ACLYD: Projecting the Alcohol Industry To The Next Level Through Blockchain Technology

Introduction

The alcohol industry is one vast sector whose development has been prevalent for as long as man could think of. With the global alcoholic beverage market being valued at around USD 1263.19Billion based on a Survey conducted in 2017, there is obviously no doubt to the fact that this industry holds great potentials to become one of the leaders in terms of global revenue generation in the coming years.
However, it will be unwise to fall only for these mind-boggling statistics. The alcohol industry also, over the years has experienced its fair share of setbacks just like any other leading industry today.
Below is a brief review of some bottlenecks, threathening to stunt the development of this multi-billion dollars industry.

Major Bottlenecks Threatening The Development of The Alcohol Industry

• Price Variability:

The effect of price variability on the alcohol industry couldn't be over-emphasised. We are all aware of the fact that the major raw-material essential for the production of these special beverages are gotten from plants. The amount of these essential farm produce cultivated and harvested are largely dependent on the price status at a given point in time. This however, has its adverse effect on the whole supply chain with the major producers having to keep up with great loss on their own would impose extra cost on the product when selling to the wholesalers and sadly, this ridiculous trend goes on until these product gets to the last agent on the chain; the consumers.

• Underage Consumption

The problem of underage consumption of alcoholic products has been one situation this industry has had to deal with for decades now.
Although the legal age of alcohol consumption differs based on countries, one thing is still constant. Every region has their fair share of this situation to deal with.
Statistics shows that 11% of all alcohol consumed in the United States are consumed by youths below the legal drinking age. What will even interest you more is the fact that on average, underage drinkers consume more drinks per drinking occasion than adult drinkers.
With the alcohol industry aiming to extend its services to include home delivery, the aspect of safety of minors below legal age is a major factor which is affecting this great plan.

Introducing ACLYD: The Blockchain Solution To The Current Setbacks Faced In The Alcohol Industry

What is ACLYD?

Aclyd is blockchain-powered project aimed at bringing the much deserved improvement needed in the alcohol industry.
Aclyd leverages blockchain technology and smart contract to create an ecosystem where the whole problem experienced in the alcohol supply chain is totally arrested. Aclyd also harnesses the power of this modern form of technology to bring a longstanding solution to the regulatory issues being faced in the industry.

Features/Benefits That ACLYD Provide

• State-of-the-Art User Verification System:

ACLYD understands the setbacks the industry has experienced due to countless cases of negligence to regulatory laws placed on alcohol consumption; with underage consumption being the major challenge. By leveraging technology provided by blockchain as well as smart contract, ACLYD is able to provide a secured and world-class verification system known as the KYC Verification. This special verification system will help ensure that internet savvy minors are totally cut off the alcohol business. The ACLYD KYC function restricts minors from gaining access to the smart wallet, ensuring that any attempt to purchase products illegally will prove futile.

• Efficient Supply Chain:

With the help of smart contract, ACLYD is able to provide great efficiency to the supply chain. The long existing problem of price variability will be a thing of the past if this major plan is implemented. With the help of smart contract, alcohol producers can now have a perfect relationship with members of the supply chain because using a unified cryptocurrency provided by the ACLYD team, major deals will be facilitated smoothly both within a particular country and beyond, due to the transparency and efficiency provided by cryptocurrency.

• User-Friendly Interface:

There is no doubt to the fact that no matter how much intervention a project is aimed at providing, if it doesn't come up with a simplified medium through which users can have full access to its features and benefits, that project is a total waste of time.
ACLYD prioritises the interest of its users, that is the main reason why the Aclyd team has put in place a simplified and user-friendly environment where users can conduct their daily business activities without any problem whatsoever. So, whether you have a broad knowledge about cryptocurrency or you have no knowledge at all, ACLYD has got you covered.

• The Aclyd Wallet and Token:

ACLYD provides a digital wallet which will help enable smooth and reliable transactions. A special token called the ACLYD token has been created specifically for the Aclyd plaform in order to facilitate easy transactions within every party involved in the alcohol supply chain. Wholesalers/importers who possess this special tokens can transact business both within their locality and also outside the boarders of their country with farmers and manufaturers. ACLYD however, have put all these in place to ensure flexibility within the alcohol supply channel making door-to-door delivery possible against all odds.

Token Distribution

The ACLYD Token is Erc20 compliant and was created on the Ethereum blockchain. Below is a graphichal representation of how the token will be distributed. For more information about this, refer to the project's whitepaper

Project Roadmap

The ACLYD Team

For more information:

Aclyd Website
Aclyd Telegram
Aclyd Whitepaper
Aclyd Twitter

All images were culled from project's official whitepaper and website

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