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Blockchain Moves in the Wine Industry
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- "A tilted wine glass having red nectar poured into. Have you ever thought: \"When is the best moment in anything ? \". Is it not that the best moment of your vacation is when you lock the front door of your house and turn your back to it ? Every subsequent moment just brings you closer to the end of the vacation. Drinking wine is no different. Pouring wine in the glass is the peek moment of the ceremony. After that, every drop you drink degrades your glass to an emptier one. That is of course until you fill it up again. But then is it not that you just get a new peek moment of a new ceremony ?. "
Blockchain is being used in the wine supply chain to prevent fraud, reports Coin Telegraph.
Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions, according to a blog post published by NEM on July 4.
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