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15 August 2020

UN Partners With NGO to Tokenize Chocolate Bars for Equitable Trade

UN Partners With NGO to Tokenize Chocolate Bars for Equitable Trade


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17 report from SpringWise, the partners will launch a new chocolate bar, made with Ecuadorian-grown cocoa, together with a token-based scheme that allows consumers to contribute directly to cocoa producers. .

When scanned, QR code also reveals how much the farmer was paid for the cocoa used to produce their bar, as well as indicating the GPS coordinates of the cacao tree from which the cocoa for their bar was harvested. .

FairChain’s project aspires to ensure that farmers are better paid for their cocoa, with a target of achieving a price of €3,080 per metric ton for their cocoa.

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