This is the official WiV Technology press release:
| London, January 14, 2020: —WiV Technology, the blockchain-based unique asset technology, is delighted to announce the completion of the world’s first transaction of wine futures. At the start of January 2020, WiV Technology completed the world’s first transaction of a tokenised en primeur wine from the Bordeaux 2018 vintage on its blockchain. The seven cases of Chateau Croix Mouton 2018, which are not yet physical, were issued with ERC-721 asset tokens (WiV_ID Token). The wine was sold by a merchant who had bought the cases en primeur during the campaign in April 2019. The buyer received seven digital tokens that establish the ownership and provenance of each case as being en primeur, from source at the chateau. A record of this transaction and the data related to it now exists on the WiV blockchain. The asset tokenholder will now be able to re-trade the wine in the marketplace as though it were physical along with its provenance record.” |
“We are very excited to finally have made the first innovative Decentralised Financial product for the wine industry using our technology. This is a big day for us, as we will truly be one of the first to issue digital certificates on physical assets”.
Tommy Nordam Jensen, WiV Technology CEO,
About WiV Technology
| WiV Technology is a blockchain-based unique asset technology designed for producers and merchants. With offices in London, Oslo, and Singapore, the WiV blockchain technology issues non-fungible tokens to create a global, secure asset register and decentralized financial marketplace for fine wine and spirits. WiV facilitates provenance record-keeping, trading liquidity, geolocation, and market assurance. Learn More About WiV Technology: Visit WiV on Website Follow WiV on Twitter Follow WiV on LinkedIn |