Starbucks Microsoft Blockchain project in the works! Starbucks, the global coffee chain, is reportedly working with Microsoft’s Azure Blockchain Service to track coffee production, according to GeekWire.
Starbucks first announced its “bean to cup” initiative back in 2018, stating that it would work with farmers in Costa Rica, Columbia, and Rwanda to start a blockchain-based coffee-tracking system. The system will reportedly allow customers to track the production of their coffee and will open up financial opportunities for coffee bean farmers on the back-end.
Starbucks has noted that they would open source the pilot program to make sure its findings were properly distributed.
Starbucks and Microsoft presented a number of joint programs today at Microsoft’s Build Conference. The other projects include predictive drive-thru ordering and connecting to Internet-of-Things (IoT) enabled equipment at different locations.
Microsoft’s Azure Blockchain Service was just announced a few days ago on May 2nd. Azure Blockchain Service is a Blockchain-as-a-service (BaaS) platform that supports Quorum, the Ethereum-based platform of JPMorgan Chase. Microsoft’s BaaS purports to streamline the use of blockchain networks, from creation to modification.
Starbucks is rumored to be accepting Bitcoin-based payments soon – it recently closed an equity deal with American trading platform Bakkt. No actual Bitcoins will be processed by the chain, reportedly, as Bitcoin and cryptocurrency will be instantly transferred into fiat currency.
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