The conceptuality of this technology known as the blockchain has metamorphosed into a brand name like the internet during its debut by rendering unlimited solutions to problems bedeviling humans. Since the advent of the blockchain technology, blockchain developers have been working round the clock in deploying the technology in solving real-life problems and the alcoholic beverage industry is not left out. The technology is been applied in health, research, big data computation, energy, the financial sector and others too numerous to mention.
Alcoholic beverages as they are known to be serves as a form of relaxation to some while some use it to ease tension. Alcoholic beverage consumption means different things to different people. One downside about the alcoholic beverages in the society is abuse, most times despite warnings clearly written that you must be above 18years of age before consuming alcohol it still finds its way into the hands of minors which results in abusive usages. Such abuses could lead to accidents and other untold scenarios. The alcohol beverage market is a very huge one with turnover running into several billions of USD. The daily consumption rates of alcoholic beverages are on the increase which makes it a huge market.
In the alcoholic beverage industry, like some other industries though, the supply chain is largely affected right from the point of purchase of raw materials and delivery of same to factories (locations) where they will be processed. This supply suffers setbacks because of delay in payment processing which is mainly paper works and getting approvals from the different cadre of personnel thus slowing down the process. There is also no proper record of transactions and this greatly affects the inventory management system. This is where the Aclyd project takes the center stage.
What is Aclyd Project All About?
This is a blockchain based project that is here to change the narrative in the alcoholic beverage industry by bringing raw material providers (farmers), brand owners and consumers together. This platform will engineer seamless transaction bearing in mind fast payment, proper inventory method through the immutable record nature of the blockchain and age restriction for minors. It has its own currency to perfect the process and put the supply chain on track for fast and efficient delivery. Its digital wallet will incorporate third party delivery sites to make sure that anyone purchasing alcohol meets the legal age through its Know Your Customer (KYC) feature.
There are measures put in place by Aclyd to tackle these issues
Introduction of Acyld wallet: With the introduction of the wallet and its Know Your Customer( KYC) feature some functionalities might not be available to certain users. Payment can be made through the wallet with ease and also can receive payment. Payment will be swift and at a lower cost using the ACLYD token. The wallet will work seamlessly with other available mobile applications to provide features that will help to certify that goods to be received is given to the right wallet owner during delivery. This is the first alcohol app for door/to-door delivery and if well utilized, it will bring value to the ecosystem.
Restriction of underage
The Aclyd platform has a mandatory KYC compliant process embedded in its wallet design. This will not permit those considered legally underaged to participated unless such conditions are met.
Faster Mode of Payment: Cryptographic currency payment system is a faster means of payment as the technology is an almost instantaneous payment method. This will fasten Payment processing time and also bring about reduction in cost thus saving money and time in the process.
Smart Contract: prior to this type, smart contracts are the exclusive preserve of the blockchain. This is an important aspect of the Aclyd project where provision is made for both the buyer and seller to set price through the use of smart contracts. As a pilot scheme on Aclyd platform, they are starting with the Agave which is an agricultural product used in the production of tequila and being purchased by a US based company for production of Tequila. With this approach, when Agave is harvested, the seller (farmer) can create a smart contract on the platform, set price while potential buyers (brand owners) will also set buying price(s). When there is an agreement, the agave can be delivered to the buyer (brand owner) and payment is made through the Aclyd token.
This process takes care of price fluctuations earlier experienced between Agave farmer and brand owners because the practice earlier was that sometimes price is manipulated due to availability of agave.
Advantages of Aclyd Platform
Minors will not be able to abuse the platform since precautionary measures have been put in place through the KYC embedded in the smart wallet thereby cutting them out.
Fast payment: Payment will be received almost instantaneously once an agreement is reach on delivery fees and price
Reduced cost: since no more bureaucratic process of authorization, cost is drastically reduced using the ACLYD token and all other sundry charges with existing process cut out.
No price fluctuation
Transparency is enshrined
The Aclyd Platform Token (ACLYD)
The Aclyd platform token is referred to as ACLYD. It’s a utitliy and Ethereum based token. It will be the driver of the ACLYD ecosystem because it will serve as the platform’s currency.
Token Sales Information
Token Ticker: ACLYD
Platform: Ethereum
Token Standard: ERC20
Rate: 1 ACYLD= $0.07
Soft Cap: $500,000 USD
Hard Cap: $10,202,500
Accepted currencies: BTC, LTC and ETH
Website: https://aclyd.com/
Whitepaper: https://aclyd.com/wp-content/uploads/WP.pdf
Author’s details
Bounty0x username: Esinfe
It's nice not just clean!
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