WIVA by WiV Technology Merges Wine Collecting with the Blockchain
Colin Smith — May 13, 2022 — Tech
'WIVA' by WiV Technology is a blockchain-powered solution for digital and physical collectors of rare wine assets. Wiv Technology believes that its platform solves three main issues of the physical asset trading industry. These issues are those of transparency, ease of use, and range of opportunities. When looking at a physical asset, it can be difficult to determine the item's origin, its trading history, and many other metrics such as this. With WIVA, the entire asset is transparent due to the blockchain integration.
In terms of ease and opportunities, the fact that WiV Technology offers a single location for physical asset trading solutions means it is far easier for individuals in the community to collect, bid, and trade the digital twins of their physical items. The digital twins are then tied to their physical counterparts, meaning the entire trading process is made more efficient, transparent, and user-friendly.
Image Credit: WiV Technology
In terms of ease and opportunities, the fact that WiV Technology offers a single location for physical asset trading solutions means it is far easier for individuals in the community to collect, bid, and trade the digital twins of their physical items. The digital twins are then tied to their physical counterparts, meaning the entire trading process is made more efficient, transparent, and user-friendly.
Image Credit: WiV Technology
Trend Themes
1. Phygital Assets - The integration of physical and digital assets through blockchain technology creates opportunities for transparent ownership, trading and valuation.
2. NFT Marketplaces - Creating platform that allows creation, trade, and collectibility of high value digital items such as wine NFTs offers new opportunities for collectors.
3. Blockchain-powered Transparency - The use of blockchain technology to make information such as origin, trading history, and ownership of rare assets transparent unlocks opportunities for new markets.
Industry Implications
1. Wine Collecting - Blockchain technology offers wine collectors more transparent and efficient trading solutions, unlocking possibilities for higher revenue streams.
2. Digital Collectibles - Creating digital twins of physical assets and linking them through blockchain not only enables efficient trading but also offers the opportunity for new digital collectible markets.
3. Asset Trading - Using blockchain-based digital twins creates efficient and transparent opportunities for trading both physical and digital assets.
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