The Chinese technology giant Tencent has announced its plan to partner with Changyu to create a blockchain-based wine tracking platform, China’s largest and oldest wine producer, according to local news on July 31. People say that is a national premiere for the wine industry.
According to Changyu The platform is designed to track every step of the wine making and selling processincluding planting, processing, distributing and managing. A clear traceability certificate is issued for each wine bottle produced.
The entire process is recorded in the blockchain network. Scannable QR codes on the company’s bottles allow consumers to check the authenticity of the wine. The QR code also contains a whole range of data, e.g. B. Information about the planting of the grape varieties, the origin, the amount of precipitation and the temperature information.
The blockchain network helps retailers and outlets catch fake bottles and to identify the bottles that failed the quality control tests.
As Cointelegraph previously reported, The symbol of NEM offers blockchain solutions to solve wine manipulation and counterfeiting problems in order to save the millions of the wine industry.