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Blockchain-Based Wine Authenticity and ICO Funding Platform Development

apriorit.com

Food & Beverage

Information technology

Challenges in Wine Industry Funding and Authenticity Verification

Traditional investment models lacked alignment with blockchain innovation goals, while existing supply chains struggled with counterfeit wine tracking. Complex requirements included securing ICO funding through tokenized wine assets, implementing dividend distribution mechanisms, and creating immutable provenance records without excessive blockchain storage costs.

About the Client

A European wine company seeking to enter the EU market with a blockchain-powered winery startup, combining traditional viticulture with decentralized finance and supply chain transparency.

Key Project Goals

Develop a dual-token ecosystem for ICO fundraising and wine-backed cryptocurrency
Implement blockchain-based bottle authenticity tracking system
Create AR-enabled consumer verification platform
Optimize smart contract architecture for cost-effective transaction validation

Core System Capabilities

Private/public ICO token smart contracts
Wine-backed cryptocurrency (wine coins) with dividend accrual
Bottle-specific NFTs storing production/distribution data
Producer-side desktop application for data entry
Consumer-facing AR mobile apps for authenticity verification
Hybrid blockchain-database architecture with cryptographic hashing

Technology Stack

Ethereum blockchain

Solidity smart contracts

Truffle development framework

Unity/Vuforia AR platform

PostgreSQL database

System Integrations

Ethereum wallet services
Cryptocurrency exchange APIs
ARKit/ARCore frameworks
Third-party wine distribution systems

Critical System Requirements

Smart contract security audits
Gas cost optimization for blockchain transactions
Cross-platform mobile compatibility
High-throughput data validation pipeline
Regulatory compliance for financial instruments

Expected Business Outcomes

Successful ICO fundraising through blockchain-backed investment instruments, enhanced consumer trust via verifiable wine provenance, reduced counterfeiting risks, and creation of a scalable model for blockchain integration in traditional industries. The AR verification system creates new customer engagement opportunities while maintaining production cost efficiency through optimized blockchain data storage.