How Blockchain Benefits the winery
- Integrating blockchain authentication will allow consumers the ability to mint an NFT directly from their own wallet whereby the digital serves as token serves as proof of authenticity, verifies ownership, and gives the holder the right to redeem a phsyical bottle of wine
Data
Each wine bottle will have a unique Digital Product Passport including:
- Winery, brand name, vintage, grape variety, region, and alcohol content, etc
- Winery heritage, vineyard location (weather and soil), farming practices (organic, biodynamic, etc.), carbon footprint
- Harvest date, fermentation process, aging method (oak barrels, stainless steel, etc.)
- Other details complying with EU regulations (DPP)
NFT
Partnered wineries can mint a new wine NFT by uploading digital assets like image, video, certificates and other details of the wine through store dashboard where they can also view compliance status & missing data
- Application will store the metadata and the digital assets on the IPFS blockchain
- The NFT will be minted on the blockchain of your preferences (Could be made cross-chain in the future). Thus the DPP will be created as we have on-chain data and NFT for a particular bottle of wine
- Create a back-end for storing user data or go for complete decentralization with just wallet connect functionalities
- Once wineries mint a new NFT, a unique qr code will be generated for each wine bottle, through which users can check the authenticity of the bottles thus risk of counterfeit wines are avoided
- The NFT is marked as redeemed once the physical bottle is claimed