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
Blockchain
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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