion industry. Cotton Coin founder's are really alarmed by the high suicide rate amongst cotton farmers which will limit the overall output of the industry which is why Cotton Coin has set up a benevolent pricing mechanism that will serve the best interest of the cotton industry most especially the cotton farmers.
How Cotton Coin Will Achieve That
They have created a very transparent database of cotton growers and cotton buyers which facilitates and expedites the process of procuring and acquiring the raw materials from seeds to clothes. This particular database has a very easy to use interface which takes the form of a business-to-business decentralized application. Decentralized, meaning it doesn't have a central point of failure, it will exist as long as the blockchain exist. Cotton Coin also made sure that it is available in several languages which will introduce and expose ordinary users to the billion dollar industry of cotton. The decentralized smartphone application is role based, meaning the interface will be customized according to your role in the cotton industry.
Improving Trust With Consumers, Retailers And Authorities
A direct contact with the farmers will definitely improve the trust since there is no other way to produce pure cotton but through farming. The transparency of the blockchain is also the key element since every single procedure will be seen by all. From the produce to delivery everything will be seen and nobody will be treated unjustly and unfairly.
The Benefits That Cotton Coin Can Bring To The World Cotton Industry Specially The Third World Countries
Efficiency is the word that best describes the benefits that Cotton Coin can bring to the table once the full system is implemented. Logistical nightmare will be a thing of the past. Supply line disruptions will be a thing of the past. Suicides amongst farmers will be a thing of the past. Bad business practices will be a thing of the past. All of the above items translates to higher revenues which will make poverty and third world a thing of the past.
Introducing Transparency And Improving The Supply Chain In The Cotton Industry
Apathy is the real cause of disruption in the supply line of every single industry imaginable. We have to take into account the most important element of systems analysis, design and implementation which is the people that is involve in the system itself. If you can implement a system that fosters fairness you will immediately see that people will be eager to work in conjunction with institutional investors and industry leaders. If you develop an application which supports fairness then you can be sure that productivity will not decrease, production line will not decrease and supply lines will not be disrupted. Cotton Coin will deprecate apathy by introducing and placing the whole industry in the blockchain. That procedure alone will introduce tranparency to the cotton industry. As of this moment only Cotton Coin can implement the needed solution to address that issue.
Bridging The Gap Between The Buyer And The Producer Of Cotton
In the first place the gap only exist because of unnecessary middlemen who are just out to maximize profits for themselves. Eliminate the middleman and you can maximize the benefits for the stakeholders which includes the farmers who are always being treated like low class citizens even though their role is the most important of all. Cotton Coin will enforce a system that does nothing but efficiently tap the cotton industry thereby ensuring an incidental equilibrium that will benefit the stakeholders.
Use Case Scenario
Since everything is transparent when a plague hits a cotton plantation somewhere in Asia every single one of the stakeholders will react in a swift manner. One of those quick solutions will be to plan on how to disseminate the natural predators of a the plague or resort to using herbicides, fungicides and insecticides. Everyone will feel the impact of the plague so the best solution will be selected by the stakeholder themselves. If the measure fails then everyone can brace for the impact of the failure. No one will be kept in the dark.
Ensuring That The Cotton Farmers And Producers Be Paid The Correct Buy Price And Get Paid In A Timely Manner
What gives everyone the advantage in this particular platform is its inherent ability to identify the right buyer for your produce, the right supplier for your clothing line, the right financier for your business, and the right logistics partner for your by-product. This will ensure the appropriate pricing. Everyone has a say in the system since from the very beginning this should be the system in place to properly enforce a proper pricing mechanism.
In What Ways Can Integrating The Cotton Supply Line With Blockchain Technology Impact The Overall Industry
The one-stop-shop concept is the key to solving the issues regarding profitability amongst businessmen and affordability amongst consumers. The present system which prevails in our society is middlemen centered. The blockchain system is efficient since it is peer to peer which allow for direct contact with the institutional investors. The middleman system on the other hand is clunky and inneficient so removing them from the situation will improve the supply line. The Cotton coin's system will make the pricing fair and just for the farmers, businessmen, investors and consumers.
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