Most people view alcohol as commodity that should not be taken. That is why there are millions of teetotalers around the globe today. Though posing health challenge when taken in the wrong proportion, alcohol still has positive functions that can be related with in the human anatomy.
In this post, emphasis will be placed on a blockchain platform that wants to make alcohol available in many homes. At the moment, the alcohol beverage industry is valued at about $26 billion USD and this market value is set to rise as the year goes by. Aclyd, the first blockchain network specifically centered on the multi-billion dollar alcohol industry is not limited to making alcohol available but also solving some downsides. It is therefore pertinent to understand some of these issues the platform wants to solve.
Downsides
If you are not literally towing the line of alcohol abhorrence, you must have discovered that the product is not meant for everyone. As many brands would posit, underage persons falling below the ages of 18 and 16 as the case might be are not allowed to consume the product. Given the fact that there are no vibrant authorities in place to checkmate how these practice is applied, there have been cases where the dispatch gets to deliver a brand and is surprised having an underage as the recipient.
The other downside to the industry is last mile hitches where brands are not delivered in real-time. Coupled with this is literally hoard of ingredients since involved parties are battling with high exchange rates especially if they operate from different countries. Moreover, inability of the industry to embrace technological inputs is embarrassing. Aclyd is literally forcing it upon the industry to incorporate the huge benefits that comes with the blockchain technology into its operations. Thus, Aclyd became the first platform to bring the blockchain to yet another use case – the alcohol industry.
How does ACLYD work?
Just like a Head of State that comes into power, it is expected that the first step would be to constitute a cabinet. Thus, Aclyd took the first step which is removal of unwanted consumers – minors. It might seem herculean task but the platform had already braced for challenges ahead. It has its utility token as the proponent of this. Before a user can purchase the token, he has to be up to specified age. It is this token that serves as primary payment and a user whose age had been verified before purchasing the token is free to purchase alcoholic products. This means devised by the platform might seem minimal but that is the least it could do to remove minors from the map of alcoholic consumption.
Smart Contracts in your palms
Aclyd is perhaps the first platform to allow end-users create smart contracts. This feature is availed to vendors and alcohol farmers. Given the fact that the two most important ingredients for alcohol production – Agave and Tequila are not readily available when a smart contract is created by interested users, these products can easily be sourced.
The created smart contract can emanate from the vendor who creates one in view of expected ingredients and a farmer who agrees to this will deliver at scheduled time. This is great way of facilitating transactions and in addition, these smart contracts are pioneered by crypto currencies. On the vendors’ part, they can put up another smart contract on the platform indicating interest to sell off available alcoholic brands at their kitty and users who meet up to expectation can place orders.
Conclusively, with the emergence of the ACLYD platform, alcohol will be made available to only those whose age groups match available brands. On the other hand, user-oriented smart contracts are a better way of solving the issue of ingredient hoarding. With the fast stride taken by the blockchain, Aclyd will have little trouble making headway into fiat settings.
TOKEN SPECIFICATIONS
Symbol: ACLYD
Token Standard: ERC-20
Platform: Ethereum
Soft Cap: $500,000 USD
Hard Cap: $10,202,500 USD
Exchange Rate: 1 ACYLD= $0.07 USD
Accepted Currencies: BTC, LTC, ETH
Registration Country: Bermuda
Restricted: The USA
TOKEN DISTRIBUTION
ACLYD PROJECT TEAM
For more information about ACLYD, kindly visit:
Website: https://aclyd.com/
Whitepaper: https://aclyd.com/wp-content/uploads/WP.pdf
Twitter: https://twitter.com/AclydProject
Telegram: https://t.me/aclyd
Writers Bounty0x username: Crypto4ruby