WHAT IS COTTON COIN
It is a platform that runs on blockchain protocol which creates trusted transaction ledger that integrate consumers, supply chain participants and authorities in a particular ecosystem and its involved a peer to peer payment network that can be used as an alternative to Fiat currency for instant payment to avoid fraud and other forms of insecurity during transactions.
website
PROBLEMS, NEEDS AND BENEFIT OF COTTON COIN BLOCKCHAIN IN WORLD COTTON INDUSTRY AND 3RD WOLD COUNTRIES AT LARGE
Studies have revealed that due to the lost of over 300,000 lives of cotton farmers in 3rd world countries like India since 1995 as a result of poor working conditions, delays in payment time to farmers, poor quality of cotton products, environmental pollution,corruption and more of such kind has led the team to wonder how they can bring solutions to industry by bringing back cotton related Information, by so doing SATASHI NAKAMOTO establishment of blockchain currency has help the team in discovery and establishment of COTTON COIN blockchain that will bring about monitoring and trustful transactions, timely payment and transparency through cotton coin mobile dApps. Meanwhile, Due to insatiable appetite for cotton in our garments and bedding industries, cotton coins blockchain will bring about a fair monitoring and trusted transaction ledger that integrate consumersde supply chain participants and authorities in a particular ecosystem thereby reducing the high rate of indebtedness in the industry.
HOW POOR COTTON FARMERS COULD BE HELP BY BLOCKCHAIN TECHNOLOGY AND COTTON COIN PROJECTS
Since cotton coin has a backend growers to buyers traceability solutions to be used by about over 6,000 companies, managing more than 400,000 transactions each day and reaching 30 mollion people through the world with the help of our agents and distributors, trust with our consumers, retailers and authorities shall be improve through the help of A front-end B2B dApp assist consumers in buying cotton directly and this shall encourage cotton coin blockchain introduction of transparency and improvement of cotton transactions by providing versatile solutions which will help to improve distribution of cotton through traceable solutions by providing cotton safety information such as packaging numbers, label, weight, etc.
WAYS WHICH INTEGRATING THE COTTON SUPPLY LINE WITH BLOCKCHAIN TECHNOLOGY CAN BRING IMPACT ON THE OVERALL COTTON INDUSTRY
This impact includes:
• Resolvement of procurement issues
• Fight against corruption
• Supporting of fare trade
• Building trust among cotton supply chain companies consumers and authorities in their emerging markets
• It also helps to save life of cotton farmers.
