16 Apr This #AgTech #Startup Just Built A Coinstar For Coffee #blockchain #traceability – this tech has huge potential as it can reduce the number of food products that are recalled via @qz
Tech startup Bext360 has built a Coinstar-like device to grade coffee beans and pay the farmer for them right away.
Sourced through Scoop.it from: www.forbes.com
WHY IT MATTERS: this is a concrete example of a use case for blockchain that shows it is now possible to trace the products from source to consumer. Blockchain technology provides a “distributed” system that can be “trusted”. Why is this important? recently the US FDA has recalled 207M eggs due to salmonella: with proper traceability this number could have been much much lower: https://qz.com/1252939/egg-salmonella-recall-how-to-tell-if-a-specific-carton-is-affected/
That is why Starbucks is also considering similar technologies as explained here: https://www.wsj.com/articles/bringing-blockchain-to-the-coffee-cup-1523797205
For more on the technology, see the video and explanation here: https://www.boulderai.com/ai-vision-systems-integration/