Ambrosus, a blockchain-IoT platform for food and pharmaceutical enterprises, has announced its partnership with the Swiss Coffee Alliance (SCA), a trade group that empowers coffee producers with scientific and technological expertise.
The partnership is aimed to address the problem of unethical distribution of profits throughout the ecosystem. According Fairtrade International, while global coffee revenues soared from $30 billion in 1991 to $81 billion in 2016, smallholder coffee farmers have seen their incomes wither from 40 percent to under 10 percent in the same period.
"Swiss Coffee Alliance is one of the largest coffee trade-groups in Europe, and in the world. They play a vital role in the import/export dynamics of this market. We are excited to help the Alliance integrate the Ambrosus Blockchain into its consulting infrastructure, so we can together drive sustainable transformation, transparency and trust throughout global coffee value chains,” Ambrosus Chief Executive Officer Angel Versetti said.
By combining Ambrosus' proprietary sensor-to-blockchain technology and the SCA's robust network of farmers, roasters, product developers, manufacturers and retailers, this partnership will work towards building the foundation for a more sustainable and equitable supply chain and unearthing new operating efficiencies.
"This is a truly transformative partnership that captures the full essence and spirit of Swiss ingenuity. With the Swiss Coffee Alliance's deep sector-expertise and Ambrosus' unrivaled decentralised supply-chain solution, we are going to create a more profitable and equitable ecosystem for all parties in the production line, with a key emphasis on those who have been abandoned by Wall Street,” Claudinei Monteiro, the SCA's chief technology officer, said.
Headquartered in Zug, Switzerland, Ambrosus is the first blockchain project to become an official partner of the United Nations 10YFP, which is responsible for the implementation of the Sustainable Development Goals. Officially endorsed by EIT Food, Ambrosus has received financial backing from the Government of the Canton of Vaud, Switzerland.
