There is little doubt that the pandemic has delivered a shattering blow to smaller, specialist vineyards that rely on restaurants and holiday makers for the bulk of their trade. Technology offers an effective remedy however by making wine trading easier, quicker and more transparent. Prior to the pandemic, wine sales had been increasing steadily. New…
The fine wine being sold through WiV Technologies on the OpenSea platform is backed by physical assets. The wine has been produced by credible, vetted wine merchants that are approved by WiV, and we have simply tokenised (digitised) the ownership of the wine, turning it a NFT (digital collectible). FAQ What is NFT Wine? Some…
London, January 29, 2020: WiV Technology, a blockchain-based trading platform for unique assets, has linked up with OpenSea, a global online marketplace for crypto-collectibles, to offer fine wine trading to a new range of collectors. Both platforms are based on ERC721, a free, open standard that describes how to build unique, non-fungible tokens on the…
London, January 14, 2020: — WiV Technology, the blockchain-based unique asset technology, is delighted to announce the completion of the world’s first transaction of wine futures. At the start of January 2020, WiV Technology completed the world’s first transaction of a tokenised en primeur wine from the Bordeaux 2018 vintage on its blockchain. The seven cases of…
London, 4thOctober 2019; WiV Technology (WiV) has announced a partnership with Ocular Tech to use its KYC and AML/CFT compliance process. Norwegian-based unique asset company WiV Technology announces partnership with Ocular Tech “Fine wine investments are tricky to manage in view of the current diversity of blockchain and the Wine industry said Tommy Nordam Jensen,…
As WiV Technology pushes forward our vision for a secure and safe transactions of unique assets, we are incredibly excited to announce our grant approval from the Web3 Foundation. We are humbled and excited to receive support from the Web3 Foundation and look forward to collaborating with teams in the Web3 and Polkadot ecosystem. This grant…
Whether you are looking at vintage cars, antiques or fine wines there are three stages to a trade, pre-trade investigation, trade execution and post-trade clearing and settlement. WiV is seeking to make the process of selling and buying fine wine easier throughout the process.
Unlike many other markets, trading in fine wine has stayed firmly locked in the traditional ways of doing things. On the one hand, this works, it protects the wine that’s being traded ensures that there is a consistent paper trial that maintains value.
Revolutions in the way that we watch television, transformations in our transport systems, insurgencies in the way that we access our health information.
WiV is using the blockchain to augment the way that fine wine is traded. While it is closely associated with bitcoin, blockchain technology is in the process of becoming more important than the cryptocurrency it was developed to support.