r/CryptoCurrency • u/gigabyteIO 🟦 0 / 14K 🦠 • 11h ago
PROJECT-UPDATE Lavazza, one of the largest coffee companies in the world, is using supply chain tracking on Algorand to track and authenticate its coffee production. A real world use case that benefits from immutability and common knowledge.
Lavazza Coffee is using Algorand for supply chain traceability, and they’re not slowing down.
They have been doing this for years now. A great proof of concept for huge corporations that want to leverage blockchain to add transparency and trust, in July alone they recorded on-chain:
• 20,000+ tons of coffee cherries
• 189+ tons of green coffee
• 50+ tons of roasted coffee
To see the transactions on-chain, go to the link below and click on the transaction ID. In the notes section you can read all the details:
https://allo.info/account/IHUIX3OSTQO7DQ77SOQ66IR6WVQ5PAFGTBF4TBEC36IUSLGU7O3KD6TJ4E/txns
42
u/FlinchMaster 9 / 8 🦐 10h ago
A traditional database would have managed this cheaper, faster, been easier to maintain, and more scaleable than whatever this setup is. I'm all for interesting usage of crypto, but let's be real here.
5
u/amanj41 🟩 0 / 0 🦠 10h ago
Cheaper for who? Doesn’t get much cheaper for users to have a free public database with negligible transaction fees. Spinning up a DB in AWS and building a service with an API is more expensive singe ALGO is so cheap. I don’t think ALGO’s low fees are sustainable in the long run tho
4
1
u/Top_Mind9514 🟩 0 / 0 🦠 9h ago
ALGO has been being used in the middle east theater for a while now.
2
u/coldfusion718 🟦 633 / 633 🦑 10h ago
A traditional database isn’t decentralized or immutable.
17
u/GeneralZex 🟦 23 / 23 🦐 7h ago
It doesn’t need to be for this use case though. What value is there in immutability of a commodity that more of can be produced whenever it is needed? How do I know they aren’t producing more in secret that is off chain? I don’t, so that means I have to trust them. Well if I have to trust them, a blockchain is entirely unnecessary. Especially when one considers the finite life cycle of coffee; why does this need a blockchain when realistically that 50 tons of coffee will be out of their hands in relatively short order and there will be another 50 tons on its way to replace it?
5
u/GraDoN 🟦 0 / 0 🦠 5h ago
This has always been the dagger in Blockchain from being useful in a real-world scenario. From a company perspective there is almost never a benefit to existing database software and from the public perspective you are at the mercy of the user to actually input accurate information.
As you mentioned, if you trust the user enough to actually put accurate information in, then why do you need Blockchain.
1
u/astropup42O 🟩 0 / 0 🦠 1h ago
I agree I think zero proof databases is the only real use case which can’t easily or cheaply be replicated outside of crypto but it hasn’t had much real world cases yet
4
u/OnionQuest 🟨 0 / 0 🦠 8h ago
Isn't it a problem if Folgers knows how much and from whom their competition is sourcing their beans?
1
1
16
u/Baseic 🟩 0 / 0 🦠 7h ago edited 6h ago
Looks to be mostly unused with less than 400 entries since 2022. Probably just some intern project to play around with.
Edit: OP has blocked me. It's probably in their best interest to block valid criticism if they're trying to shill something. Keep this in mind the next time you read such an 'announcement'.
8
u/AdministrativeChef47 🟨 0 / 944 🦠 11h ago
Love seeing algo succeed in the RWA space
7
u/Top_Performance_732 🟩 0 / 261 🦠 5h ago
This isnt RWA (obviously) and its also fake news, they arent really using Algo.
2
1
1
-1
1
-2
17
u/BlazedAndConfused 🟩 0 / 12K 🦠 10h ago
The thing is most companies don’t want to add transparency. Look at Meta. The big ones often want to hide as much as they can