ACLYD PROJECT: A BLOCKCHAIN SOLUTION TO THE CHALLENGES OF THE WINES AND SPIRITS INDUSTRY
INTRODUCTION
One of the biggest sectors that are witnessing geometric growth in the wine and spirits world is the ability to get alcohol to end users without any intermediaries involved. Through the evolution of native digital wallet that limits juvenile drinkers from getting this service, Aclyd Project will aid in disseminating these services and adding a crypto token will accelerate payments and reduce processing costs all through the supply chain.
Aclyd Project comes up with an end-to-end alternative for making payments, undertaking transactions and sale of alcoholic drinks. The Aclyd Project (ACLYD) features a native token and a smart contract system that is deployed on the Ethereum blockchain which is ERC20 standard type.
The Aclyd Wallet is a feature of the Aclyd project that starts at the origin of capital going into sales channel, the user wallet with a view to getting one of the most rapidly developing sectors of the industry, virtual sales conducted and issued straight to buyers at their doorstep.
Such a deal has two challenges that the wallet together with a cryptocurrency token can take care of more effectively than the present systems; the wallet’s Know Your Customer component can be utilized in limiting underage users, and through the digital token used by channel associates can increase the pace of payments and reduce costs.
Aclyd Project Smart Contract comes to the wine and spirits industry to cause a revolution, an upturn that is geared towards resolving a challenge. With regards to this, The Aclyd Project will start with the tequila business where US-based sellers experience challenges when trying to buy alcohol from other manufacturers in Mexico who are in the habit of doctoring tequila prices with variations in the supply and the price of inputs.
Aclyd has spelt out the way-out for this production challenge through the use of smart contracts where US-based sellers and the Mexican manufacturers of tequila can fix the cost of offering agave through the use of ACLYD token.
WHAT THE ACLYD PROJECT IS OUT TO ACHIEVE
The aim of the Aclyd Project is to introduce a blockchain payment method into the alcohol and spirits industry which is by far more effective than the present transaction processes means.
Aclyd got the name from the Lydia kingdom which history has it as one of the first set of kingdoms to produce coins. The Agre-Coin is a security token produced solely to be used for the agricultural part of the alcohol deal.
PROBLEMS SOLVED BY ACLYD PLATFORM
The key benefit of Aclyd project is that home delivery which is the alcohol industry’s future trend has been captured and through the special design of the project's wallet, minors have been worked out of the equation while processing payment has been simplified.
Although the home delivery service is experiencing astronomical growth, it is faced with two key challenges; limiting minors and analysing transfers made online. The enormous demand for home delivery is still faced with concerns about safety. The online sakes of growth, though, remarkably high last year, is still limited by concerns that minors don’t get to access alcohol.
Again, the alcohol supply process is crappy and needs change. The virtualized nature of the transaction usually results in an ancillary issue where digital combines with a problematic supply chain that works within the paper world. This brings unnecessary delays in payment, expensive cross-border deals that come with a humongous tax on business in the alcohol industry.
One thing is sure, underage and juveniles will attempt to purchase alcohol when the virtual sale is enabled and it is the duty of the sellers to filter out such minors from their customers. The alcohol and spirits industry is, therefore, looking for means of cautioning themselves rather than await harsh regulations from the regulatory agencies. It is this major challenge that limits the alcohol industry from experiencing commendable growth and solving it, as it is crucial to the future of the industry.
Again, one other challenge facing the alcohol industry is the delay in checks of the products due to the use of physical papers to check online sales. The several regulatory agencies that sanction alcohol sales delay the transaction process by using a check system that is paper-based even when the payment has been made online.
Aclyd Project features a digital wallet that has limitations on minors and as well as tokens used all through the supply chain that will accelerate payment processing and reduce costs. The Know Your Customer feature of the platform ensures that users can only access a certain part of the applications.
CONCLUSION
The overall aim of the Aclyd Project is to create a crypto wallet that will ensure that online sale of alcohol is made possible without allowing underage buyers to partake in it. Through the use of the platform’s local token, the ACLYD, payment for products and transaction processing is swifter than before. ACLYD Project is really out to revolutionize the alcohol and spirits industry.
VISIT THE LINKS TO KNOW MORE ABOUT ACLYD
Website: https://aclyd.com
Telegram Group: https://t.me/aclyd
Twitter: https://twitter.com/AclydProject
LinkedIn: https://www.linkedin.com/company/the-aclyd-project/
Medium: https://medium.com/aclyd
Whitepaper: https://aclyd.com/wp-content/uploads/2018/08/White-Paper-2.0.pdf
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