Vintage Wine, Full-Time Blockchain from Shipping to Sales

Blockchain Wine, which sells vintage wines in Singapore centering on the Asian market, is one of the world's four largest accounting firms and is seeking to expand its business worldwide by introducing the "EY OpsChain"-based digital solution TATTO Wine platform developed for businesses by EY, which is developed for businesses around the world.

"EY OpsChain" is designed to simplify the management of a company's supply chain, integrate digital contracts, inventory sharing, logistics information, price setting, bill issuance and payment, and so far have been used in manufacturing, healthcare and financial services, including food and beverages.

The newly announced TATTO Wine Platform was built as a blockchain solution to track the production and quality of wine in the ecosystem, including all channels involved in the distribution of wine: producers, distributors, logistics and insurers.

TATTO stands for traceability, Authenticity, Transparency, Trade, Origin and Opinion and it is the world's first blockchain-based e-commerce with embedded online transaction and tokenization.

Tokens can be used not only to sell wine, but also to track shipments, monitor storage and delivery of warehouses, and even proceed and track insurance compensation from the wine shipment administration. This means distributors or consumers can track all shipments of wine from the TATTO Wine Platform including direct ordering, real-time customs clearance and storage.

In addition, wine buyers will be able to find out in detail such as the name of the vineyard, the place, the type of fertilizer used for growing crops, and how each fleet is transported for processing and delivery, by scanning their own QR codes attached to each bottle, and will be able to gauge the distribution history of the wine.

In addition, there is a merit as contracts between producers, logistics and insurance companies can be managed in a decentralized manner by the smart trade function, participants can share all the information in a timely manner.

Meanwhile, Blockchain Wine is under the wing of the Roosevelt family, Asia's largest wine-handling company, and plans to expand sales of its own hotel restaurants, cafes (B2B), consumers (B2C) and wines at its wine brewery by using the TATTOO wine platform.

It is also considering a plan to enable the C2C (Customer-to-Customer) to be traded for wine investment by using the smart trade function in the future.

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

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