Just Beyco Me

by

Editorial Policy

Published on

Last updated on

[T]he non-profit organization Progreso has worked for years to help smallholder farmers throughout the world sell quality coffee and cocoa while ensuring an honest income and preserving ecosystems. As part of that mission, Progreso has dedicated its time and resources over the last year to launching Beyco, a centralized digital marketplace for coffee producers and coffee sellers all over the world to connect and trade using blockchain technology. According to Progreso, the platform will reduce barriers to the global market for smallholder producers, while traders and roasters will gain efficient and trustworthy access to new suppliers.

Use of blockchain technology on the Beyco will allow sellers to upload documentation for each available coffee, facilitate samples and contract negotiation, and then, once the contract is approved by both parties, provide one shared ledger that will record and permanently save information about the transaction. Beyco is currently welcoming sellers and buyers to register on the site and start trading. Soon, the platform would like to start offering pre-financing to sellers, and eventually add logistical services such as warehousing, insurance, and cupping data.


More on blockchain technology >

Share This Article

Fresh Cup Staff

Join 7,000+ coffee pros and get top stories, deals, and other industry goodies in your inbox each week.

Other Articles You May Like

Good Genes: Genetic Diversity And The Future of Coffee

How the industry is looking to genetic resource conservation to help preserve coffee.
by Chris Ryan | January 12, 2023

New Names, Same Faces: Genetic Accuracy for Yemeni Coffee

In Yemen, coffee varieties are often referred to by colloquial names, which are often inaccurate and don’t reflect real varieties. But a new study is giving farmers more definitive names and greater access to…
by Valorie Clark | November 23, 2022

Contemporary Indonesian Specialty Coffee: A Chat with Three Coffee Processors

The world of Indonesian coffee has changed a lot over the past five years. Here are three coffee processors discussing the highlights and challenges of Indonesian coffee production.
by Mikey Rinaldo | November 11, 2022

South African Rooibos Tea Corporations Hand Over $700k to Indigenous Groups: Why Is This Important?

Rooibos, indigenous to South Africa, is a caffeine-free tea staple in many cafes, and a new deal will honor the original knowledge holders of the plant.
by Nyasha Bhobo | November 9, 2022