In my today's article I will be reviewing an important and interesting platform that has many great potentials and concept. The name of this platform is Aclyd ecosystem. This is a blockchain based identity verification and payment processing platform.
The project is a peer to peer solution for payment,transaction and trade basically for alcoholic beverages. The name of the platform is gotten from it's route in the LYDIA kingdom who where the first to mint coins starting from the time of king Alyatees of Lydia in 591 Bc.
It is a revolutionary cryptocurrency platform that is focused on streamlining the payment and distribution system for the entire alcoholic spirits industry.
ACLYD WALLET AND TOKEN
The main purpose of the platform is to create a digital wallet that has a KYC feature that can be able to initiate or integrates age verification with third party delivery sites to ensure all the purchaser is legal status.
This will make it possible for the age appropriate wallet holders to have access to purchase ACLYD tokens and it will be accepted by the delivery applications. This apps will then take the ACLYD tokens and use it to pay for additional inventory which will be accepted by the wholesalers and the importers.
The wholesalers and the importers who are in possession of these tokens can use it to conduct cross border transaction with the manufacturers or even the farmers in order to be able t secure additional product.
These cross combination of the wallet and the token will ensure the growth of door to door delivery of alcohol apps and also it will facilitate a faster and more efficient method of payment for goods that is within the supply channel. The diagram explains more to this
THE SMART WALLET
This smart wallet will be restricted to age appropriate individuals and it can be used with various existing mobile applications to provide features that will allow delivery parties to be able to verify that the person receiving the goods is the right wallet holder.
This method will form a strong barrier toward restricting minors and also the fact that these transaction are recorded on the blockchain system. It allows abuses to be traced back to the source and it will addressed and then flagged as being associated with an inappropriate transactions.
THE OPPORTUNITIES
The platform create different kinds of opportunities for its users and also uses the smart contract platform to resolve problems for the alcohol industries and this also include the producers and the suppliers.
In the area of solving problems ,the Tequila sales industry estimated at 2.6 billion $ have been facing a lot of crises recently and this is related to agricultural products volatile history of supply availability and also price variability. This crises cause agave farmers to over plant when the price was too high.
The Aclyd platform brought solution to this with the use of blockchain technology and the smart contract transactions which stabilize the effect in the market sector. With the use of the blockchain technology,the agave farmers can create a contract and then agree to accept cryptocurrency as a means of payment for future delivery.
So any time an entry is created on the blockchain,other market participants can be able to access the information's in real time. This will establish a comprehensive network for price accuracy information and then add an element of efficiency to the agave markets.
THE APPLICATION
The project will invest in Fuego fino.inc and other assets and the goal of the investment is to leverage on the fuego fino. The whole explanation is seen shown below .
THE TECHNOLOGY
The aclyd platform is developed on the ethereum blockchain. The ethereum as everybody know is a smart contract based blockchain which enables the development of applications without the hassle of building an independent blockchain.
It is reliable ,faster and even a convenient platform and this is where the aclyd platform operates. The ethereum platform provides maximum security within the whole system and also provides transparency and consistency with cryptographic verifications.
ROADMAP
TEAM MEMBERS
CONCLUSION
The aclyd platform is a blockchain based identity verification and security system that is focused on alcoholic beverages.
The platform wants to be the new drinking buddy with their wallet Dapp features which is an easy blockchain wallet setup,goods can be purchased using any payment method ,token purchase is automated within the buying process and the platform provides powerful sales tracking and inventory management tools.
The platform is an interesting one and it has many great potentials with great team members. I will advice every one to invest in this platform because it worth doing so. For more information just click on the useful links for further details.
USEFUL LINKS
Website-- https://www..aclyd.com/
Twitter--- https://twitter.com/AclydProject
Reddit-- https://www.reddit.com/user/Aclyd
Telegram-- https://t.me/acly
Author details
Bounty0x username-- ifeoma419
This article is created in exchange for a potential token reward through bounty0x.
