Bext360 utilises the Internet of Things, Blockchain, and Artificial Intelligence to make the coffee supply chain fair and transparent. Coffee farmers who harvest beans place them into a BextMachine, which uses artificial intelligence to analyse the beans and grade them on quality standards. These are then recorded on the blockchain to instantly track and monitor which farm and which farmer should be paid and how much. The farmers are then paid digitally via a mobile app. From there, the beans are tracked and traced all the way from the farm to roasters to retailers to consumers. Each of these transactions is recorded on the blockchain and made available to all parties, allowing the entire chain to use the data to optimise supply chain inefficiencies, increase compensation to farmers, and enable consumers to truly understand where their products come from.
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