brickWelcome Welcome to the OpenVino purple paper!
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When the wine is ready for consumption, token holders can redeem their tokens for bottles. During the redeem process, the buyer pays the shipping costs and their tokens are “burned”.
Transparency
Wineries can self-certify their wine production using OpenVino’s “BioDigital Certification”. Certifications can include multiple attestations:
Organic
Biodynamic
Provenance
Sustainability
Ethical
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BioDigital Certification enables wineries to self-certify, through a three-step process:
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The winery receives the customer’s personal information and wine valuation.
Why wine?
Wine is the IDEAL product for decentralized tokenization, transparency, and traceability. While many Real World Assets (RWA’s) are being tokenized today with web3 tools, wine has unique characteristics that match perfectly as a cryptoasset.
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