The blockchain revolution is still in its infancy, but enterprising entrepreneurs are already pushing the limits of what the technology can achieve.
Meet Gliding Eagle, a technology company with unique technology that allows wine manufacturers to trace their products from the warehouse all the way to the end consumer, no matter where they are in the world. The technology also allows consumers to use a smartphone to learn everything about the producer, brand, and product, where the product has been and how and when it got there.
A blockchain records every digital transaction and exchanges of goods, services, and value, exactly as it occurs (picture a global spreadsheet running on millions of computers). They can also provide feedback or get support with just a tap on their phone. It ensures the authenticity of the bottle and reduces the murkiness in global trade.
FreeEnterprise.com spoke to Adam Ivor, co-founder of Gliding Eagle Inc. to hear about how they got the idea to marry blockchain and produce. Take a look at the video below for more!
(And check out the U. S. Chamber of Commerce’s Get Smart on Blockchain Summit on August 1. To learn more about blockchain and evolving supply chain trends, check out the webcast from this year’s Global Supply Chain Summit.)