- A joint Cardano foundation and IOG team have scheduled the Vasil upgrade for September 22.
- Cardano foundation and Georgia’s national wine agency will partner to create a Cardano-built project to track the quality of Georgian wine.
Over the weekend, a joint team of the Cardano foundation and IOG team submitted an updated proposal to the Cardano chain. The proposal suggested September 22, 2022, as the commencement date for the Vasil upgrade. The news was part of an update on the Vasil upgrade via the official IOG Twitter channel.
Vasil Update: This weekend, a joint @CardanoStiftung & IOG team successfully submitted an update proposal to the chain, setting the #Vasil upgrade in motion for 22nd September.
Thanks to all the technical community for their support over past months in getting us to here.
1/3 pic.twitter.com/I1auhX5goH
— Input Output (@InputOutputHK) September 18, 2022
Apart from a new Plutus cost model, the Vasil upgrade will include collateral outputs, reference scripts, inline datums, and node support for reference inputs. Developers can access and utilize these new functionalities on the mainnet one epoch after the upgrade (September 27). Combining these functionalities will boost Cardano’s scalability, performance, and functionality.
Cardano Foundation wants to improve Georgia’s wine reputation
Meanwhile, the Cardano foundation has announced that it will partner with Georgia’s National Wine Agency, Scantrust, and the Boluisi wine-makers association to develop a Cardano-built solution to track the quality and genuineness of Georgian wines. The four partners will contribute to establishing this solution aimed at strengthening Georgia’s reputation as a premium wine producer globally.
Cardano foundation’s vice president of engineering, Mel McCann, commented that this partnership would create a cost-effective and flexible traceable certification system to ensure authenticity and clarity for customers and wineries from harvest point to consumption point. Under the partnership terms, the Cardano foundation will support individual wineries by developing a shared, scalable and cost-effective platform for winemakers to boost their customer engagement. The foundation will launch a pilot phase of the program in the Boluisi region, which will serve the local and export markets.
The test phase will also involve harvesting up to 100,000 wine bottles this autumn and bottling them by spring 2023. These bottles will contain a particular label with a secure and unique QR code. Thus, customers can confirm the genuineness of the products and learn about their history. Using the Cardano blockchain, the National Wine Agency will create a verifiable, public record from current wine certification data, particularly for wine intended for the international market.
Hoskinson speaks about blockchain technology power at a congress
While speaking at a hearing with members of the subcommittee and congressional staffers, Cardano founder, Charles Hoskinson, spoke about blockchain technology, its history, and its universal applications. Hoskinson noted that the power of blockchain technology lies in its universality and permissionless model for innovation. He explained that his company (Input Output Global, IOG) has never had to pay a royalty, file a patent application, or acquire a license to operate its business in any part of the world, including countries as far as Ethiopia and Mongolia.
The Cardano founder also remarked that categories-based regulation segregated to the borders of specific jurisdictions and depends on centralized actors for reporting is unlikely to be effective. He suggested that the best solution to regulation issues is to decide what risks to guard against, what fundamental rights consumers should have, and how to use new tools for the greatest possible good.
Cardano’s native token, ADA, would benefit from all these positive developments on the Cardano blockchain and community. It currently trades at $0.445 and is up 2.48 percent in the last 24 hours, according to our data.
- Cardano Foundation partners with Georgia’s National Wine Agency, the Bolnisi Winemakers Association, and Scantrust to ensure the authenticity and quality of wine production.
- Charles Hoskinson gives an update on the upcoming Vasil upgrade, and confirms ‘the Vasil rocket has taken off and is in the air.’
In yet another leap in the mainstream adoption of Cardano, the Cardano Foundation has confirmed its new collaboration with the Georgian National Wine Agency. Georgia’s National Wine Agency, the Bolnisi Winemakers Association, and Scantrust will create a tracing and tracking solution on the Cardano blockchain. This will ensure the authenticity and quality of the wine coming from Georgia.
Using its tracking solution, Georgian wine consumers will be able to publicly confirm the origins and trace every point of the wine’s journey. The foundation noted;
The partnership, spearheaded by the Cardano Foundation, will support individual wineries by developing a shared, scalable platform that is cost-effective for winemakers and increases customer engagement.
Guram Avkopashvili, Founder of Bolnisi Winemakers Association has added that they expect to be exporting 12 million bottles of wine in ten years, this is an impressive growth from the current 200,000 bottles. During this growth, Cardano will play a critical role in ensuring there are public and verifiable records. For fans of Georgian wine and for the Cardano community, it’s a win-win.
The adoption of Cardano blockchain in this respect is yet another illustration of how blockchain technology can improve traditional enterprises.
Charles Hoskinson: Vasil is in the Air
In the latest update, Cardano founder Charles Hoskinson has updated the Cardano community on the latest development surrounding the Vasil upgrade expected later this week. During the weekend, the co-founder confirmed that the Hard Fork Combinator (HFC) and epoch (unit of change) were initiated marking the final and fully automated phase of the upgrade.
Rocket is in the air. HFC request summitted and accepted. Vasil upgrade is underway. See you on September 22nd, 2022 pic.twitter.com/Sjs2r0vhao
— Charles Hoskinson (@IOHK_Charles) September 17, 2022
In a video recorded later, the co-founder explained that this phase- taking about 5 days- would require no further input. He explains that at this point all they have to do is wait. The team and community only need to sit and watch the Vasil rocket take off. Hoskinson reaffirmed that the set date – 22nd September – ushers a new era for the Cardano network.
Read More: Cardano (ADA) price explosion? 5x more projects, 4x more funding ahead of Vasil
Due to technical reasons some of the features of Vasil will take effect on the 27th while others will launch immediately after the upgrade.
Different metrics show that all validators, major exchanges, and other key holders are ready for the upgrade. At this point, there is no going back, and no more tests can be done, “the rocket might explode or reach orbit” but the co-founder is fairly confident it will be a smooth transition.
Vasil is in the Air https://t.co/usNB98ZMsZ
— Charles Hoskinson (@IOHK_Charles) September 18, 2022
Investors are cautiously optimistic after Ethereum ETH price flatlined following its upgrade, but analysts still expect ADA to show strength.
The Cardano Foundation is teaming up with Georgia’s National Wine Agency and other partners to use blockchain technology in an effort to track the quality and authenticity of wine produced by the eastern European country.
The partnership, which also includes the Bolnisi Winemakers Association and Scantrust, intends to use the Cardano (ADA) blockchain to bolster Georgia’s global wine production reputation.
According to the Cardano Foundation, a pilot program that targets both export and local markets will be launched in Georgia’s Bolnisi region. The program will include as many as 100,000 bottles of wine that will have a special label with a QR code which will enable consumers to scan and verify the authenticity of the product.
Says Mel McCann, Cardano Foundation’s vice president of engineering,
“The Cardano Foundation prides itself on technical integration initiatives that foster the development of solutions for companies and systems of all kinds. This collaboration will develop a creative, cost-effective, and flexible certification and traceability system, which will provide transparency and authenticity for wineries and customers from point of harvest to point of consumption.”
The Cardano Foundation is a Swiss-based nonprofit overseeing the advancement of the Cardano blockchain.
Georgia’s National Wine Agency will also use the Cardano blockchain to create public records from existing certification data on wine slated for export.
Guram Avkopashvili, the founder of the Bolnisi Winemakers Association, says,
“Our goal is to produce and export 12 million bottles of wine in Bolnisi in 10 years. Currently, we produce a total of 200,000 bottles of wine, which we sell to the Georgian, European, US, Australian and Chinese markets. If we are to grow beyond this, we must enhance trust in our products. As such, this track-and-trace solution on Cardano is fundamental to us achieving our goal.”
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Featured Image: Shutterstock/Panuwatccn
On Thursday (September 15), Cardano Foundation announced that it will collaborate with Georgia’s National Wine Agency, the Bolnisi Winemakers Association, and Scantrust to build a Cardano-powered solution to “ensure the quality and authenticity of Georgian wine.”
Cardano Foundation is “an independent Swiss-based non-profit that oversees and supervises the advancement of Cardano.” It is the legal custodian of the Cardano brand and it collaborates with IOG and EMURGO to “ensure that Cardano is being developed and promoted as a secure, transparent, and accountable solution for positive global change.” Cardano Foundation “sets the direction for decentralized economic empowerment, working with regulators in different jurisdictions to shape blockchain legislation and commercial standards, and empowering the Cardano community to leverage the Cardano protocol to solve real-life problems.”
According to Cardano Foundation’s press release, “the four partners will develop a flexible, public track and trace solution to strengthen Georgia’s international reputation as a premium wine producer.”
The press release went on to say
“The partnership, spearheaded by the Cardano Foundation, will support individual wineries by developing a shared, scalable platform that is cost-effective for winemakers and increases customer engagement. A pilot program will be expanded in the Bolnisi region, serving both local and export markets. It will include up to 100,000 bottles of wine harvested during the Autumn 2022 period and subsequently bottled during Spring 2023. The bottles will carry a special label with a unique and secure QR code that allows consumers to check the authenticity of products and learn all about their history.
“Additionally, the National Wine Agency will use the Cardano blockchain to create public, verifiable records from existing wine certification data on wine targeted for export markets.“
Mel McCann, Vice President of Engineering, Cardano Foundation, had this to say:
“The Cardano Foundation prides itself on technical integration initiatives that foster the development of solutions for companies and systems of all kinds. This collaboration will develop a creative, cost-effective, and flexible certification and traceability system, which will provide transparency and authenticity for wineries and customers from point of harvest to point of consumption.“
Frederik Gregaard, CEO of the Cardano Foundation said:
“At the Cardano Foundation, we are focused on developing secure, transparent, and accountable solutions for positive impact. This collaboration between Bolnisi Winemakers Association, Scantrust, and the Georgian National Wine Agency is a perfect example of blockchain being used to solve a real-world problem—enhancing trust. We look forward to working with the Georgian wine industry over the coming years to showcase how the Cardano blockchain can improve traditional enterprise.“
And Guram Avkopashvili, Founder, Bolnisi Winemakers Association, stated:
“Our goal is to produce and export 12 million bottles of wine in Bolnisi in 10 years. Currently we produce a total of 200,000 bottles of wine, which we sell to the Georgian, European, US, Australian, and Chinese markets. If we are to grow beyond this we must enhance trust in our products. As such, this track and trace solution on Cardano is fundamental to us achieving our goal.“
Image Credit
Featured Image via Pixabay
The Cardano Foundation will develop a traceability system for controlling the quality of Georgian wine
The Cardano Foundation has announced a partnership with the National Wine Agency of Georgia.
Cardano’s blockchain technology will be used to make sure that the quality of Georgian wine remains consistently high.
The foundation will develop a “creative” and “cost-effective” certification and traceability system together with Swiss connected goods and packaging platform Scantrust.
A pilot program will include 100,000 bottles of wine bottled next spring in Bolnisi, a city in the Kvemo Kartli region. Consumers will be able to check its authenticity with the help of a unique QR code.
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Levan Mekhuzla, chairman of the National Wine Agency, says that Cardano’s technology makes it possible to deploy supply chain traceability at scale.
Last year, Georgia’s government also formed a collaboration with Norwegian blockchain company WiV Technology in order to mint non-fungible tokens for its wine.
The idea of eliminating wine counterfeiting with the help of blockchain is not new. Back in 2018, venture capital company Medici Ventures acquired a stake in wine-tracking company Vin-X.
As reported by U.Today, a Japanese branch of the accounting behemoth Ernst & Young.
The Cardano Foundation is creating a blockchain solution aimed at ensuring the quality and authenticity of Georgian wine.
In collaboration with Georgia’s National Wine Agency and the Bolnisi Winemakers Association and Scantrust, Cardano is set to develop a flexible, public track and trace solution to strengthen Georgia’s international reputation as a premium wine producer.
The partnership will support individual wineries by developing a shared, scalable platform that is cost-effective for winemakers and increases customer engagement.
A pilot program will be expanded in the Bolnisi region, serving both local and export markets. It will include up to 100,000 bottles of wine harvested during the Autumn 2022 period and subsequently bottled during Spring 2023.
The bottles will carry a special label with a unique and secure QR code that allows consumers to check the authenticity of products and learn all about their history.
“The Cardano Foundation prides itself on technical integration initiatives that foster the development of solutions for companies and systems of all kinds,” said Mel McCann, the foundation’s Vice President of Engineering.
“This collaboration will develop a creative, cost-effective, and flexible certification and traceability system, which will provide transparency and authenticity for wineries and customers from point of harvest to point of consumption.”
Additionally, the National Wine Agency will use the Cardano blockchain to create public, verifiable records from existing wine certification data on wine targeted for export markets.
Guram Avkopashvili, Founder, Bolnisi Winemakers Association, said the goal was to produce and export 12 million bottles of wine in Bolnisi in 10 years.
“Currently we produce a total of 200,000 bottles of wine, which we sell to the Georgian, European, US, Australian, and Chinese markets,” he explained.
“If we are to grow beyond this we must enhance trust in our products. As such, this track and trace solution on Cardano is fundamental to us achieving our goal.”
Nathan Anderson, CEO of Scantrust added: “The team at Scantrust is thrilled to work with Cardano Foundation on this exciting project. Trust and integrity are integral to both of our organizations. Adding the Scantrust secure QR code provides a reliable interface to make product information, such as the product origin and detailed supply chain information available to consumers and protects products from counterfeiting.
“This, paired with the speed and low cost of the Cardano blockchain, means that supply chain traceability with publicly verifiable data can be deployed at scale. We’re proud to be a part of the Georgian National Wine Agency journey in bringing trust and reliability to its customers”
Levan Mekhuzla, Chairman, Georgian National Wine Agency, commented: “People around the world deserve to experience Georgian wine as it is intended, a celebratory and exceptional drink that we have cultivated for over 8,000 years. For fans of exceptional wines, this partnership with the Cardano Foundation, Scantrust, and Bolnisi Winemakers Association will help assure customers of the impeccable provenance of Georgian wine.”
Meanwhile, Frederik Gregaard, CEO of the Cardano Foundation said the organisation was focused on developing secure, transparent, and accountable solutions for positive impact.
“This collaboration between Bolnisi Winemakers Association, Scantrust, and the Georgian National Wine Agency is a perfect example of blockchain being used to solve a real-world problem—enhancing trust,” he added.
“We look forward to working with the Georgian wine industry over the coming years to showcase how the Cardano blockchain can improve traditional enterprise.”