bext360, a company that develops technology to streamline supply chains in emerging economies, has announced that it is launching its first product, along with its ‘bext-to-brew’ platform. This platform uses blockchain, AI, and IoT to revolutionize the coffee supply chain and bring greater equity to coffee farmers.
The patented bext360 machines will be deployed to collect and analyse coffee and make instant payments to farmers based upon quality analysis. This process provides capital to entrepreneurs by reducing the cost for lenders to monitor and collect on capital equipment loans. It will also stimulate new businesses by providing capital to process commodities in their market of origin. bext360 machines also collect data on the quality and efficiency of farming practices and then analyse supply chain dynamics in real-time to creating new business opportunities and supply chain efficiencies.