Specialty Coffee Marketplaces: Kaffea-X launches a digital marketplace for unroasted beans

Kaffea-X has launched a digital marketplace for unroasted specialty coffee beans that uses a proprietary KUPIC™ classification, real-time price data, and third-party escrow to support transactions.

Kaffea-X has introduced a specialized digital marketplace for unroasted, high-quality coffee beans. The platform is intended to establish clear, uniform pricing and to enhance transactional safety through third-party escrow. It responds to longstanding issues in the global coffee trade such as inconsistent price reporting and the lack of a universal system for describing bean characteristics. The company says the platform is built around a proprietary classification system called KUPIC™, provides real-time verifiable price information, and uses third-party escrow for payments. Key features: - Proprietary KUPIC™ classification system for consistent product evaluation. - Real-time, verifiable price information available to marketplace participants. - Secure payment mechanism using third-party escrow to protect buyers and sellers from default. - Platform addresses inconsistent price reporting and the absence of a universal bean description system. - The article says roasters and importers may see greater cost predictability and sourcing efficiency. Summary: The article presents the platform as introducing standardized classification, price transparency and escrowed payments to address persistent trade issues and transactional risk. The company says this is intended to improve cost predictability and sourcing efficiency for roasters and importers. Undetermined at this time.