Any product intended for human consumption must be verified for safety before it can be consumed. In the era of modern mass production, we need a way to ensure that foods, beverages, medications etc. are indeed what they say they are. Alcoholic beverages are products of special interest because if improperly processed, they can contain byproducts dangerous to human health. Globally, about a quarter of alcoholic beverage sales are illegal — meaning they’re either adulterated, counterfeit, or manufactured in an unlicensed facility.
In an industry riddled with counterfeit products, Cyber Threat Intelligence Network (CTIN) seeks to revolutionize beer, wine and spirits production and sales through the use of new SPRTchip technology. Much like how Bitcoin uses a network of ledgers to act as authenticators for value, products containing alcohol can be validated by the use of blockchain technology. In the name of combating fraud, and with the added bonus of allowing people greater access to information about their consumer goods, SPRTchip is a modern answer to a global human health problem.
Contact us for more details on this initiative.