Starbucks works with Microsoft for the Blockchain-based Coffee Tracking Platform

US-based coffee chain Starbucks will implement tech giant Microsoft's Azure Blockchain Service to track coffee production, tech news site GeekWire reports on May 6.

Starbucks first announced its "bean to cup" initiative in 2018 and said it would work with farmers in Costa Rica, Colombia and Rwanda to lead a blockchain-based coffee tracking system. The system will eventually allow customers to track the production of the coffee and will open up possible economic opportunities for coffee bean farmers in the back.

Further, Starbucks noted that they would open the source program to convey their findings.

The two companies presented a series of joint actions today at Microsoft's Build Conference, GeekWire reports. The other projects allegedly include predictable run-to-order and connectivity of Internet (IoT) equipped equipment in different cafe locations.

Microsoft's Azure Blockchain Service was just announced May 2, recently reported by Cointelegraph. Azure Blockchain Service is a blockchain-as-a-service (BaaS) platform currently supporting Quorum, the Ethereum-based platform for JPMorgan Chase. The new Microsoft BaaS intends to streamline the use of consortium blockchain networks, from creation to modification.

Earlier this week, details emerged indicating that Starbucks will accept bitcoin (BTC) -based payments following an equity agreement with the American Cryptocurrency trading platform Bakk. No actual bitcoins will eventually end up being processed by the chain, as cryptocurrency will be transferred immediately to fiat currency.