Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking
Digital Currency Revolution Series: Bitcoin Reclaims $10k Mark, FxWirePro’s Long Hedges On Its Functionality
Regulatory Series on Series: US Senate Foresees Budding Technology & Digital Dollar To Play Crucial Role In Economic Competition
Spotlight on Bakkt & CME BTC Futures With Mounting Institutional Interests As Bitcoin Bulls Halt $11k
Cryptocurrency Derivatives Series: Bitcoin Flirts With Technical Supports & Drifts In Sideways, Uphold Long Hedges
Blockchain Revolution Series: Ernst & Young Features In Top-3 Enterprises Blockchain Solution Provider
Digital Currency Revolution Series: Spotlight On FxWirePro’s BTC Long Hedges As Bitcoin Explodes With Fresh 1-Year Highs
Digital Currency Revolution Series: Bitcoin Snapping Rallies But Unwise Build Fresh Shorts, Uphold Long Hedging
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
EY, EzLab create blockchain platform to trace and certify Italian wines
The EzLab startup, in partnership with EY has created the ‘Wine Blockchain’, which is a blockchain platform that certifies the quality and geographical origin of wines made in Italy, CoinTelegraph reported.
The blockchain platform makes use of a smart contract that is built on the Ethereum blockchain, which consists of all the info that have been collected along the production process. Consumers can utilize smart phones to gain access to this certification data by scanning QR codes located on the wine bottle labels.
"The whole thing was tied to the physical world through the registration of the digital signature of the company owner so that there is not another individual who can be able to register something by using the Volpone name,” Gerardo Gabriele Volpone, Digital and Innovation Consultant, Volpone Winery Director said.
The main goal of ‘Wine Blockchain’ is to provide certification that gives consumers greater trust and confidence in the wine products they purchase. This will help Italian wine industry to counter foreign competition as well as counterfeit wine products that have resulted in substantial monetary losses in recent years, according to dcebrief.com.
The first wine that was tracked and certified is the Falanghina Wine, which is produced by Cantina Volpone. Buyers can access these wines online in coming days.