Bext360 Grades Coffee Beans, Issues Payouts over Blockchain to Farmers
Coffee, it is hard to refuse the fantastic beverage, even blockchain technology can’t say no to it. Bext360, a Denver, Colorado based company has implemented distributed ledger technology and artificial intelligence to upgrade the coffee supply chain. The technology platform combined with a Coinstar like hardware is capable of sorting the coffee beans and tracking its movement along the supply chain. At the same time, it can also issue payouts to the coffee growers instantly. The company, founded by Dan Jones aims to make use of technology to improve upstream supply chains of key commodities to enhance the lives of the community responsible for producing them. Categorized as an agritech startup, Bext360 has already raised $1.2 million in venture funding to release the first product targeting coffee growers. According to reports, the platform utilizes machine vision and artificial intelligence to sift through each coffee bean fed into it and separate them into three grades — Grade A, Grade B and Grade C. The proportion of different grades will decide the payouts to the farmers. The Bext360 coffee grading machine is capable of processing 30 kilograms of coffee cherries at a time, and once it’s processed, producers can choose to receive…
Link to Full Article: Bext360 Grades Coffee Beans, Issues Payouts over Blockchain to Farmers
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