Hello, I’d like to take a moment to introduce you to WiV and explain how we intend to use technology to enhance the way that fine wine is traded.
WiV is already offering pre-launch services to producers, merchants, distributors and investors across Europe and has ambitions to move into Asia early in 2019.
WiV, a trading platform for fine wines, has confirmed that it will be ready for launch in mid-2019. It is already offering pre-launch services to producers, merchants, distributors and investors across Europe and has ambitions to move into Asia early in 2019.
Whether you are looking at vintage cars, antiques or fine wines there are three stages to a trade, pre-trade investigation, trade execution and post-trade clearing and settlement. WiV is seeking to make the process of selling and buying fine wine easier throughout the process.
Unlike many other markets, trading in fine wine has stayed firmly locked in the traditional ways of doing things. On the one hand, this works, it protects the wine that’s being traded ensures that there is a consistent paper trial that maintains value.
Revolutions in the way that we watch television, transformations in our transport systems, insurgencies in the way that we access our health information.
WiV Technology plans to offer WiV as a white-label solution to existing wine dealers and wholesalers, allowing these businesses and their clients to benefit from the fast, secure and low cost trading provided by the platform. WiV will also target producers to tokenise entire vintages of investment grade wine, greatly increasing and volume of wine assets on the platform and ensuring this wine has a digital record of its provenance from creation.
This interface allows wine merchants and wholesale partners to connect their existing wine trading systems with the WiV Platform, providing a seamless trading experience for these businesses and their clients. The API has been designed to facilitate quick and straightforward set-up for new clients, and low maintenance for existing clients.
Clients will be able to use the WiV API to query information on transactions from the WiV ledger history, submit transactions (including payments, orders, settings changes, and other types) and sign transactions securely.
To ensure that the unique asset hold the same high quality, audits are performed by a independent auditor on an regular basis.
WiV is using the blockchain to augment the way that fine wine is traded. While it is closely associated with bitcoin, blockchain technology is in the process of becoming more important than the cryptocurrency it was developed to support.