American multinational chain of coffeehouses Starbucks Corporation now allows its customers to trace their coffee via blockchain tech, Bloomberg has learned.
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To maintain transparency and data accuracy, Starbucks uses blockchain technology developed by Microsoft.
Starbucks' Senior Vice President of Global Coffee, Tea and Cocoa, Michelle Burns, says customers across the US can use a code on the bags to check where their beans came from and where they were roasted.
"We have been able to trace every coffee we buy from every farm for almost two decades. That allowed us to have the foundation to now build a user-friendly, consumer-driven tool that certainly provides that trust and confidence to our customers that we know where all of our coffee comes from," Burns said.
In April, Chain News, a local news outlet, reported that the US giants McDonald's and Starbucks are planning to participate in the tests of the digital yuan, China's new digital currency, which will take place in the country's Xiong'An new district.
This measure represents a new effort by the Chinese government to test the digital yuan, as the currency is already being tested by several state-owned banks.
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