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GrainChain’s Smart Contracts Unite Honduras Coffee Business

From: coindesk.com

Agro-focused blockchain platform GrainChain has brokered deals across the Honduran coffee supply chain to track the production and trade of beans over its smart contract system.

The launch, announced today, is starting with a 2 percent sliver of Honduras’ 7-million-bag-a-year export industry – equivalent to “10-15 percent of the organic fair trade market,” says GrainChain CEO Luis Macias, who hopes to expand its reach.

GrainChain’s rollout in Honduras comes as players in both coffee and tech embrace blockchain to tame the global coffee market. In May, Starbucks announced that it would track its global coffee supply chain on Microsoft’s Azure blockchain for the benefit of consumers who want to follow the bean from plantation to coffee pot.

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