WiV Technology will release NFT for Georgian wine producers – Bits Media

Agreement between WiV Technology and the Government of Georgia, will make available the flagship brands of Georgian wines and related non-fungible tokens (NFT) for wine producers and collectors on the WiV platform.

WiV Technology announced that it has signed an agreement with the Government of Georgia on the expansion of the global presence of Georgian wine and ensuring the quality.

As part of the agreement, local players of the Georgian winery industry will present flagship brands in the NFT segment. WIV is working to increase confidence in Georgian wines and develop a quality guarantee scheme. The warranty scheme will be based on the expert group, evaluating vintage, which will ensure the conformity of wine to the highest industry standards.

Tommy Nordam Jensen, WIV Technology co -founder, sure, that the new partnership will make Georgian wines more affordable for foreign capital:

"Wine is laid in the DNA of the Georgian people. This is a huge subject of pride of manufacturers and the whole country. This is an agreement – A great opportunity for us to help strengthen our position in the world market. By combining excellent wine with a guarantee of quality and invariable origin on the blockchain, We will introduce some of the exceptional wines of Georgia to wine merchants, collectors and enthusiasts from around the world. Besides, This will simplify wine trade and reduce costs ".

Georgian President Salome Zurabishvili emphasized, that this partnership introduces revolutionary technologies into the sphere, which is crucial for the economy of its country:

“The economy is changing. Physical assets can now be turned into a digital representation of physical assets, to trade them faster and more efficiently. This process works extremely well for wine, Because digital wine certificates, also called wine tokens, can confirm the origin of the wine. We want to be the first winery country, which will use this new approach, Bringing Georgian wine to a new standard and a new audience ".

WIV produces non -replacement tokens (NFT) для создания глобального безопасного реестра активов и торговой площадки DeFi для изысканных вин и спиртных напитков. Это помогает вести учет происхождения, Track trade liquidity, geolocation and market provision.