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We collect production history and ownership of a beverage to create a permanent and irrevocable record on the Blockchain. This digital information is used by various stakeholders across a supply chain to verify authenticity. Consumers will not only know how their drink was made, but they will also have the guarantee that they are acquiring an authentic product and not a counterfeit one.
TraceMyDrinks offers transparency by building Blockchains. This allows us high security through permissioned controls in Blockchains. Once all parties agree and participate in this project, transaction times will be reduced considerably and it will be 100 % paperless due to all documents being digitalized.
We will be using Smart Contracts to certify the authenticity and quality of spirits and wine. All the production related processes will be stored on the Blockchain. The introduced data will be verify by all parties irrevocable once introduced. The relevant information will be accessible by scanning a smart label on the bottle.
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