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Briefing
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- Bext360 – One-year-old startup based in Denver using mobile apps, robots and blockchains to track cafe customer’s coffee orders from crop to cup
- Bext360 Process – After coffee cultivators load daily haul of about 30 kilograms into machine, sensors and optical recognition sort, assign and link coffee cherries grades based on quality to crypto tokens tracking whole life span
- Better Farmer Incentives – Hope to better incentivize farming practices and reward farmers for harvests, unlike current unreliable process of judging crops on quantity over quality
- Stellar Cryptocurrency – Uses Stellar Lumen cryptocurrency to compensate farmers, which can handle high volumes of cross-border micropayments
- Next Steps – After successful machinery testing in California, Bext360 plans to run more trials in Uganda and Ethiopia with goal of reshaping multi-billion coffee industry
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Food and Beverage
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Organization
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Bext360, Stellar
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Source
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Original Publication Date
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October 24, 2017
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