We know the taste of wine from thousands of years. And according to archaeological report, the traces of wine can be found since from 6000BC. That's why the wine is considered as the drink of God's. Since from the ancient times wine is a part of our tradition and culture. Fine wine is a symbol of richness and royalty. Wine is a part of our every celebration and festivals. Years had been passed but the taste of wine still remains the same.
The wine market is the largest commercial market in the world. And according to a report the wine products market is about 134 billion euros as of 2018. The wine industry is so big and it is dealing with many fundamental problems. But thanks to Followine project, which aims to provide a perfect solution to wine industry problems.
Let's first discuss about problems
As we said earlier the wine industry and every winemaker is suffering from many fundamental issue known as wine counterfeiting. And everybody knows that there are many wine counterfeit products present in the existing market. These counterfeit products cause huge loss not only to consumer but also to winemakers and the entire wine market.
Today fake wine products with substitution of labels on the bottle are sold at the original quality Italian wine price. Many attempts had been made in the past to identity and stop the counterfeit products but no perfect solution exists till today. Because of this, winemakers and the industry itself significantly lose huge amount of profits.
To counter this issue and to provide a perfect solution to wine counterfeit, a highly professional team from Italy is on the mission.
Project objective
The main aim of the FOLLOWINE project is to create a perfect global ecosystem to eliminate any type of wine counterfeiting. To achieve this Followine developers uses blockchain technology, crypto tokens and anti-counterfeiting algorithms.
Principle of operation
To combat counterfeit wine products Followine team implements blockchain technology and QR code system. Here a unique QR code will be labelled on each wine bottle, the QR code contains all the details of winemakers, manufacturing dates and supply details etc. In order to verify the authenticity of every wine bottle, consumers need to install the Followine application on their smartphone and scan the QR code printed on the bottle.
This system helps to identify the the genuine wine products. Thus consumers will get the authentic real taste of quality wine. For doing so, consumers will receive reward tokens from Followine team. These tokens can be exchanged to fiat currency and also for wine bottles. Use of tokens provides instant payment solutions at less commission fee.
Advantages of Followine project
Followine project is committed to provide genuine and authentic fine wine for consumers. By the implementation of blockchain eliminates any unnecessary intermediaries and fraud data. With the use of QR code system users can check the authenticity of wine bottles and winemaker's get profit equal to their hard work.
By scanning QR code, users not only help wine industry to fight to against counterfeit products but also they receive tokens as a reward. This potentially motivate users to participate in the anti-counterfeit movement. QR code contains information about manufacturing details such as wine contents, production date and winemaker details. All this data is stored on blockchain and available to public view. Thus users can know what they are drinking.
ICO details and timelines
• Token ticker: WINE
• Token price: €0.10
• Platform: ERC20
• Total tokens: 250 million
• Softcap: €1 million
• Hardcap: €12 million
• Minimum investment: $100
Token distribution
Team
Conclusion
There is no doubt that projects like Followine not only revolutionizing the wine industry but also helping blockchain to get adopted in the real world. Followine project is doing a remarkable work in the elimination of counterfeit wine products from the market. Users can check the authenticity of wine products by scanning QR code and also get rewarded for doing so. This not only helps consumers but also winemakers and entire wine industry. This project needs much public attention.
Learn more about Followine:
Website: https://followine.io/en/
Read Whitepaper: https://followine.io/libs/file/followine-whitepaper-eng.pdf
ANN thread: https://bitcointalk.org/index.php?topic=5063304
Telegram: https://t.me/joinchat/JOJ6iVGECEwBFIscsv4KXA
Facebook: https://www.facebook.com/FollowineIT/
Twitter: https://twitter.com/FOLLOWINE_it
Medium: https://medium.com/@followine
LinkedIn: https://www.linkedin.com/company/followine
Instagram: https://www.instagram.com/followine_official/
GitHub: https://github.com/followine/daico
About Author:
Bitcointalk username: Abhijeetcg
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1676105;sa=summary
ETH address: 0x96e95a1F40cf5a50178053740ADE18046815362d
