Oranco, a Liquor Wholesaler Based in China, Introduces Anti-Replication Blockchain

It has been reported that Oranco, a wholesaler with its base in China that handles imported wine and liquor, is currently introducing blockchain solutions to prevent forgery and alteration of how products are being handled.

According to the press release, the company formed a partnership with blockchain company "Guangzhou Silicon Technology" a year ago to develop a system toward measures against counterfeit goods.

Internationally problematic copycats and pirated copies are also major problems in China and Korea. The report said that demand for legitimate goods delivery to the price has been rising significantly amid a growing sense of food in recent years due to the growing number of wealthy people.

It seeks to prove legitimacy by taking advantage of the difficulty of tracing or manipulating transaction records, which are characteristic of blockchain technology. Peng Yang, the CEO of Franco, expressed his view that by taking advantage of the blockchain's ability to prove its origin, it will ensure the production and legitimacy of premium liquor.

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