The alcoholic beverage market is one that is growing exponentially every day and this is because it has been integrated into the way of life of many people in the society especially since it has served as a kind of traditional drink in several places e.g. night clubs visited by many youths which cannot go out of fashion and bars where the middle aged and older people go to for relaxation with alcoholic drinks as their companions mostly. Because of its increased acceptances by masses, the turn out in form of revenue from this market is rated in several billions of dollars.

However as lucrative and mouth watering as this market appears because of the huge revenue income, it is facing some serious draw backs such as mass drinking and purchase of alcoholic drinks by minors which is rampant among teenagers and youths who are pressurized by the need to belong, very slow transactions and payment processes that is not only tiring but also old fashioned compared to recent technologies, and also the absence of transparency for sales and payments made which if not rectified as soon as possible will not only affect sales but also lead to massive loss of funds.

There is therefore a need for this market to be examined properly with methods to solve these problems be created and this is exactly what the Acyld platform intends to do through a blockchain enabled ecosystem where underage drinking is restricted, payments occur faster and securely and all transactions are made entirely transparent through recording in an entirely decentralized space where maximum security is guaranteed

What is the ACYLD PLATFORM?
This is a blockchain enabled platform designed with the aim of making available top class identity verification and processing system that is targeted at the alcoholic beverage market with net worth of about $26 billion dollars which will solve the problem of age authentication problem in the cases of underage drinking while also simultaneously making the buying and selling of alcoholic beverages between consumers and sellers easier and worthwhile.

The ACLYD PLATFORM working Structure

The platform function with the backing of decentralization offered by the blockchain technology which will provide transparency of all transactions regarding buying and selling between consumers and sellers while also simultaneously restricting the purchase of these alcoholic beverages by underage individuals which is done through a pre installed Know Your Customer (KYC) feature, all of which is integrated smoothly into a very fast and efficient ecosystem.

After the verification of age using the KYC feature, users do not need to keep verifying their age upon every purchase made and also users get the opportunity to protect their data securely in a decentralized storage system which keeps these data safe for the users and also keeps their age and other data that they don’t want leaked away from the sellers of the alcoholic beverages.

Also for users of the platform that are sellers of these alcoholic beverages, sign up to use the Acyld platform as a medium to sell their products is relatively easy as after acquiring their products from farms and industries, they are to visit the Acyld website where they are allowed to create smart contracts which makes the listing of all products intended for sale possible with their real prices attached to the products individually.

Upon listing with the use of smart contracts, the products then becomes available to consumers who have a KYC verified account with the Acyld platform to purchase drinks that they want and upon certification, the seller delivers the products to the consumers with easier payment method through an integrated wallet that comprises of many useful tools in that area.

ACLYD BENEFITS

Helps successfully combat the problem of underage drinking as alcoholic drinks cannot be purchased randomly by individuals below the accepted drinking age.

Increased transaction speeds which creates an environment where transactions and trading are done smoothly

This platform provides a much easy payment system with standard security systems that brings the delivery of alcohol to every consumer’s doorsteps.

Token update

The token of this platform is denoted as ACYLD which is designed according to the specifications of the ERC20 and will be used by the platform as fees for payments of drinks bought as well as in rewarding users that contribute to the development of the platform. This token can be bought with the use of BTC, ETH, and LTC.
In conclusion, from the way the ACYLD platform intends to function, it is very much obvious that it is a very unique project which enormous potential as it will solve the problem of underage drinking common in the society while also advancing the alcoholic beverage market using blockchain technology.

Stay updated with the ACLYD project by visiting these LINKS;

Website : https://aclyd.com
Whitepaper: https://aclyd.com/wp-content/uploads/WP.pdf
Twitter: https://twitter.com/AclydProjects
Telegram https://t.me/aclyd
Bitcointalk: https://bitcointalk.org/index.php?topic=4941612
Medium: https://medium.com/aclyd
Instagram: https://www.instagram.com/aclyd.io/
Linkedln: https://www.linkedin.com/company/the-aclyd-project/

Authors information
Bounty0x Username => princesslogan12