Client Case Study: Spirits ownership tracking for UniCask.
Ensuring the security and trustworthiness of sensor data collected from wineries and individual casks.
The Problem: hard to track spirits' condition and ownership.
UniCask is a joint venture formed by Japan Import Systems, one of the largest spirits trading companies in Japan, with the purpose to track rare and collectible spirits. Mostly stored remotely in wineries and other professional facilities, spirits can raise a lot of questions about their actual location and status. So for the owners to be confident about the whereabouts and condition of valuable casks, a new tracking solution had to be 100% reliable.
The Solution: integrate Helio to make sure that sensor data is trustworthy.
Using blockchain technology looked like an obvious choice, so the UniCask team came to us to help add transparency and security to their existing tracking system. Together we deployed a solution based on our Helio platform, that ensures that sensor data collected from wineries and individual casks is secured and trustworthy. It is now used as part of a larger tracking mechanism used to trade shares of rare vintage spirits, backed by a transparently auditable sensor data set.
‘Taraxa’s platform is a game-changer for UniCask, never before has owned shares of rare collectible spirits been so secure and traceable, making trading truly frictionless’, Koji Kitahara of UniCask.
Thanks to Helio, each cask has now has a unique, tamper-proof identity and cryptographically guarantees the sensor data’s provenance and immutability, helping to assure spirits owners that their casks are safe and secure.
