The Future of Wine Provenance Is Bitcoin

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Another outside of the bos use of Bitcoin Technology.

Vinfolio Blog

Digital Provenance: How Wine Bottles Will Be Tracked Using Bitcoin

Introduction

Bitcoin is going to revolutionize the way that wine provenance is understood in the digital age.  Imagine a world in which you hold ownership of both a physical bottle of wine and a unique digital record that verifies exactly who owned the bottle of wine before you – traceable all the way back to the original producer.  Bitcoin has created a platform that enables digital asset transfers across the internet.  The wine industry is now presented with the opportunity to leverage an emerging technology to make digital provenance a reality.  By associating each physical asset (a wine bottle) with a digital asset (a minuscule fraction of a bitcoin), one can create a traceable, pseudo-anonymous, decentralized, permanent historical archive of wine transactions.

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