The Alcohol Industry is one that deals with the manufacturing, distribution and sale of alcoholic beverages and its a very booming commercial business. A lot of business and banks especially the World Bank invests in this commercial business with regard to its positive effects concerning public health and safety.
This industry grows very fast due to the fact its integrated into the daily lives of a number of people in our society as its being served as drinks in places such as Lounges, Clubs and others. Also a lot of people do take it daily as it helps them to relax from all the stress accumulated during the days work. Due to this integration and its widely acceptable by the lot of population, the revenues generated from the sale and production of alcohol exceeds over a billion dollars monthly.
But there is a serious problem attached to the Alcohol Industry and this hinders the growth of the industry. They include Overdrinking of Alcohol which leads to alcohol poisoning and negative behaviors, also there is the issue of minors who are under the age of 18 years who aren't allowed to purchase or drink alcohol, the issue of slow and delayed payment and distribution channels for the distribution of alcohol as well as the low transparency in the dealings of alcohol in regards to payments and this has ultimately led to the stagnant growth of this sector and numerous critisms targeted at the industry.
All this above issues has led to the coming of a platform called Acyld which intends to forever change the face of the Alcohol Industry with the incorporation of blockchain technology imbibed with smart contracts to make the industry a better and innovative one.
The Acyld Platform
This is a platform that was developed to curb all the issues that hinders the growth of the alcohol industry with the use of blockchain technology and smart contracts and this will greatly facilitate most of the payment and distribution problems as well as increase transparency in its transactions. It also has the KYC feature that will be able to regulate the Issue of minors and those that will try and abuse the system. All this were made possible with the use of the Acyld Tokens based on the blockchain network.
Advantages of the Acyld Platform
The platform comes with a lot of advantages to the Alcohol Industry and they include
*Purchase of alcohol with the use of its native token on the platform and this token is based on the blockchain network and this will ensure transparency as well as an efficient and fast payment channel for its distribution. This will ensure and allow transactions between distributors and manufacturers who live in different parts of the world and facilitate its exportation.
*Regulation of Minors from the Consumption of alcohol with the use of its KYC features and this will prevent those who aren't up to the age limit to purchase alcohol. This will involve full identification of the user as well as his or her age in order for this feature to be used successfully.
*The use of smart contracts in order to automate and facilitate the transaction between the farmers, manufacturers, distributors and the consumers and this will prevent the delays as well as increase transparency between these key players thereby ensuring trust amongst them.
*The creation of the Acyld wallet that can be used to store the Acyld tokens and this will be used in platform and this tokens can be either gotten from the crowdsale or later on from numerous cryptocurrency exchanges.
The Acyld Tokens
This is the native token of the Acyld platform and its an ERC20 token based in the ethereum blockchain powered by smart contracts. This is the token that will be used for all forms of payment on the platform and with the use of the KYC features, minors are restricted from purchasing this token and hence being prevented access to alcohol. This token has a ticker of ACYLD and its being valued at $0.07 at the Acyld Crowdsale.
Conclusion
Thus, the alcohol industry that has been plagued with numerous problems that led out its critism by a number of people will be revolutionised with the coming of the Acyld platform which has the sole aim of tackling the issue of minors as well as the slow and inefficient payments as well as lack of transparency involved in its transactions. This will be made possible with the blockchain technology, smart contracts as well as the KYC feature.
For more information, please visit
Website : https://aclyd.com
Whitepaper: https://aclyd.com/wp-content/uploads/WP.pdf
Twitter: https://twitter.com/AclydProject
Telegram https://t.me/aclyd
Bitcointalk: https://bitcointalk.org/index.php?topic=4941612
Medium: https://medium.com/aclyd
Instagram: https://www.instagram.com/aclyd.io/
Linkedln: https://www.linkedin.com/company/the-aclyd-project/
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