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Blockchain-Enabled Digital Certification and Fundraising Platform for Craft Producers
  1. case
  2. Blockchain-Enabled Digital Certification and Fundraising Platform for Craft Producers

Blockchain-Enabled Digital Certification and Fundraising Platform for Craft Producers

apriorit.com
Food & Beverage
Business services

Challenges in Authenticity Verification and Securing Investment for Artisanal Food Producers

Artisanal wine producers face difficulty in authenticating their products through complex supply chains, risking counterfeiting and loss of consumer trust. Additionally, securing capital for expansion is challenging via traditional investment routes; hence, innovative funding mechanisms are sought. There is a need for a transparent, secure system that ensures product provenance and facilitates blockchain-based fundraising to support business growth.

About the Client

A mid-sized artisanal craft wine producer aiming to leverage blockchain technology for brand authenticity and secure funding through a blockchain-based fundraising campaign.

Goals for Implementing a Blockchain-Based Certification and Funding System

  • Develop a secure blockchain system for tracking and verifying the origin and production details of each wine bottle.
  • Create a standalone cryptocurrency to facilitate trading of dividends and investment returns linked to wine production.
  • Design and implement smart contracts to securely store wine production data, including origin, process steps, aging, and distribution details, and connect these with an optimized database system.
  • Build user-facing applications for producers to input transaction data and for consumers to validate authenticity via augmented reality features.
  • Enable secure, transparent fundraising via a private and public token sale, raising targeted capital for winery development, with automated dividend accrual in the custom cryptocurrency.

Core Functional System Features for Blockchain-Driven Wine Certification and Crowdfunding

  • Smart contracts for private ICO tokens and a tradable wine coin cryptocurrency.
  • Smart contract for assigning and storing unique wine bottle identifiers with comprehensive metadata (origin, process timeline, aging, distribution).
  • Database integration to store full transaction records and generate hash sums for blockchain storage to optimize costs.
  • Mobile applications for data entry by producers, with input validation and transaction automation.
  • Consumer mobile app featuring augmented reality visualization of bottle details in retail settings.
  • Penetration testing and security enhancement of all smart contracts and associated systems.

Preferred Technologies and Platforms for Blockchain Wine Certification System

Ethereum blockchain for smart contract deployment
Solidity language for smart contract coding
Automated testing frameworks such as Truffle
Unity and Vuforia frameworks for augmented reality mobile applications
Relational or NoSQL database for storing detailed transaction records

External System Integrations Needed for Data Validation and User Engagement

  • Blockchain interface for smart contract interaction
  • Database systems for detailed artifact storage
  • Mobile platforms for iOS and Android apps
  • AR frameworks for enhanced consumer engagement

Performance, Security, and Scalability Specifications

  • Smart contracts must be resistant to common vulnerabilities, with comprehensive penetration testing performed.
  • System should support deployment of multiple concurrent transactions with low latency.
  • Cost optimization to minimize transaction fees on Ethereum platform.
  • Data security for sensitive production and transaction records stored off-chain.

Expected Business Benefits and Impact of the Blockchain Certification and Fundraising System

The implementation aims to enable secure, transparent provenance verification for each wine bottle, helping to build consumer trust and brand authenticity. The blockchain-enabled fundraising platform is expected to attract targeted investments, facilitating expansion without reliance on traditional financial channels. Overall, the project is projected to improve product traceability, reduce fraud, and secure capital, resulting in increased market confidence and operational growth.

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