The potential impact of Cryptocurrency on the Wine Industry Name

The potential impact of Cryptocurrency on the Wine
Industry
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Introduction
Wine industry has lagged behind technology adoption but changes are expected
once cryptocurrency would be adopted in the industry.
The process of buying and selling wine currently remains so cumbersome and
costly due to chain of processes involved.
With counterfeiting of wine products on rise, there is need to change the process
involved in handling wine products.
Cryptocurrency can be seen as a technology that promises to change the entire
industrial process

Impacts of cryptocurrency
Cryptocurrency would affect supply chain management by eliminating
middlemen from the distribution of wine products
Cryptocurrency would change buying and selling transaction processes by
introducing soft currency.
It would also help eliminate counterfeit products in the wine industry.
It would facilitate prompt feedback and response from wine consumers.