July 19, 2018
DescriptionThe Cotton Coin project is a humanitarian effort created to give hope and save the lives of third world cotton farmers. Cotton Coin runs on blockchain protocol that creates a trusted transaction ledger to integrate consumers, supply chain participants and authorities in one ecosystem. This peer-to-peer payment network can be used as an alternative to fiat currency for instant payment. Cotton Coin also has a backend growers-to-buyers traceability solution, to be used by over 6,000+ companies, managing more than 400,000 transactions each day and reaching 30 million people through the world with the help of our agents and distributors. A front-end B2B dApp helps to authenticate cotton sources, tracks delivery and monitors cotton prices while a B2C dApp assists consumers in buying cotton directly. Once ready, our versatile solution will help to improve the distribution of cotton, resolve procurement issues, fight off corruption, support fair trade, and build trust among the cotton supply chain companies, consumers, and authorities in the emerging markets. And most importantly, help to save the lives of cotton farmers. We believe that building a self-sustainable business is better than any type of government aid.