Tuesday 28 May 2019

EY built a blockchain for wine snobs to confirm the authenticity of their plonk




Accounting behemoth EY is putting wine on the blockchain. In a press release from last week (spotted by CoinDesk), the company announced it has developed a blockchain-powered platform for tracking the authenticity and origins of wine. The system, which is based on EY‘s suite of blockchain tools Ops Chain, makes it possible to “determine the quality, provenance, and authenticity of new and vintage wines.” The solution – called the TATTOO Wine Platform – will “focus on markets in China, Japan, South Korea, Thailand, and Singapore.” EY says the platform will leverage smart contracts to streamline wine sales from “vineyards to hotels, restaurants,…

This story continues at The Next Web

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