Chinese technology giant Tencent has announced plans to develop a blockchain – based platform for Changyu, The country’s oldest and largest wine producer.
Thanks to the blockchain, Changyu will track every stage of wine production and sale, including the planting of wine vines, growing grapes, winemaking and distribution of finished products. Each bottle of wine will receive a unique certificate, with which you can track all the details of production. This will be the first project of this scale in China.
Buyers will be able to get full information about the wine, including grape varieties and dates, the place of cultivation, as well as precipitation levels and temperature in this area. In addition, thanks to the new system, distributors and retail outlets will be able to detect counterfeit products much more easily, as well as batches that have not passed quality control.
Recall that in early July, the Symbol project launched a blockchain-based solution that will help winemakers track raw materials and finished products at every stage of production and supply chain. And in the spring of this year, EY Japan announced the development of the SAKE Blockchain platform for tracking the supply of sake.