Tencent Builds Blockchain Platform for China’s Oldest Wine Producer

Tencent Builds Blockchain Platform for China’& rsquo; s Oldest White wine Producer

By TING PENG

Article produced by TING PENG.

The blockchain network will reportedly help suppliers and sales outlets to capture fake bottles and to identify bottles that have actually stopped working quality-control tests.

The entire process will be recorded on the blockchain network. The company’& rsquo; s bottles & rsquo; scannable QR codes would permit consumers to confirm the authenticity of the wine. The QR code will also present an entire set of information like plantation info of the grape types, origins, rainfall levels, temperature level details among other things..

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https://cointelegraph.com/news/tencent-builds-blockchain-platform-for-chinas-oldest-wine-producer.

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According to Changyu, the platform is developed to trace every action of the wine-making and sales processes, consisting of planting, management, developing and distribution.

As Cointelegraph formerly reported, Symbol from NEM makes blockchain services to fix white wine tampering and counterfeiting issues to save millions for the wine industry.