CONTACT INFORMATION

Danish-Chinese Business Forum

Address: Tingskiftevej 5,

DK-2900 Hellerup

Phone: +45 33 32 97 78

Mail: info@dcbf.dk

CVR: 29 05 16 31

The views expressed of the authors do not necessarily represent or reflect the views of DCBF.

China Facts: For Chinese Wine Connoisseurs Wondering What’s in Their Bottle, it’s Blockchain to the Rescue

 

It's a $2.8 billion industry, but comments such as “the Chinese gulp down more ‘French’ wines than France makes” and “at least half of the Chateau Lafite-Rothschild consumed in China is fake” have undermined its credibility. Blockchain looks to be a solution. For more premium wines, the company plans to embed a designated NFC chip near the wine stopper. Once the chip is broken, users can no longer read or write data onto its blockchain, alerting consumers about refills. 10,000 blockchain-enabled bottles have been shipped, and the volume is expected to rise tenfold in 2019.

 

*) China Skinny 30.05.18

 

 

 

 

 

 

 

 

 

 

Share on Facebook
Share on Twitter
Please reload

  • Facebook Basic Black
  • Twitter Basic Black
  • Black Google+ Icon
Please reload

Search By Tags:
Hans Henrik Pontoppidan
Secretary General, DCBF 
Who's Behind The Blog