Cotton Coin: Breaking the marketing chain

in #contest6 years ago (edited)

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Cotton is a material that we commonly use in our homes, in the textile industry and in healthcare centers. Despite its frequent use, we know little about how it is produced.

Cotton cultivation:

Cotton is a plant that is grown in different climates, it can flower in tropics, subtropics and temperate environments, however long and intense frosts can damage the crop. Cotton requires a prolonged growing season with plenty of sun, water and dry weather during harvesting. The period of growth of a cotton plant can vary between 150 to 180 days, depending on the temperature and the conditions in which it is found.

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Cleaning:

The clearing is the process in which cotton is passed through a piece that removes impurities, such as seeds, stems and others.

Bleach:

The original color of cotton is not white, so it goes through bleaching processes in order to obtain a cleaner and more pleasant color, such as we can see in the packaging.

What are some of the problems Cotton Coin is trying to solve? And how do they want to achieve that?

One of the problems Cotton Coin is trying to solve is the inequality in the marketing chain, where small producers can be affected and receive the minimum profits. With the Blockchain protocol, small producers will guarantee the fair price established by this virtual currency.

Why does the cotton industry need blockchain and how can this industry benefit?

[Cotton Coin:](https://cottonco.in/) is executed with a blockchain protocol that creates a trusted transaction book to integrate consumers, supply chain participants and authorities into an ecosystem. This peer-to-peer payment network can be used as an alternative to the fiduciary currency for instant payment.

How does trust improve with consumers, retailers and authorities?

Cotton Coin will guarantee a back-end traceability solution from producers to buyers, to be used by more than 6,000 companies, managing more than 400,000 transactions each day and reaching 30 million people around the world with the help of our agents and dealers. A front-end B2B dApp helps authenticate cotton sources, tracks delivery and controls cotton prices, while a B2C dApp helps consumers buy cotton directly.

How poor cotton producers receive help from blockchain technology and the Cotton Coin project?

Through Cotton Coin the prices throughout the marketing chain will be auditable and fair, transparent because the system allows the transactions to be viewed by all users.

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Figure 1

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Figure 2

As shown in Figure 1 and 2 when Cotton is used as an exchange currency, prices will be fairly set throughout the marketing chain, with no losses in any of the links, in addition to improving profits. Now, it is no secret that the Blockchain technology is not used by all actors within the system, over all farmers or primary producers of raw material, that is why the ideal proposal would be to equip technology and training free of charge to enter to the world of Blockchain and present the advantages that this presents.

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For more information

Website
Whitepaper
Facebook
Twitter
Telegram
Bitcointalk

For contest details and set of rules please visit
https://steemit.com/contest/@crypto.piotr/cotton-coin-technology-my-first-sponsored-review-writting-contest-130-usd-in-rewards-pool

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This is really an interesting piece that you configured here, it summarizes what Cotton coin birth to the cotton industry

With @cottoncoin, blockchain technology will birth a bit more transparency into supply chain process as you had it put.

Dear @sandrapatricia

That was a long week and I definitely did not expect this contest to become so popular. I expected 15-20 reviews about Cotton Coin but ended up with almost 60 entries. Crazy but positive :)

Let me already express how personally grateful I am for your support. This has been my first sponsored contest and I can safely say that I have already gained and learned so much of valuable knowledge from it.

Regardless if you will be one of the awarded winners or not - I want you to know that I will do my best to check your profile every few days and support all quality content related to blockchain, AI, human psychology or crypto (as those are my main topic of passion).

IMPORTANT:
I have almost 60 reviews to go through and I want to personally read each one. It might take me some time but I will definitely reply to any of your comments.

Also: Im looking for few judges who would help me select some of the best reviews submitted. Please visit my latest post (contest update) for more details.

Obviously upvoted :)

All the best, Piotr

Thank you very much for your dedication, excellent!!! @crypto.piotr

I love the quality and originality of your post. It is by far one of the best I've read. On behalf of @crypto.piotr, I say thank you for participating.

Thank you very much for your comment ... Greetings ...@ajongcrypto

Anytime, Sandra do take care of yourself and have a nice day.

Really top article. Definitely Top 10, as far as I'm concerned. Short, shows a lot. Didn't see that coming. Recommended.

Thank you very much for your comment.

I found your post to liven the discussion about cotton. It brought me into the daily life of the farmer. Cotton Coin hopes to bring consumers and producers closer together by removing waste from third parties. Your post supports the cause.

Thank you very much for your comment. It's a very interesting topic

Great write up on this project and well done for getting involved in this contest. I hope to see you entering many more!

Thank you very much for your comment.

Greetings @sandrapatricia

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We would like to confirm that your entry has been submited. Thank you for your time and effort.

Results of this contest will be announced on saturday 14/07/2018. You can find more details visiting @crypto.piotr profile and checking out his latest post:
https://steemit.com/cottoncoin/@crypto.piotr/cotton-coin-technology-contest-update

Best regards, Cotton Coin Team
Cotton Coin

Cotton Coin as we know will apply the use of smart contracts in payments through its Peer2Peer system

How will the system authenticate the exchange and confirm reception from both ends

Hey @sandrapatricia,
I'm helping @crypto.piotr to evaluate the contest and think that your article deserves to be in the top 10. Very well structured, original, easy to follow and overall very informative. Thanks for participating!

Thank you for making these contests that help us learn more about cryptocurrencies and for spreading information on the net.