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Global accounting firm Ernst & Young (Ernst & Young) Japan Japan branch of Ernst & Young (EY Japan) announced plans to launch a block chain system to track sake and fruit, and to prevent the sale of counterfeit or fake products.
According to "Nikkei Asian Review" reported that, once re-established in the region and threaten the stability of the business environment of the coronavirus, Ernst & Young Japanese SAKE block chain will be launched throughout Asia.
According to reports, the company face Hong Kong and Singapore as the main markets, which is also open to distributed ledger technology.
Ernst & Young Japan will fight against counterfeit products through the block chain
announced SAKE Blockchain is to increase the export of Japanese sake and fruit at the same time - foreign demand for alcoholic beverages grew 5.3% in 2019 to $ 223 million, and Japan's fruit exports in the past decade years tripled.
Block chain will be used to track and details of Japanese products in the supply chain, including information about production and delivery route source records.
QR codes allow consumers to access the block chain database
information on raw sake and beer will also be uploaded to the block chain.
Ernst & Young consulting partner Hideaki Kajiura said: "able to tell (sake) the story of the origin of production and will help to distinguish it from counterfeit products area."
Consumers will be able to access records by scanning a QR code printed on the bottle label and provide advice on food combination. You can use three languages (English, Chinese and Korean) to access the data.
Detailed temperature record will be saved throughout the supply chain, to ensure that products during transport and during overseas restaurants and shops have bottled are stored in optimal conditions.
Wine producers also use these records to gain insight into productivity savings and the opportunity for targeted marketing activities.
Ernst & Young building blocks using the chain in 2019 to track the wine
of the program, Ernst & Young was not the first attempt to track the use of block chain alcohol, the company provides a platform for its proprietary DLT block chain wine Sdn. Since May last year, Ernst & Young's block chain tracking authenticity, supply chain and components since last May in five European wine market in Asia.
March 19, Ernst & Young in cooperation with Microsoft and ConsenSys launched open-source platform for smart tokens contract and Baseline.
