In a world where three billion people are connected online, cars are learning to drive themselves and appliances can communicate, fine wine trading remains resolutely low-tech.
It’s a reliable approach, but it means that trading wine is expensive, inefficient and bureaucratic, and thousands of potential investors go elsewhere.
WiV is going to change this by connecting seller, buyers and traders. We are creating an environment where fine wine can be traded globally, instantly and securely and without friction.
We are not looking to disrupt, we want to augment existing systems, complementing the way things work today with a system that will attract a new generation of buyers.
WiV uses advanced blockchain technology to create a token with full provenance, trade and storage history for every bottle or case of wine that’s on the system.
Based on the non-fungible token from Ethereum ERC-721, it is scaleable, secure and integrates seamlessly with existing systems.