Anatomyof a cycle.

The brief

Cycle #48 listed on 2 February 2026 with a 12-day fill window. The brief ran to 14 pages and included: producer profile (a New Zealand cooperative of 47 beekeepers), pollen authentication results, multi-floral composition, moisture and HMF lab readings, pack specification, destination compliance notes for the UK market, the full cost stack with conservative/base/optimistic margin cases, the retail channel mix and the curation committee's written recommendation.

Authorisation window

Authorisations were recorded on the ledger with allocation sizes, path selection and timestamps. A signed receipt was issued to each member. The cycle reached 84% allocation on day 7 and filled to 100% on day 12 at 14:38 UTC.

Fill and procurement

At fill, the platform committed the bulk order with the supplier. The purchase order, signed release and wire evidence were attached to the ledger. Origin inspection cleared on 28 February (sample plan: every 20th box, plus 1% random). Shipment departed the Port of Auckland on 3 March under a single ocean bill of lading. The hub re-inspection at London Gateway cleared on 23 March with zero exceptions.

Distribution

Delivery-path allocations were palletised and shipped to member addresses on 25–30 March. Proof of delivery was uploaded within 48 hours of each arrival and attached to the ledger. Resale-path allocations entered the partner channel mix on 27 March; 93% cleared within 10 days, the remainder by day 21.

Settlement

The statement was materialised from the ledger on 10 April. The cost stack: bulk procurement $612,400, freight $31,840, customs duties $16,370, 3PL handling $22,830, partner commissions $58,940, platform fee $24,300, exceptions $170. Net to members: $87,210, distributed pro-rata across resale-path allocations. Outcome: within base case.

Exceptions

Two units damaged in last-mile. Carrier insurance reimbursed retail value. The $170 exception line reflects handling adjustment. No quality exceptions at hub or origin. Member satisfaction survey returned with no open complaints.

What's retained

47 ledger entries. Signed brief. Supplier contract. Origin inspection report. Freight docs. Entry documents (customs). Hub inspection report. POD bundle. Partner channel settlements. Revised statement not required. Everything is exportable by any participant of cycle #48 as CSV, JSON or signed PDF.