Wine & Pisco Blockchain
•
1 like•753 views
The document discusses using blockchain technology to increase transparency and tracking in the winemaking process. It proposes creating an immutable record of information on cultivation, winemaking steps, distribution, and consumer interactions. This would allow consumers to access certified information through smart labels, and help producers increase profits through higher prices for guaranteed quality and transparency. The first application of a wine blockchain by EY tracked data from a vineyard in 4 weeks, receiving positive media coverage.
Report
Share
More Related Content
What's hot
What's hot (20)
Similar to Wine & Pisco Blockchain
Similar to Wine & Pisco Blockchain (20)
More from Marco Alejandro Esparza Montejo
Recently uploaded
Recently uploaded (20)
Wine & Pisco Blockchain
- 1. WINE BLOCKCHAIN: A NEW PARADIGM OF TRASPARENCY AND TRACKING IN WINEMAKING PROCESS
- 2. The Blockchain is a public and distributed register shared among different participants of a peer-to-peer network. The name of blockchain is related to a chain of blocks chronologically ordered and protected by cryptography. Blockchain technology NOTARIZATION TOKENIZATION SMART CONTRACT • Immutability/non-repudiation • Timestamping • Cryptography • Exchange of non replicable digital asset by mantaining privacy and security of information • To make the exchange dynamic • To create automatic execution of business rules when certain criteria are met • The parties do not share the infrastructure but they take advantage of full interoperability Always available auditability
- 3. TRACKEY background Communication and Marketing as competitive leverage Globalization and competition increase* *: Analisi EY, Global Food Forums, Pambianco report, Competition in the Food Retail sector, inumeridelvino **: “Atteggiamenti e comportamenti del consumatore” Veronafiere in collaborazione con C.R.A., Gambero Rosso Opportunities and trends Suite of integrated services for differentiation, internazionalization and authenticity of Made in Italy Wine, trough new ways of communication based on innovative technologies like BlockchainTrack B2C Communicate products to end customer B2B Differentiation along the distribution channel 89% 71% 74% 60% wants to know Italian wine world and criteria for origin certification available to pay a premium price affected by transparency and traceability check the label to verify sustainability More transparency for export and foreign Institutions Guaranteed quality and more info for business clients Blockchain allows to take advantage of a global interest 30 billion litres wine global consumption within 2020 Limited awareness for Italian wines abroad Export and marketing crucial for growth and sustainability Climate change creates new competitors
- 4. The first application of Wine Blockchain EY Geographical context and winery information History and images from the field to the grapes Winemaking phases Data field Cultivation process Winemaking process Distribution and after sales
- 5. The building blocks of TRACKEY Certification Mechanism Data Gathering Manual / Automated Data management system Data Collection Platform Notarization platform Data Publication on Web New Block Entry Web Properties Certified Mechanism Data to certify in Blockchain can be collected also from proprietary or legagy systems 1 2 3 4.a 4.b IOT / Drones App Manual Regional DB ERP Data SC
- 6. Tracking and certification of each step From fields cultivation to harvesting process A plenty of informations can be gathered and continuously tracked from each production step along the entire supply chain, with the goal to deliver certificated products data among their origin and quality. 23456a 23456a-01 October 2nd - h 6.26 PM November, 9th - h 4.05 PM July, 11th - h 10.20 AM October, 21th - h 7.30 PM 23456a-01/b Data gathering directly from the field (e.g. cultivation, harvesting) Data gathering from the transformation process Data gathering directly from the packaging process Data gathering from logistics among entire distribution process Production Inspections and lab analysis that can be executed by Institutions able to notarize their certification straight on the Blockchain Transformation Raw material transformation Packaging Products enclosure and protection sales Distribution Logistics to grant availability downstream DATA DATA DATA DATA BlockchainProcessSteps Post Sales Traceability, Claims, Consumers Requests The end consumer can access all information through a smart label linking to a landing page with story-telling and interactive solutions
- 7. Storytelling and Data Analytics Web Properties WebSite Social Media Blog Forum Front-end and story telling lending page Geographic Data Demographic Data Other data e.g. Technology for scanning of the QR code E-Commerce
- 8. High value tangible benefits for manufacturers… Immutable and tamper-proof data Data collection model for auditing and digitization Precision farming / business intelligence systems integration Profits increase and overall process costs reduction Profit increase due to higher prices thanks to guaranteed quality and transparency Value Added Services to leverage all the opportunities of TRACKEY Real-time access to ministerial and regional data Brand value increase and better reputation / awareness on the market Operation Business
- 9. …and consumers High quality product warranty to final consumer Production process transparency User-generated content on social media platforms which lead to knowledge sharing Direct mobile access to certified informations through security code on smartphone Easy interaction with certified informations through a targeted storytelling Benefits related to education about whole industrial processes for goods production
- 10. Wine Blockchain EY can bring immediate advantages Better performances for certified wines are related to increases in price, not volume 5 This brings to high margin 6 It is hard to guarantee authenticity with traditional certifications 7 Wine Blockchain EY can bring results in terms of revenues at least equal to those brought by traditional certification ~ +5% Revenue / Year CPG thinks that they success factor is no more price, but the transparency and authenticity 3 Certified Wine is continuously growing 1 Customers are willing to pay more for certification2
- 11. The first wine supply chain registered in Blockchain TRASPARENCY DIFFERENTIATION DIGITIZATION 1741 Sessions 33% age 25-34 54% Male 5,5% Running 54% Italian - 25% time saving nei Q&A checks + 580% click on the company website CLIENT PROFILE Analysis and water consumpion Registro dei trattamenti Treatment products Data and certifications of Winery ELAPSED PROJECT: 4 WEEKS
- 12. Sustainability approach WATER CONSUMPTION CHEMICAL PRODUCTS USAGE ECOLOGICAL FOOTPRINT 549* L/Bot value estimate for 0,75 L
- 13. Media coverage for the first Blockchain solution Key success factor Food quality is under the spotlight and customers demand more and more transparency Blockchain is the most innovative tool to certificate products and support the quality communication The news has been posted by the principal Italian newspapers and international Press • France • China • Germany • Spain • Russia • USA
- 14. Targets and forthcoming developments Wine First market to be targeted is Wine: high value production that strongly relies on certification and that suffers the counterfeiting. Wineries Consumer packaged goods Wholesale and retailers Olive oil Bio products Cheese Fish supply chain