Professional services provider Ernst & Young (EY)’s Japanese branch plans to launch a blockchain traceability solution for the alcoholic beverage sake, reported Nikkei.
The SAKE Blockchain will enable buyers to view provenance details of the drink and allow brewers to differentiate their product from counterfeits.
Sake is a traditional Japanese alcoholic drink made from fermented rice. Much like wine, sake has several flavors which is affected by the water used. Using blockchain’s transparency, Japanese sake producers may get a better price for their product.
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