The Cardano Foundation and the National Wine Agency of Georgia have formed cooperation. Using Cardano’s blockchain technology, the grade of Georgian wine will be maintained at a high level. Along with Swiss linked products and packaging portal Scantrust, the organization will build a “innovative” and “cost-effective” verification and tracking solution.
By next spring, 100,000 bottles of wine will be packaged in Bolnisi, a city in the Kvemo Kartli area, as part of a trial initiative. With the use of a distinct QR code, users will be able to confirm its legitimacy.
Levan Mekhuzla, head of the National Wine Agency, asserts that Cardano’s technology enables large-scale implementation of supply chain tracking.
Additionally, the Georgian government collaborated with the Norwegian blockchain startup WiV Technology to create non-fungible tokens (NFTs) for their wine in 2017. The concept of eradicating wine fraud with blockchain technology is not unique. Four years bacl, the venture capital firm Medici Ventures invested in the wine monitoring business Vin-X.
