Brazil’s chocolate industry embraces blockchain to control cocoa production

Although Brazil is a large cocoa producer, most of the supply used in the world comes from only two countries: Ghana and Ivory Coast.

RIO DE JANEIRO, BRAZIL - Companies in Brazil and abroad now use blockchain technology to control cocoa beans and prevent social and environmental damage in their production chain.

Producers and members of the chocolate production chain have sought in blockchain technology (which created bitcoin), a way to guarantee the origin of their main raw material, cocoa, which in some locations is linked to slave labor or slave-like conditions.

Although Brazil is a large cocoa producer, most of the supply used in the world comes from only two countries: Ghana and Ivory Coast supply an industry worth over US$10 billion . . .

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