First of all we have been producing wine and craft alcohol for eight years and we know this market from the inside. There are two main problems of beverage market.
The total value of fake wine is around $3 billion, the same is going on with other alcoholic beverage.
How one could know which one of two wine bottles of Merlo on the shelf in the shop was made from grapes and without chemicals and which one was made from low quality bulk wine using a lot of different chemicals, flavor enhancers , sugar etc.? It’s not required by law to write on the label the full list of ingredients used in production of wine or other alcoholic beverage.
Bulk wine is accounted for 38% of global wine trade in terms of volume, thus half of the wine sold around the world.
The revolutionary solution we offer with beverage.cash project is the only way to protect producers from counterfeit and protect consumers from dishonest beverage producers.
What we use:
1. RFID network – tags, readers, active sensors – automatically collects information from the vineyard, vinery, wine cellar (type of grapes, weather information, quantity, quality, temperature, time stored in oak barrels, geolocation and so on) and store this information in blockchain.
2. Blockchain is a guarantee that information collected by RFID can’t and will not be changed. This is the best protection against dishonest beverage producers.
3. QR/NFC – labels will be attached to every bottle of the beverage producers who participates in the project. From one hand, these labels is the key to access to all information stored about this certain bottle on blockchain for consumer; from another hand, this is a protection for producers from fake products being sold in the shops.
At the moment several wineries have already given their consent to participate in the project and new requests for cooperation are coming every day.
Rated on Sep 30, 2018
Modified on Oct 25, 2018
Interesting combination of IOT and Blockchain. This is essentially one of the main uses of blockchain and I have seen multiple projects trying to do this as well. Interested to see what comes out of it. Team size is pretty small for now, hope it gets bigger in time to come! Will be following this project.
Rated on Nov 28, 2018
Success for similar projects. I like the vision, but overall I would like to see more out of a project that I would invest in.
Ratings are that of opinion and not to be financial advice of any kind and in no way should be considered endorsement of any project. Please, do your own due diligence on anything you invest in!
Rated on Oct 1, 2018
Utilizing blockchain for food tracking is not a new idea but I can see the appeal in specializing in alcoholic beverages especially for quality control/prevention of counterfeit products and creating a community that already exists. Will be watching to see where this project is going.
Rated on Sep 7, 2018
What Beverage.cash is trying to do was recently done by a coffee maker as well. Although it’s a good way to ensure authenticity and place of origin for the alcoholic beverage, I don’t see its application outside of selected types of liquor. The added RFID and NFC tags will also make disposal of empty bottles harder to recycle.
The team is strong and they have an experienced advisors on board. The business planning started in 2015, which means they have had plenty of time to tweak their idea. Eagerly waiting for the MVP. Good luck to the team.
About coffee, if you are talking about bext360, then we have a common and there are differences.
When they adding new product in the chain - token issued automatically. The price of the token increases as the product move along the chain from the manufacturer to the buyer.
The economy of our token is related to the limited emission of a token. With addition of beverage producers on the platform, there is an increase in orders for RFID equipment and QR / NFC labels and constant increase in the amount of fiat-capital needed to purchase tokens on the platform. A limited number of tokens give an unlimited growth potential. The price in this case is directly proportional to the capitalization on the platform. If we go to mathematics, it will look like this:
RFID, QR/ NFC is a sector of the real economy, which is quoted in fiat money, but is sold for tokens. If we assume that the emission is 1 token, then the change in its value will look like this (we consider as well that the cost of the NFC label does not change and equal to 0.1 USD):
1 NFC sold:
1 token = 1 NFC = 0.1 USD ((price for 1 NFC is 1 token or 0.1 USD)
Order for 10 NFC:
1 token = 10 x NFC = 1 USD (price for 1 NFC is 0.1 token or 0.1 USD)
Order per million NFC:
1 token = 1M NFC = 100,000 USD (price for 1 NFC is 0.000001 token or 0.1 USD)
In the alcohol market, billions of bottles are sold annually and the production of new bottles does not stop for a minute.
With regard to the recycling of bottles - the label is removed from the bottle along with the main label, so there are no problem.
Rated on Sep 19, 2018
Food-tracking projects have been quite successful in the last year, so going more into a niche would be the next logical step, as it would allow more specific tracking and procedures.
I find the product as being extremely useful in real-life, as the beverage industry is one of the most impacted by counterfeiting. Being able to track a beverage from the field to the bottle would be a huge advantage.
I rated the vision with 4 out of 5 because it's not really a revolutionary/unapproached vision, as it has been made before in other food chains.
This is a unique project, which has no analogues.
Of course those technologies are used separately: RFID for process automatization, blockchain – there was few attempts to use it for the alcoholic beverage industry, there is the use of QR and NFC to enter virtual reality. The complex that we are creating has united all these technology for trust building between consumers and producers and their protection.
For example VIVINO - nice application, but using platform it’s easy to manipulate consumer´s opinions. The essence of it is that a person decides to buy another bottle of wine based on the opinions of others. But everyone can write these opinions themselves or hire a team to write them.
The Beverage.cash project have another target - building of transparency and trust between the manufacturer and the consumer. Our platform make consumer´s opinions manipulation impossible.
Or, for example, VeChain – with whom we have in common that for payments inside the platform we use our own crypto currency.
Everything purchased on the platform: RFID equipment, RFID tags and sensors, QR / NFA tags, service fees, commission – аrе paid by internal tokens. As in the case of VeChain, the stability of the token is supported by demanded goods sold on the platform for crypto currency.
Now about the differences: VeChain - offer the use of QR code to collect/trace/store information about the product in blockchain and displayed on the platform. Their main purpose
is protection against forgery, protection changing information about the life cycle of the product (car for example).
We have a different goal and another solution.
The task is to automate the process of collecting information at all stages of production of alcoholic beverages, keeping it in the blockchain and providing this information to end users when they are making a purchasing decision.
The Beverage.cash platform is not only an information portal, as VeChain, but also a full-fledged platform for the trade in alcoholic beverages.
Therefore, you can compare VeChain and Beverage.Cash in terms of the demand for an internal token used on the platform -.. If we are talking about the
Rated on Oct 18, 2018
As a wine drinker let me start by saying that I love the vision. They have a good degree of experience producing wine and from what I have read they seem to know the market well enough to make this project/business work.
The team isn't massive but they make up in experience. From my research they all seem legitimate. They all seem to be 100% behind this.
If one looks at the math - I believe that this would be something worth investing in. It is a unique project with no obvious competitors (that are doing things this revolutionary way).
I will be watching this project closely.
Rated on Sep 22, 2018
Modified on Feb 2, 2019
I like the vision, the integration element to the blockchain and agree counterfeit is a big issue.
There is no mvp available at the time of review (this will happen post raise) and the white paper is basic especially for a proposed 100% asset back project. There is a lot of information missing - no financial projections, no competitor analysis, no mention of reporting obligations of asset values (how will this be done), how insurance will work (in the event of damage / wastage)
From what is identified the team the experience is minimal in the related field. A number of the team members worked at Castle Soils but it doesn’t explain their experiences, their role or what they achieved. Together with the white paper my view is they don’t have the commercial acumen or experience to deliver the objectives set out
Updated my rating following further information provided.
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Market research and experts consulting and business model's creation.
Registration of the company and obtaining the necessary licenses.
The beginning os the work "Caste Solis" wine club.
Platform concept creation.
Tokens private sale.
Pre-ICO, ICO tokens sale.
PLacement of Beverage Coin (BC) on exchanges.
Create a Beverage.Cash wallet, alpha version of the platform.
Platform launch and public beta testing.
Launching thw Web Platform.
Launch iOS/Android versions.
Release SDK, attract third party developers.