Introduction
The adverts keeps coming, the warning “not suitable for person under the age of 18” is written bold and well communicated, yet the underage get access to alcohol and spirit products via online purchase.
Wine and spirits industry brew these products for the matured, and there is no ignoring the fact the industry is doing well in the past years particularly the segments that delivers alcohol and spirits directly to customers witnessing the most significant growth in the wine and spirits sector.
The wine and spirits industry, apart from finding it hard to execute the age restriction policy for the product, they face issues of fluctuations in price of farm produce used in making their products, taking tequila market for an instance where the US-base tequila brand faces price fluctuation when trying to purchase alcohol from their Mexican counter part, the fluctuation in price is as a result of the change in price of agave(the farm product use in the production of tequila).
The Blockchain Solution- ACLYD
Blockchain technology largely regarded as a fintech will bring the much needed solution to the bottlenecks of the wine and spirits industry.
ACLYD PROJECT
Powered by blockchain technology that allows it platform to be tokenized, the ACLYD project present a faster and more resolute ways for trading alcohol beverages. ACLYD allows for a peer to peer solution for payment and transactions in the wine and spirits industry.
ACLYD Project Features
● Smart Contracts
● Digital Wallet
● Digital currency
● Decentralization
ACLYD project transforming the wine and spirits industry
The segment of the wine and spirits industry that allows direct delivery of alcohol beverages to customers have the most significant growth of the sector, will be further strengthen with the blockchain backed ACLYD project that will allow faster payment method via it digital currency (ACLYD token) over the traditional and more lagging fiat payment method.
The ACLYD wallet that allows for the digital storage of the ACLYD token will provide the much needed restrictions for underage customers through it KYC policy for wallet registration hindering underage customers from purchasing alcohol beverages.
The ACLYD smart contracts built on the Ethereum blockchain allows a more stable business policy amongst farmers, alcohol producers and brand companies like the tequila brand case sighted above. Smart contracts are self executing contract agreement that brings solution to issues like price fluctuation and helps resolve other arising contract disputes.
ACLYD Token(ACN)
ACN token is an ERC-20 compatible token built to easily integrate into the existing Ethereum blockchain infrastructure. The ACN token will serve as the traditional currency of the ACLYD project platform and will help ease payment and transaction processes in the wine and spirits industry. ACN provides a fully decentralized payment method on ACLYD platform which is fast, secure and convenient in contrast to the traditional fiat payment method which in no doubt help further strengthen the growth of the alcohol beverage industry.
Conclusion
The blockchain technlogy in recent times have been deployed on various fields and it’s a welcome development ACLYD project is bringing it to the ever growing segment of the wine and spirits industry. ACLYD will help ease the problem of customers under the restricted age for alcohol intake having access to alcohol beverages which will help keep our teenagers well safe. ACLYD smart contracts will help brings the much needed balance in cash inflow throughout the alcohol production networks from farmers to producers and brand companies using it smart contracts feature, also it will help resolve dispute arising from contract agreements without any third party interference.
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