Blockchain Spreads Its Vines to Root Out Counterfeit Wines and Spirits

For wine collectors, provenance is everything. With as much as 20% of all wine circulating the globe deemed to be fake, it’s hardly surprising. In days past, sniffing out a bogus burgundy required a good nose and an eye for detail. Now, thanks to blockchain technology, the problem is being resolved at its root — or should that be at the vine?

Sommeliers, vintners, collectors and other connoisseurs of the red stuff go to great lengths to determine authenticity. From the weight of the bottle to eyeing anomalies in the year of production, right down to inspection of the bottle glass, the stamp on the cork and the label glue, the tiniest discrepancy can be the biggest red flag. But somehow, every year, thousands of bottles of counterfeit wine slip the net.

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link