Tencent Builds Blockchain Platform for China’s Oldest Wine Producer

[crypto1010]

Chinese tech giant Tencent has revealed its plan for creating a blockchain-based wine traceability platform in collaboration with Changyu, China’s biggest and oldest wine producer, according to local news on July 31. It is said to be a nationwide first for the country’s domestic wine industry.

According to Changyu, the platform is designed to trace every step of the wine-making and sales processes, including planting, brewing, distribution and management. It will issue a unique traceable certificate for each bottle of wine it produces. 

The whole process will be recorded on the blockchain network. The firm’s bottles’ scannable QR codes would allow consumers to verify the authenticity of the wine. The QR code will also present a whole set of data like plantation information of the grape types, origins, rainfall levels, temperature information among other things.

The blockchain network will reportedly help distributors and sales outlets to catch counterfeit bottles and to identify bottles that have failed quality-control tests.

As Cointelegraph previously reported, Symbol from NEM makes blockchain solutions to solve wine tampering and counterfeiting problems to save millions for the wine industry.

Source

[Godstrength]

Not shocked with Tencent since they already invested in crypto projects in the past, but good to hear that they're getting themselves into the industry directly.

[BillGoldberg]

Tencent is huge, and because of this movement, we may see a major game operating on blockchain too.

[dudusix9]

Tencent is huge, and because of this movement, we may see a major game operating on blockchain too.

They don't have a team that specializes in blockchain though do they? I'm not really sure but you have to have really experienced devs to make things like these work.

[jajorforce]

Another announcement from a big company. Tencent is one of the big game industries. In cryptocurrency several gaming blockchain already exist. Refereum is one of them, which project has partnership with tencent. This is quite new to building a blockchain with the oldest wine producer. That is how cryptocurrency is getting bigger in the real world.

[Crypto_lion]

Looks like supply chain is going to be revolutionised by the blockchain technology . There are several companies trying to.do this already and now tencent one of the biggest companies in the world has joined as well. Sounds promising.

[jossiel]

Tencent is one of the tech companies that's very popular in China. I find the wine industry lowkey since I don't find much attention on it for myself but if it's about the validation of the authenticity of the wines that are being produced by Changyu, this is another proof of blockchain application.

If this starts to rock on and other companies see the importance and how helpful the technology is, they might also have a collaboration with Tencent. And this is for other and different industries.