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Counterfeit wine is estimated to be almost 20% of the wine sold globally, which means that one in five wine consumers are drinking falsely labeled or fake wine. Over the last 10 years, the wine industry has seen a spike in counterfeit wine, costing the global industry US$3.18 billion in direct
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Okay Bears, a Solana-powered NFT, managed to top OpenSea’s 24-hour sales tracker for the first time earlier today, beating out all other Ethereum (ETH) projects on offer. It’s the first time a Solana (SOL) NFT project has reached the top spot in popular NFT marketplace OpenSea’s 24-hour sales tracker. .@okaybears
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Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major
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It’s a special occasion, and time to uncork the good stuff. But how do you know if the expensive bottle of wine on the dinner table really contains what its fancy label claims? China is one of the largest wine consumers in the world by total volume, ranking fifth below the
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An IBM blockchain-powered platform is now offering a way for people to track wine from its vineyard origins all the way to your local store shelf.In an announcement today, IBM said it has partnered with wine monitoring firm eProvenance to release the VinAssure platform. Built on IBM Blockchain Transparent Supply,
Read MoreThe Australian government-backed agricultural supply chain platform Entrust has announced it will operate on Hedera Hashgraph — a distributed ledger platform claiming a transactional throughput of 10,000 transactions per second.South Australia’s premier, Steven Marshall, officially launched Entrust on September 20, describing the platform’s initial focus as protecting the wine and
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Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions, according to a blog post published by NEM on July 4. Symbol reportedly developed a blockchain
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