How One Company Believes Blockchain Will Increase the Median Income of Coconut Farmers by 2.5 times

Coco Veda Philippines has signed an MOU with GoChain to leverage their blockchain protocol to change the lives of below-poverty level farming communities in over fifty countries

gochain · October 4, 2019

We are proud to share that we have signed a Memorandum of Understanding (MOU) with the Philippines Coconut-based Consumer Products Social Enterprise, Coco Veda.

Our intent is to cooperate to explore the use of blockchain for tracking & traceability of Coco Veda’s value chain solution. We will also explore the development of programs to improve the general welfare & livelihoods of marginalized, “unbanked” farmer communities in the Philippines and other coconut producing countries.

“GoChain is focused on using technology to promote the betterment of society and our habitat. There are more than three million coconut farmers in the Philippines and the majority earn less than two dollars per day. It is an honor that Coco Veda chose our protocol and team to partner in the mission of improving the lives of those farmers and their families.”

Jason Dekker, CEO of GoChain

Additionally, our expert team of consultants will work closely with Coco Veda in developing blockchain-based tracking the Sustainability Targets of Coco Veda’s Zero Waste Eco-Tourism Holistic Retreat and Integrated Coconut Processing Farm Project. Both of these are critical to supporting “Farm to Business” (F2B) and “Farm to Consumer” (F2C) initiatives.

“Coco Veda is humbled, excited and mindful of the responsibilities that come gift wrapped with this potentially high impact collaboration that can scale to over 50 Coconut Producing Countries. We see this partnership unfolding as a potential game changer to uplift millions of underprivileged and disadvantaged Coconut Farmers and their families, from below poverty level to above 5 USD a day within five to seven years.”

Team Coco Veda

You can make an impact on the lives of coconut farmers. Consider only using products that are sustainably and ethically sourced. Coco Veda has a long list of coconut-based products to choose from! Visit them at https://shop.cocoveda.net

About Coco Veda

Coco Veda is a Philippines based Social Enterprise incorporated in 2015 aligned to the United Nations Sustainable Development Goals (SDGs) as a member of the United Nations Global Compact and also featured on the United Nations Business platform.

Blending Coconuts with Knowledge and Wisdom is our Ethos, the name Coco Veda is inspired by the Traditional Indian Plant-based Medicinal Science of Ayurveda. In four years, Coco Veda has developed a proprietary range of 100+ Sustainable, Handmade, Natural, Organic and Halal Certified Coconut Based Products that support a Green Lifestyle. These Products are an output of the Japanese Kaizen Philosophy of Continuous Improvement which is ingrained in the Culture of the All-Women Operations Team in Manila.

Socially Sustainable Enterprise Development initiative with a Responsible Mission and a strong Ethical Value System focused on being able to make a difference in the farmer communities as well as the lives of those connected with us.

For more information, visit www.cocoveda.net.

About GoChain

GoChain believes in driving the adoption of impactful technology for the betterment of society and our habitat. GoChain partners with companies in all industries to quickly launch and manage their own scalable, low-cost blockchain solutions, run distributed applications and to deploy smart contracts. At 1,300 transactions per second, GoChain’s network is the fastest, most reliable, web3 based public and private blockchain protocol. GoChain’s Proof of Reputation (PoR) consensus algorithm relies on a decentralized consortium of Fortune 500 companies, NGOs, and nonprofits to validate transactions. GoChain also supports its designated public cryptocurrency, which has the ticker symbol GO.

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