Provenance and Authentication: Ensuring the Integrity of Your Whisky Investments
If you’ve read some of our previous articles about investing in whisky, you’ll know that one of the factors that should be taken into account when purchasing a bottle is its provenance and authenticity. However, this isn’t always as straightforward as it might seem; given the long process before a whisky is bottled, it is possible that parts of it are not recorded properly, and with the rise of counterfeit products in all markets, it can be difficult to differentiate authentic bottles from fakes. This is why platforms like WhiskyGenius have incorporated the use of blockchain technology and asset-backed NFTs (Non-Fungible Tokens), ensuring the authenticity and provenance of whisky has never been more secure or transparent.
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Blockchain and Whisky? How They've Converged and Why It Makes Perfect Sense
Whisky and blockchain are two very different things that, interestingly, have powerful synergies that add value to the whisky industry. While whisky is hailed for its tradition, craftsmanship, and long-term investment potential, blockchain represents the forefront of transparency, security, and decentralisation. Although vastly different in concept, the use of blockchain in the whisky market makes perfect sense. Let’s explore how and why blockchain and whisky have come together, and what this union means for investors, collectors, and enthusiasts.
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