Provenance matters – “There are no great old wines, only great old bottles

on March 2, 2021

A recent anecdote by Wineterminator highlights the importance of Provenance.

“Bottle variation can be a nightmare unless you are on the winning side. That is what just happened to me. All my bottles for 1982 La Fleur Petrus were ripe, smooth, and pleasing, never above WT93. But a bottle that I just bought a few years ago coming directly from the domaine was completely different last Sunday. Young, dense, powerful, spicy, meaty, but also gorgeous soft melt – WT96. This was true Petrus quality at a La Fleur Petrus price. I want more of this.”

vinID enables you to identify fine wines which have travelled the world and have been exposed to the corresponding negative effects (see here post for more details).

Provenance has two key elements: Authenticity and Transparency

vinID maximises Transparency by combining blockchain and IoT technology. Each transfer of ownership creates a new entry on the ledger and thus a unique transaction history for each bottle of wine.

History of ownership for a bottle of Granato 1988 from Foradori.

What about Authenticity? Stay tuned for upcoming posts! In the meantime, feel free to contact us or a write an email to sebastian@collectid.io to find out more about how to protect your products.

#finewine #blockchain #NFC #NFT #vinID #provenance #authenticity #transparency #authenticity #wein #wine #vin #vino #vinho #sustainability #biodynamic #consumerengagement #digitalwinecellar

About Sebastian

Sebastian is Managing Director of vinID. Sebastian holds the WSET Level 3 and is currently completing his "Weinakademiker Diploma". Prior to his engagement with fine wine Sebastian has worked in the investment bank and wealth management industry for 15 years. He holds a double diploma in European Business Studies from Oxford Brookes University and the University of Applied Sciences in Regensburg.
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