Intelligent Wine Management App Featured with DLT and Blockchain Technology
The full article was originally published by BiiLabs on Medium. Read the full article here.
According to Zion Market Research, the global wine revenue is expected to exceed 420 billion by the end of 2023, growing at a compound annual growth rate (CAGR) of around 5.8% between 2017 and 2023. The market show tremendous potential with the lure of the wine developing its own aroma and essence over time. However, developing such unique flavor requires specific storage environmental conditions such as darkness (avoid sunlight exposure), stable and constant cool storage temperature (approximately 13°C) with a relative humidity of 70%, all year round. For wine lovers that reside in urban-city areas and their growing number of wine collections, keeping track of bottle produce time, cost, where it is stored, may all become a nuisance in the long run.
Some urban-city wine collectors get-by by storing their collections under their bed, basement, kitchen cupboard, general storage room and even in the fridge, while others choose to store their collection in dedicated wine cellar facilities. However, most cellars may have minimum storage requirements with a price that is little to non-negotiable. Other issues may arise when your collection grow and you start keeping track on a spreadsheet on what wines you own, bottle purchase price, which cellar it is stored at, etc. The self-maintained spreadsheet method has many downfalls such as data entry, manual updates and most important of all, confirmation of the entered bottle data and keeping track of a bottle’s exact location. These are time-consuming and laboring work where some of your collections may be lost forever.
Thanks to CellWine, a company that proactively promotes wine-loving culture and healthy lifestyle, would like to offer wine lovers an innovative wine cellar service. By utilizing the cellar sharing concept, CellWine consolidated multiple cellar storage spaces under the management of CellWine Butler service. This allows urban-city wine lovers the choice to store a single bottle with no contract commitment and pay as you go on a monthly basis. CellWine APP offers real time cellar statuses and has integrated third-party logistics service. With the tip of your fingers, your stored bottle of choice will be promptly delivered to you.