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COTTON COINCotton Coin was set up to improve the cotton farming industry in 3rd world countries due to an alarmingly high suicide rate.
OUR MISSIONCotton coin aims to disrupt the cotton farming industry with its innovative blockchain solution, offering instant, peer-to-peer payment and an advanced grower-to-buyer traceability system.
BUSINESS MODELCotton coin seeks to procure solutions to the several challenges facing the stock market. Cotton Coin integrates consumers, supply chain participants and authorities in one ecosystem. It helps to authenticate cotton sources, track delivery, report issues and monitors cotton prices
- Provide Good payment method with foreign clients
- Solve the problem of slow and non-payment by agents
- Provide a decentralized system for transactions
- To Revolutionize the cotton industry
- To Provide instant payment option perfect for the export market.
THE CURRENT PROBLEM IN THE INDUSTRYBeneath all that beauty and glamour, expensive clothes and famous designers, lies a very serious problem. More than 300,000 cotton farmers in 3rd world countries like India have killed themselves since 1995. Mostly by hanging or drinking Mosanto, a very potent pesticide.
A study by the International Food Policy Research Institute found indebtedness and hopelessness as the main reason. The causes include a lack of reliable credit, debts, changes in government policies, cropping patterns, plant and insect resistance to pesticides, and even shifts in the crops planted on the farm.
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