How can Smart Assets be truly valuable? How is the physical good verified in good quality at all moments in time?
Current solution(s)
Holding wine bought in-primer and In Bond. Companies like BBR offer these services
En Primeur = allows you to secure parcels of some of the world’s most sought-after wines before they are bottled and officially released to the open market.
In Bond = not duty or VAT. You need to pay the duty & VAT when receiving your wine outside of bonding
Proposed solution(s)
Asset conditions need to be in-sync + updating blockchain regularly. For example, if it’s wine, then the temperature, humidity, vibration, weight needs to be updating the “health” of the wine as a score attached to the smart asset.
Additional Comments
Case Studies
Frequency (1 - 5)
5
Impact Size (1 - 5)
5
Intensity (1 - 5)
1
Next Steps
Nothing atm
Top Risks / Pass Reason
This question will be asked often by customers and investors. Need to understand and look into it