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April 6, 2017
Blockchain is putting a cork in wine counterfeits

The wine industry specifically is opaque due to a lack of knowledge and high fragmentation within the system

Oram Oliver, Chainvine

 

Blockchain is putting a cork in wine counterfeits

 

Rudy Kurniawan. the world’s principal wine forger started small. It was the early 2000s, and a young man who went by the name of Rudy Kurniawan instigated to make a term for himself on the Los Angeles scene. He was one of the greatest wine swindlers of our time who bottled wines himself and sold them for a fortune to unknowing collectors.

Chainvine, a digital asset management service for digitized economy is the perfect opportunity to employ blockchain as a solution to this fraud. Chainvine creates inspection imprints and chains of command & custody in the highly-fragmented world of wine manufacture.

Blockchain serves as a base on which we built our platform. The applications we design differ according to clients, depending on what kind of user interface is involved. Our three-step process to implementing blockchain into the wine supply chain involves taking a modular approach. We begin with identity management followed by asset management and finally encryption management.

A ledger with a difference

blockchain as a ledger where no one has direct control nor is able to manipulate the data. Blockchain offers a transparent and secure way to digitally track asset ownership, especially in fragmented systems where there is need for a chain of custody and command.

Blockchain provides transparency, accountability and trust.

Oliver Oram London Food Tech Week 2016.

http://yfood.com/2017/01/04/from-provenance-to-pour-blockchain-in-wine/