Today on World Chocolate Day, the non-profit Heifer International and IBM announced that the blockchain-based IBM Food Trust is being used by smallholder coffee and cocoa farmers in Honduras to enable them to earn more money.
A study conducted by Heifer claims that small-scale coffee farmers operate at an average of 46-59% loss. Such a stark number is likely due to the number of middlemen involved in the coffee supply chain.
Coffee has to pass through cooperatives, traders, roasters and coffee shops before it reaches the consumer. This leaves a miniscule profit margin for the farmers who first grew the beans.
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