ACLYD: LEVERAGING BLOCKCHAIN TECHNOLOGY TO SOLVE ISSUES IN THE WINES AND SPIRITS INDUSTRY

achuks (6)in #wine • 6 years ago

Decentralization, use of smart contracts, time stamping are some of the features brought by blockchain technology.
Decentralization is used to ensure users of any blockchain-based platform has control over their personal data. Smart contracts ensure all related transactions are completed efficiently with no point of failure while time stamping ensures all transactions can be tracked. The invention of blockchain technology comes with it a great revolution, transforming existing centralized systems and bringing about outstanding results, since this has been proven to be true a team of professionals aims to bring blockchain technology to the wines and spirits industry, thus solving issues associated with minors and processing of transactions. This platform is known as Aclyd.

Aclyd is a blockchain-based platform with the goal of conveying alcoholic beverages to the purchasers right in the solace of their homes. The delivery is quick and straightforward, along these lines expelling or confining minors from buying.

THE CURRENT PROBLEMS

An examination has demonstrated that in the wine and spirits industry, delivery of alcohol is termed one of the biggest sectors, along these lines contributing a considerable measure to the development of this industry. Be that as it may, yet there are basic issues which represent an enormous hindrance to the development of this industry.
Aclyd realized that amid online delivery of alcoholic beverages minors are constantly allowed access as there is no real way to distinguish or confirm them. Likewise, the costly preparing of payments which even on most occasions is time-consuming and furthermore wasteful, these are also part of the issues this present industry is battling with.
On the other hand, wholesalers, and importers also are faced with challenges such as currency conversion being high and the processing of payment is extremely slow.

Moreover, the absence of appropriate pricing framework and additionally absence of forwarding contracts has created tremendous anomalies in the supply chain of tequila and craft beer systems with the negative impact seen on small producers and Independent farmers.

WHAT ACLYD OFFERS

Aclyd means to offer a blockchain platform giving a frictionless payment handling framework which will be based on smart contracts thus creating better wines and spirits industry. With this payment handling framework being founded on blockchain and adjusted with smart contracts, related expenses and exchange times will be decreased, thus leading to increased accountability and efficient distribution of riches.

Aclyd plans to tackle the issues in the present alcohol industry by making a wallet which utilizes a KYC for enrollment along these lines limiting minors from purchasing alcohols. Aclyd also plans to execute a token which considers the simple handling of transactions among participants of the industry not taking into account their locations. Aclyd also aims to guarantee the value chain is upgraded through the utilization of the token of the platform known as ACLYD. This token can be utilized to process transactions from anyplace on the planet by parties consequently expelling payment handling delays.
Furthermore, Aclyd aims to offer independent farmers and producers the ability to make smart contracts for delivery of items, accordingly empowering them to be all around educated on pricing information.
ACLYD: A Blockchain Powered Platform
Aclyd offers a platform which is decentralized as it depends on blockchain innovation accordingly making it workable for payments to be handled quickly and productively for all platform members including importers, producers, farmers etc.
Likewise, Aclyd wallet is unique, with this wallet, Aclyd means to confine minors from purchasing alcohols. As it is known that the eventual fate of the alcohol industry is based on a door-to-door delivery system, thus in addition to Aclyd advanced wallet and DAPP (Decentralized Application) organizations will easily limit minors.

Aclyd platform likewise influences on smart contracts along these lines enabling Independent farmers as well as producers to utilize their phones to initiate a smart contract in this manner getting payments for merchandise and ventures quicker and at a decreased rate. With this smart contracts, transparency is guaranteed in the supply chain.

CONCLUSION (Aclyd Succeeds With Blockchain)

The token of the platform is a utility token known as ACLYD. ACLYD is an ERC20 standard token based on the advanced Ethereum blockchain.
ACLYD will be utilized by marketplace members independent of their location, in this manner performing transactions at a quicker rate, with expanded productivity and lower exchanges costs. With ACLYD, a worldwide marketplace will be made in light of the transparency of blockchain innovation.
The platform will guarantee no underage or minor is offered access to alcohol, there will be quick and simple payment framework and simple setup of DApp. Besides, there will be daily cast out occurring at a faster rate from anywhere in the world. By using the platform token, 10% will be saved during daily cash-out.
Aclyd expects to build a decentralized distributed alcoholic delivery platform where all related transactions will be cost effective.