Ernst & Young: Blockchain solutions for wine traceability platforms

According to Cointelegraph, May 28, Ernst & Young (EY), one of the world's four largest accounting firms, recently revealed in its official press release that it is providing a blockchain solution for a new platform that will help Asian countries. Consumers verify the quality, origin and authenticity of wines imported from Europe.

Deutschland (Source: flickr )

The platform, called Tattoo, is an e-commerce platform developed by Blockchain Wine Pte. Ltd., which used the OpsChain blockchain solution launched by Ernst & Young in the fall of 2018.

According to reports, the solution is Ernst & Young's flagship blockchain product, which enables secure and private transactions on Ethereum's public network through the use of Zero Knowledge Proof (ZKP) technology.

According to a press release issued by Ernst & Young, Tattoo is an English acronym for traceability, authenticity, transparency, trade, origin and opinions. The product development focus will be on Europe in China, Japan, Korea, Thailand and Singapore. Wine consumption market.

According to reports, the Tattoo platform is supported by the main wine cellar Roosevelt in Asia. Roosevelt Winery will use the Tattoo platform to sell wine to hotels, restaurants, cafes and consumers. The company also plans to use the smart contracts on the platform to provide customer-to-customer sales services for investment-grade wine collectors.

Ernst & Young's e-commerce solution for Tattoo solves the wine origin and quality issues of multiple entities including manufacturers, distributors, logistics providers and insurance operators, and creates a wine logistics and sales process for the entire logistics and sales process. A universalized ecosystem. The pass on the Tattoo platform can be used to “sell and sell wine, arrange tracking shipments, monitor warehousing, shipping, etc.”

The Tattoo blockchain allows members of the ecosystem to track each batch of wine and monitor and verify the authenticity of the wine by scanning the QR code. The QR code also provides data on the vineyard, the fertilizer used in the crop and the treatment. Valuable information such as history. Ernst & Young pointed out that Tattoo's solution uses ERC-721's pass standard as a model for supply chain management, order inventory and other processes.

In April of this year, Ernst & Young launched a new smart contract analyzer tool for the Ethereum network, as well as an upgraded blockchain analyzer and zero-knowledge authentication protocol.