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I was reading some articles on blockchain not long ago and I came across a line that says that blockchain projects have covered virtually every sector of the economy, though with particular emphasis on the mobile sector and IoT. Somehow, I haboured doubts about that assertion as I was yet to come across projects of certain sectors of the economy among which was the wine/alcohol industry... until now...
Wine and spirits is one of the fastest growing industries globally especially from the perspective of online sales/marketing. Yeah, we are in a digital age where virtually everything revolves around the net. From marketing/sales, to information, to education, to music, etc. Online sales have great potentials; it is therefore not surprising that it is fast on the rise – and with it, the demand for home delivery. Wine and spirits is an industry with exponential growth potentials and it would readily boom in online sales but for some setbacks it suffers due to challenges that are apparently difficult to stem. These challenges that plague the wine/alcohol industry are two-fold:
- Checking minors from accessing the products, and
- Payments processing
- Checking Minors:
As well known it goes against the laws of some countries like the USA for minors to purchase or consume alcoholic drinks. 'Minors' here refer to individuals below age 18. Breaching this rule comes with severe penalty for the offenders and the merchants that supply them the liquor. Hence, this class of individuals are generally restricted from accessing alcoholic beverages both online and offline. This notwithstanding, studies have explicitly unveiled that minors have quite an easy time accessing alcohol online (than they do offline.). This is not surprising. Minors who are well knowledgeable in the internet find it very easy to outsmart the law. They recourse to the net as an easy channel to acquire liquor, taking advantage of the lack of checks in such online transactions.
Thus, the means to effectively restrict minors especially at the consumer level is a serious challenge to the alcohol industry especially with respect to online purchases and home delivery of products.
- Payment Processing:
The present system of paper checks for alcoholic products causes unnecessary lag in the supply chain which is very unhealthy for smooth running of businesses in the wine & spirits industry. To worsen the ordeal, unnecessary charges are from time to time imposed for those goods - even those ordered online - as the papers pass from one hand to another during the checking procedures. Needless to say, this is an experience that no merchant or buyer wishes to undergo at any rate.
The ACLYD project is poised to disrupt and revolutionize the wine and spirits industry by offering a payment solution that would effectively check these challenges plaguing the industry at present. Utilizing blockchain technology, the ACLYD project proposes a payment system – its carefully designed smart wallet and token – to be used in online transactions within the wine/spirits industry.
THE ACLYD SMART WALLET AND TOKEN
The ACLYD solution to the above challenges in the wine and spirits industry revolves around its smart wallet. This technology harnesses effective home delivery of alcoholic beverages while at the same time restricting minors from accessing the products. This implies that the ACLYD wallet is designed such as to restrict under-age individuals (ie <18-year-olds) from having access it hence, to alcoholic drinks. This wallet has two key features that would tackle these challenges:
- A KYC/age verification feature, and
- Third party delivery sites
The ACLYD KYC feature is set in place to restrict under-aged individuals from accessing the ACLYD wallet, its tokens, and every other services provided by the platform which relate to purchase of alcoholic beverages. This feature would ensure that users of the wallet are of legal status thus, checking the persistent challenges of keeping off minors from this sort of drinks.
I think it is worth expatiating on this a bit as you might be curious to know exactly how this works.
Well, here it is:
Every user on the ACLYD platform would be mandated to undergo a KYC procedure as a key to accessing the ACLYD smart wallet. Thus filtered, individuals of inappropriate age would be denied access to the wallet, the ACLYD tokens, and all the services that come with it including home delivery of purchased products. Thus, wine merchants would be able to verify that the wallet holder is of appropriate age before delivering products to them in their homes.
Apart from this very important function, the ACLYD wallet would speed up payment processing - being a blockchain-based payment system. This digital system would make the payment/transaction procedure faster than the current methods used. It also has the advantage of lowering costs of transactions, eliminating the unnecessary charges along the supply chain.
Ultimately, the ACLYD wallet being a smart and portable app would go a long way in spreading the adoption of the ACLYD token and by extension, the blockchain technology in the wine ansd spirits industry.
The ACLYD project has since completed its presale with huge success and it's ICO is currently running - to be ended by November or whenever the tokens have been sold out. You might want to join in to support this amazing project.
For more information on the ACLYD project, visit their official website at https://aclyd.com/
Also read their whitepaper here: https://aclyd.com/wp-content/uploads/WP.pdf
You might want to join their telegram group for regular updates on the project. Go here: https://t.me/aclyd
Best of luck to the ACLYD project!
BOUNTY0X USERNAME: diana1