| Issue |
BIO Web Conf.
Volume 68, 2023
44th World Congress of Vine and Wine
|
|
|---|---|---|
| Article Number | 03024 | |
| Number of page(s) | 7 | |
| Section | Law | |
| DOI | https://doi.org/10.1051/bioconf/20236803024 | |
| Published online | 23 November 2023 | |
Verified vintages: Leveraging blockchain to stop wine fraud
1 Justus-Liebig-University Giessen, Germany
2 Geisenheim University, Germany
3 Geisenheim University, Germany
* Corresponding author: jochenheussner@gmail.com; michael.kramer@hs-gm.de; jon.hanf@hs-gm.de
Wine fraud and counterfeiting is a problem that spans from entry level wines to cult bottles. It poses significant challenges such as impacting consumer trust and causing financial losses. The study explores potential blockchain-based applications used to prevent wine fraud. Responding to the research questions regarding how blockchain technology can help prevent wine fraud and what potential benefits and limitations may exist in this context, we performed a literature review and conducted an exploratory use case analysis of over 100 solutions. Our findings unveiled that only a few operationalized use cases exist. These are predominantly based on non-fungible tokens (NFTs), which are employed for verification of authenticity purposes. We also found that the adoption is at an early stage. While the benefits of using blockchain are promising, further research should be performed to address its potential limitations within the organizational, technical, as well as legal and regulatory realms.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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