Wine

On February 7, the Australian government rolled out its national blockchain tech development strategy after nearly twelve months of groundwork. A long-anticipated national blockchain and distributed ledger technologies (DLTs) strategy finally launched this month, and it is concentrating on the business prospects the disruptive revolution is presenting to sectors ranging from finance to wine.

The Tattoo Wine platform plans to  manage more than 5,000 Italian wine labels from Europe, Africa, America and Asia. The biggest blockchain-based e-commerce platform is trying to promote the value, source and validity of Italian wine production on Asian markets.

The United Kingdom based professional service company Ernst & Young (EY) offers a blockchain based solution for tracking wine in order to help customers confirm a products’ quality, class, source and validity.

The giant Italian bioplastic manufacturer decided to explore blockchain and distributed ledger technology and its potential for its sustainable production. A startup called EarthBi has chosen the blockchain for ensuring characteristics and tracing its manufactured bioplastic products in Italy.

Prominent politicians including the two vice-premiers of the Italian Council, businessmen, companies, and institutions gathered together at Vinitaly to discuss how to improve the wine industry and Made in Italy goods using innovative technologies such as blockchain, smart contract, the internet of things, artificial intelligence and others.

From today onwards, fake commodities could last for a very short time. Thanks to blockchain technology for making it possible to understand whether the package you are purchasing is authentic, its origin, its characteristics, and where it should be delivered in case it gets lost or stolen. Luxury products tracked as smartphones and furnished with microchips created using distributed ledger technology (DLT), scam-proof. Bye-bye to Daior, Guccio and D&C.

Georgia, a country at the intersection of Europe and Asia, is turning into a cryptocurrency hub. While talking about bitcoin mining, some may consider China and Iceland to be in the lead, however, the second most profitable crypto mining country is Georgia.