To check the quality of European wines and provide consumers with authentic info about the product, Ernst & Young Launches Blockchain Platform. It goes by the name of TATTOO Wine Platform. The system is developed by Blockchain Wine Pte. Ltd. It makes use of EY’s OpsChain solution. The info about the new blockchain system comes from an official press release of EY.

According to EY, each bottle of wine will have a QR code on it. Consumers can scan the QR to know the name and location of the vineyard. It will also provide info about the fertilizers used for crops used in wine production. The new blockchain platform allows consumers and distributors to buy and sell wine. Also, TATOO supports scheduling, shipment tracking, warehousing, and delivery. In fact, it also tracks the insurance coverage for the product.

The system mostly aims at the Asian market where consumption of European wines is increasing. the blockchain platform will support over 5000 wine companies spreading across various regions. This includes Spain, Australia, New Zealand, France, Italy, South Africa, South America, and California.

A lot of important companies have been working with blockchain now. Mostly, it is for supply chain tracking. Recently, Austrian fiber maker Lenzing embraced blockchain for its production business. Also, Swiss watchmaker Vacheron Constantin will use blockchain on its luxury watches to provide product info to the buyers.