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The majority of business operations (revenue and cost models) today rely chiefly on the supply decisions and how the supply chain is being managed as well.
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Development of a Reliable cocoa supply chain with blockchain Tracefood.io
What is a cocoa supply chain? Cocoa supply chain implies the collection of steps involved in the process of converting the raw materials into the ready-to-use final product chocolate.
Operational flow of cocoa supply chains Farmers Traders (Local) Exporters Production Trading Integration Traders (International) Cocoa processors Chocolate manufacturers Retailers Consumers Consumption
Role of blockchain in cocoa supply chain • Blockchain makes us track the products (chocolates) in real-time in a supply chain. • It cuts down the overall cost of items moving in a supply chain. • It facilitates faster and easier payment processing by both the product suppliers and consumers inside a supply chain. • It supports digital payments via cryptocurrencies and eliminates the dependency on EDI payment options.
Blockchain-based cocoa bean tracking Development of an ethical cum slave-free chocolates needs the integration of advanced blockchain technologies, since the chocolate industry is highly dependent on a crucial ingredient - traceable cocoa bean.
Applications of blockchain in chocolate production With the transparency brought by blockchain in the chocolate industry, it is very easy for the consumers to follow the movement of cocoas along the supply chain, which is depicted as follows: • How the cocoa plants grow? • Which farmers cultivate cocoa beans? • How much is the quality of cocoas? • What is the market price/worth of cocoas?
Why choose us for chocolate supply chain blockchain? • We keep on working towards the streamlining of chocolate supply chain right from the tree (raw material) to the bar (desired product). • We are not just focusing on the development of slave-free chocolates and instead, we always wish to create a matchless technological platform to get the industry to the point via blockchain.
Do you look for an exceptional chance to implement traceability for your supply chain optimization? Feel free to contact us. THANK YOU