VDP – Blockchain-based Tech Meets Fine Wine

on March 21, 2022

VDP is adopting NFTs

From Meininger: “Readers of last week’s Meininger’s articles on NFTs may be interested to learn that the new technology has been adopted by the VDP, the association that brings together Germany’s most illustrious wine producers.”

Main take-aways:

  • vinID is combining NFT and NFC technology to protect wine from forgery.
  • Consumers obtain NFT details about a wine bottle by scanning with their smartphone.
  • The concept is aimed at producers
  • Cooperation with top producers may help attract interest from others
  • vinID believes it has sufficiently funds to allow it the time to build its business

Full article

Please contact us to find out more.

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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