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Tencent Builds Blockchain Platform for China’s Oldest Wine Producer

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imageCryptocurrency10 hours ago (Aug 02, 2020 04:40PM ET)

Tencent Builds Blockchain Platform for China’s Oldest Wine Producer

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.

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Tencent Builds Blockchain Platform for China’s Oldest Wine Producer

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