Another issue that comes with whisky investment and trading is the long paper trail of ownership that makes it troublesome for distilleries and warehouses to identify the rightful owner and keep the records. This leads to a lack of transparency due to little publicly available market data and infrequency of transactions. Retail investors are often having to rely solely on whisky brokers for information.
This is where we see how blockchain technology can bring disruption. Non-Fungible Tokens essentially solves the problems of both ownership and accessibility. Paperwork authenticating ownership can now be replaced with smart contracts, which serve as digitised paperwork. Relative ease of access to NFT collections through blockchain technology and cryptocurrency opens the door for more types of audiences to be able to access premium whisky.
With a mission to craft a truly unique community that traverses the intersection of art, culture, spirits and technology, we dream to build a premium brand that can bring traditional luxury into Web3.