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Brewing the perfect coffee with blockchain

ITN News Editor
By ITN News Editor January 25, 2019 14:13

Brewing the perfect coffee with blockchain

Blockchain technology is better known as the driver of cryptocurrency Bitcoin but now a U.S. coffee importer is using it to improve the lives of coffee farmers and some of the poorest communities in Central America.

Farmers like Ivonne Herrera, harvesting coffee beans in the hills above Santa Rosa de Lima, 40 kilometres outside Guatemala’s capital city who is proud of her crop.

Like most of the world’s coffee growers, Ivonne used to sell her product on the international coffee futures market, where buyers agree to purchase coffee at a predetermined price for a future delivery date, a mechanism that depresses prices and leaves them vulnerable to currency fluctuation.

ITN News Editor
By ITN News Editor January 25, 2019 14:13

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