DePIN Guru
GM DePinners,
We hope that those of you who were partying at Consensus have recovered! Ready for EthCC anyone?
Do you have grape expectations when it comes to securing the value of your wine collection? (See what I did there? You have to hand it to me sometimes - only myself or a bot could come up with that kind of input). You may or may not be on the wine buzz yet but don’t fret today's amateur is destined to be the cultured connoisseur of tomorrow and for an industry valued at $333 billion last year it is worth exploring the details.
Well yes, of course it is but today let’s talk more about the industry. Wine is a pretty big deal and projected to reach a market value of USD 698.54 Billion by 2030. This tells us that it is time to add an extra layer of protection to the wine supply chain, particularly as climate change is now posing an increasing risk to the vineyards we love to drink from.
A robust supply chain is vital not only for the vineyards but the collectors and the regional economies that depend so much on the production. Let’s take a closer look at how Morpheus could help to mitigate future risks to our most loved wines.
Counterfeiting in the wine industry is a problem that is not going away. Although the French seem to have some of the strictest rules in place for the bad actors with laws governing grapes by variety, yield and production processes, they still have to tackle endless bad actors. And we know well that the hackers are always ahead of the pack when it comes to tricking consumers.
For wine collectors this is a critical issue. Fake labels and devaluing a good Pinot Noir from Burgundy could cost the collector a pretty penny. In fact a 9 litre case of this bad boy sold for nearly $180,000 in 2022. Last year Morpheus Network announced that is has partnered with SAP to combat counterfeits and deliver a groundbreaking brand protection solution within SAP S/4HANA. This blockchain-powered tool offers real-time data processing, enhanced analytics, and robust counterfeit detection, ensuring smoother, more transparent supply chain operations and safeguarding brand integrity.
Let’s not stop there. There is an element of risk management when it comes to securing your most prized bottles. Collectors often work hard to protect the quality of the wine with customized fit outs, temperature control and building the right storage cellars. Yes, Insurers already exist to provide coverage against theft, fire, and water damage, protecting your assets but blockchain can add an additional layer of protection, allowing each bottle's authenticity to be verified from vineyard to cellar. This not only enhances consumer trust but also preserves the economic value and heritage of the world’s most celebrated wines.
What do you think of when you imagine the hills of Tuscany? A Chianti Classico of course. Wine regions are not just about the wine, they drive the local economy and attract a global audiences.
Wine regions such as France's Burgundy, Spain's Ribera del Duero, California’s Napa Valley and Portugal's Douro Valley are not only cultural icons but also economic powerhouses.
There is so many stakeholders involved in the wine industry that we need all hands on deck when it comes to risk management. From insurance for producers to safeguards against counterfeiting to tracking the authenticity of sellers, the supply chain is where its at. Morpheus Network is ready to help in ensuring our most cherished wines are taken care of.
Let’s discover the value of your future wine collection and feel free to send us samples from time to time.
Cheers to the weekend!
The DePIN Guru 📌📌📌
Over 19k subscribers
