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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThe Ivory Coast Coffee and Cocoa Council (CCC) launched this week the distribution of a magnetic card to all Ivorian producers. The objective is to control the flow of beans and allow them to make secure transactions.
The smart card, a bank card and an identification card, includes a QR code that allows the identity of the grower, but also the area of his orchard or the number of people living in his household. It also includes a bank chip to allow transactions to be carried out during marketing, as well as deposits and remittances to be made.
The card also makes it possible to check that the prices guaranteed at the beginning of the campaign are respected. Finally, it avoids the transport of cash and therefore limits the risks of theft or robbery. The card is intended for all coffee and cocoa farmers in Côte d'Ivoire. This card is a new step in the Ivorian cocoa traceability program. The objective is to be able to follow the path of a bean from the tree to the boat in order to eventually eliminate child labor and deforestation from the production chain, as demanded more and more by the American and European markets.
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