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SAP and EY support Ethereum-based wine platform

Track ALL the things! True to this Motto, a company in Singapore recently launched a block chain-based marketplace for wine. Such a platform is nowadays by far

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SAP and EY support Ethereum-based wine platform

Track ALL the things! True to this Motto, a company in Singapore recently launched a block chain-based marketplace for wine. Such a platform is nowadays by far not the only case anymore. Whether you eat or Drink, whether with or without alcohol, more and more companies begin to take advantage of the inherent benefits of the Blockchain technology.

By Anton Livshits
14. November 2019 BTC $ 8,091.06 -0.48% part Facebook Twitter LinkedIn xing mail

set up The Singapore-based company Blockchain Wine has the TATTOO Wine Marketplace to life. The clients of the digital platform can acquire quality wines from all over the world. The origin and authenticity of the vine-juice, you can use the Ethereum Blockchain without a doubt confirm. TATTOO relies on Software solutions from Ernst & Young (EY), and SAP.

According to the press release, the digital wine is download to customers from the Asia-Pacific region. He should contribute, among other things, this market for products from the European wine-growing areas, as well as to tap from North and South America. The key objective is to ensure a traceability of the wines. Just for this purpose, the Ethereum Blockchain comes in. Tim Tse, the founder and Chairman of the Blockchain Wine, explains:

With the TATTOO wine marketplace is each bottle from the place of origin to for direct delivery and consumer traceable. TATTOO helps to shorten the distribution channels and to solve the problem of counterfeit wines, optimized the supply chains, facilitates trade, and strengthens both the wineries as well as consumers.

wine, Whiskey and Cola on Ethereum

Also the technical Partner of TATTOO were pleased due to the launch of the wine platform. As for SAP, it represents one of the first applications in the SAP Software within a commercial Blockchain platform is used.

The development team of Ernst & Young in this respect is certainly a lot more experienced. The in-house EY OpsChain, for example, already in a financial management tool to use. However, the head of the Blockchain Department at EY, Paul Brody considered the Start of the TATTOO as direction for the further development of the industry:

We are now in an Era in which thousands of companies are routinely transferred to production data on the Ethereum Mainnet, i.e., digital tokens to create, offer and sell, with which you can present your products and services to consumers. Thus, the Mainstreaming of the Blockchain-business looks today.

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It is therefore hardly surprising that the trade in alcoholic beverages provides a Wealth of further examples of application. The Scottish drinks group William Grant & Sons uses a Blockchain solution to the own Whisky in front of counterfeiting risks. The Scots collect data on the entire production process: From the storage in the barrel, and the degree of maturity, through to filling and delivery, everything ends up on the chain. Clients thus have the possibility to verify the authenticity of the whisky a QR Code on the label.

beverage manufacturers to use, But also away from the spirits trade, increasingly, the Blockchain. The most prominent example of this is Coca-Cola's well-being. The large group would like to the efficiency of its delivery, improve chains. In the process, he also falls back on the Blockchain Know-how of SAP.


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