The Cardano Foundation will develop a traceability system for controlling the quality of Georgian wine.
The Cardano Foundation has announced a partnership with the National Wine Agency of Georgia.
Cardano’s blockchain technology will be used to make sure the quality of Georgian wine remains consistently high.
The foundation will develop a “creative” and “cost-effective” certification and traceability system together with Swiss connected goods and packaging platform Scantrust.
A pilot program will include 100,000 bottles of wine bottled next spring in Bolnisi, a city in the Kvemo Kartli region. Consumers will be able to check its authenticity with the help of a unique QR code.
Levan Mekhuzla, chairman of the National Wine Agency, says Cardano’s technology makes it possible to deploy supply chain traceability at scale.
Last year, Georgia’s government also formed a collaboration with Norwegian blockchain company WiV Technology in order to mint non-fungible tokens for its wine.
The idea of eliminating wine counterfeiting with the help of blockchain is not new. Back in 2018, venture capital company Medici Ventures acquired a stake in wine-tracking company Vin-X.
As reported by U.Today, a Japanese branch of the accounting behemoth Ernst & Young.