There is yet another company utilizing blockchain technology. This company uses blockchain to fight counterfeiting.Ardnamurchan Distillery a distiller in Scotland in conjunction with technology firm arc-net plans on using blockchain technology to track and authenticate bottles of whiskey throughout the entire supply chain.
Through the use of unique QR code on each bottle the distillery will be able to trace, track and authenticate transactions. This will safeguard against counterfeits and guarantee integrity
By simply scanning the bottle a customer can find out the entire story of the whisky they just purchased. Every bottle you purchase will tell the unique story of its origin and travel. Just thinking out loud this would be great for baseball cards and other memorabilia.
Block Chain Technology
Blockchain provides a decentralized database, or “digital ledger” of transactions that everyone on the network can see. This network is essentially a chain of computers that must all approve an exchange before it can be verified and recorded. This can be accomplished without the need for a trusted third party thereby reducing the cost and increasing the efficiency.
Technology works for almost every type of transaction involving value, including money, goods and property. Its potential uses are almost limitless.
While still becoming familiar with this technology I’ve definitely become a cheerleader of its adoption or at least greater study in the manufacturing realm. From material certs to payment processing blockchain technology is definitely a viable option that should be explored.