The Ministry of Commerce and Industries has launched a blockchain based e-marketplace app for coffee.
a. Coffee
b. Tea
c. Mango
d. Rice
Details:
- The e-marketplace helps farmers integrate directly with markets in a transparent manner, allowing them to realize fair prices for their produce.
- The blockchain technology will help in reducing the number of intermediaries between coffee growers and buyers and help farmers double their income.
- The blockchain-based marketplace app for trading coffee brings transparency and maintains the traceability of Indian coffee from bean to cup.
- The blockchain-based marketplace app by facilitating direct access to buyers, it will reduce growers' dependency on intermediaries and help them get a fair price for their produce.
- The coffee board has collaborated with Eka Plus for the development of the app.
One must know:
- India produces one of the best coffees in the world and a considerable portion of it comes from small coffee growers and tribal farmers.
- Although Indian coffee is highly valued in the world market, the share of farmers in the final returns from coffee is very low.
- The Blockchain Based e-marketplace app is expected to help farmers in gaining higher returns.
Question:
Q. The Ministry of Commerce and Industries has launched a blockchain based e-marketplace app for which product?a. Coffee
b. Tea
c. Mango
d. Rice
Answer to the above Question is "a"
