CONTENT: Blog
DENVER, Colo., January 26, 2020 /3BL Media/ – A blockchain project supported by Arrow Electronics has increased revenue for Honduran coffee growers and helped them establish long-term buying relationships.
Moving Up the Coffee Chain via Blockchain, a collaborative project between iDE (International Development Enterprises) and Bext360, captured the 2019 Arrow Innovation in Technology Award for its plan to use blockchain to connect Honduran coffee farmers with roasters in the United States. In the year since winning the award, iDE and Bext360 have used blockchain solutions to provide more transparency in the supply chain process, offering a way for the various players involved to more accurately track the numerous transactions that are typically handled through a complex paper trail. The award was administered with help from the Posner Center for International Development in Denver.