Blockchain
EY blockchain platform supports Blockchain Wine Pte. Ltd. to launch TATTOO Wine marketplace across Asia Pacific
Singapore-based Blockchain Wine Pte. Ltd. is now live with its TATTOO Wine marketplace for consumers across the Asia Pacific region. Supported by the EY OpsChain blockchain platform, consumers can buy premium wines using a secure, blockchain-based platform with digital tokens that trace the provenance, quality and authenticity of new and vintage wines while eliminating layers of intermediaries and enabling cost efficiencies.
The TATTOO Wine marketplace currently offers selections from wineries in France, Italy, Spain, Australia, New Zealand and the Americas, and plans to help wineries of all sizes worldwide expand to the Asia Pacific market with blockchain and e-commerce technology. TATTOO stands for traceability, authenticity, transparency, trade, origin and opinion. The TATTOO Wine marketplace can be accessed here and is operated by Blockchain Wine Pte. Ltd.
Tim Tse, Founder and Chairman, Blockchain Wine Pte. Ltd., says:
“With the TATTOO Wine marketplace, every bottle is traceable from the point of origin all the way through to direct delivery, and on to the consumer. TATTOO helps reduce layers of distribution and helps address the issues of counterfeit wines, optimizes supply chains, facilitates trade and empowers both wineries and consumers.”
The platform operation is based on the EY OpsChain platform. Users will access a user-friendly experience deployed on the SAP® Commerce solution. The TATTOO Wine marketplace helps wineries to upload catalogs of their offerings and consumers to browse purchasing choices.
Wines and shipments are tracked and managed on the public Ethereum Mainnet1. Blockchain Wine Pte. Ltd.’s solution is built on EY OpsChain, the EY platform for the industrialization of blockchain technology for enterprise users, which includes the integration of the commerce front-end as well as on-boarding tools that make it fast and simple for wineries to connect their production systems to the Ethereum blockchain.
Thomas Uhde, SAP Director, Blockchain Exploration, says:
“This is one of our first commerce integrations of SAP software to a blockchain platform and we see great potential in putting a scalable, consumer-friendly front-end on a blockchain-based digital market.”
Wine Blockchain Pte. Ltd. plans to offer wine from the leading chateaux and wineries in Asia-Pacific, Europe and the Americas. With end-to-end traceability enabled on the blockchain, buyers will benefit from lower costs and confidence in the supply chain is expected to increase through traceability.
Christopher Campbell, CEO, Waddesdon Wine Rothschild Collection, says:
“Waddesdon Wine markets wines from the Rothschild chateaux and other prestigious chateaux. We look forward to offering our wines within the TATTOO marketplace.”
Paul Brody, EY Global Blockchain Leader, says:
“We’re now entering an era where thousands of companies will routinely be pushing production data onto the Ethereum Mainnet – creating, offering and selling digital tokens that represent their products and services to consumers. This is what the mainstreaming of blockchain business looks like today.”
1 A blockchain protocol which is fully developed and deployed where transactions are being broadcasted, verified, and recorded
SOURCE EY
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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