Why is Koa different?
Let’s take a closer look
Over the last decades, supply chain scandals and cocoa farmer poverty have continued to rock the cocoa industry, leading to increased consumer demand and political efforts to improve transparency and accountability. Certifications are one important way to tackle this. However, we need to do more, and we at Koa can add to that. Let’s look at how we do transparency and how we increase the impact significantly.
receives per ton of cocoa
Koa’s impact can be combined with any certification increasing the farmer’s benefit even further.
*How do we calculate the $ 344? Koa pays a fixed price for the pulp and we calculated how much do the farmers earn extra if they sold not only the beans but also the pulp. Here’s the calculation: One ton of beans results from 3.3 tons of bean-pulp mix (on average). 3.3 tons fill 220 buckets which Koa processes to recover the pulp. For each bucket, a farmer earns a minimum of GHS 10. Thus, for one ton of beans, a farmer earns GHS 2200 extra from the pulp. As of 9 February 2022, GHS 2200 are USD 344.
4 differences that make Koa stand out
Creating added value: Farmers profit from an additional revenue stream as they now sell the pulp of the cocoa fruit.
Each farmer receives 100% of the extra money on the day of production.
Direct trade with every single cocoa farmer in our network without middlemen.
Every single payment transparently verified via blockchain.
Verified with blockchain
We pay farmers with mobile money via telecommunications operator MTN. This transaction automatically notifies our tracing partner seedtrace who then compares the details of the payment from Koa with MTN’s information. If the data matches, the information is verified and irreversibly stored on the blockchain hosted by Topl.
And if you now think, we pay farmers with Bitcoins, rest assured: we pay the farmers with real money. Blockchain is simply the technology that can record anything of value with full transparency. Learn more about it and click on the button.
Make a difference and join us. Together we empower your consumers to obtain assurance about the conditions under which their food ingredients were produced. As a Koa customer, we will provide you with an adapted solution that fits your needs. Become a part of the transparency movement. Check out the example by our customer Oberweis and contact us for an offer.
Our transparency partners
Seedtrace Tracing Partner
seedtrace is a Berlin-based company with the aim to turn supply chain transparency into the norm. With a focus on social and environmental impact, the digital platform enables businesses to manage supply chain data, prove sustainability claims and turn them into a competitive advantage. In order to do so, seedtrace is building a network of independent third parties and strengthening supply chain actor collaboration while irreversibly storing critical data on a low-emissions, open blockchain.
MTN Mobile Money Partner
MTN is Africa’s largest mobile network operator. MTN enables people to make financial transactions using their cellphones. MTN Mobile Money is a secure electronic service that enables MTN Mobile Money wallet holders to store funds, send and receive money, make payments and do a number of other transactions simply using their mobile phone. It’s fast, simple, convenient and affordable.
Topl Blockchain Partner
Topl is an impact technology economy changing the way the world does business. Why? The big problems of today call for big solutions. Topl empowers companies to unlock the value of their positive global impact by combining their own proprietary Blockchain-as-a-Service offering with the Topl Blockchain, the world’s first blockchain built for impact monetization.
Blockchain is a database technology that allows storing information in a decentralised way, meaning that the same information is stored and distributed in multiple locations at the same time. With regards to Koa, this technology ensures that the data is always publicly available* (100% traceable) and cannot be tampered with (100% true). Historical data cannot be changed by a single person and new data can only be added through the addition of new ‘blocks’ on the ‘chain’ which is again distributed across the entire network. Thereby, people can rely on the information not to be rake or tampered with (100% trust).
*Note that we do not share personal data with third parties but protect those in compliance with the Ghana Data Protection law. Read our Data Policy.