Metacask’s Trakr is a blockchain-powered inventory management and asset monitoring resolution, the first such fully integrated system for the spirits industry.
Metacask, a leading market for spirits-backed NFTs, has launched Trakr, the first blockchain-based fully resolution designed to simplify inventory management for producers and producers within the spirits industry.
Trakr’s technology is decided to design it easy for companies and producers to no longer handiest put collectively their inventory, however also tackle asset monitoring and marketing leveraging blockchain technology.
With the resolution, customers are put to receive admission to the handiest of digital documentation in an industry that prides itself on quality. Now producers and producers can notice merchandise from grain to bottle, with decentralised info of every assignment of a top rate spirit’s manufacturing – from raw materials thru refining and distribution amongst other supply chain processes.
“We’ve designed Trakr with the spirits industry in thoughts,” said Nimantha Siriwardana, co-founder and CTO of Metacask.
“It’s a probability to streamline supply chain processes, build prices, and maximize operational efficiencies. On high of that, it’s a probability to point potentialities which might most certainly most certainly be drawn to a particular bottle or cask every thing from the guidelines that the harvester gathers down to the outlandish imprint designed for the merchandise,” he added.
Hanging off conventional solutions’ ‘siloed’ means
The system will provide info traceability in accurate time, including to the general authenticity and transparency of the processes, a teach that’s elimination legacy solutions siloed means.
As a replace of decided divisions for inventory management, asset monitoring, and marketing, Trakr gives an slay-to-slay resolution that both eliminates the walled gardens and also streamlines the entire assignment.
“The improbable share is that this resolution is so versatile, any luxury goods industry can spend it to toughen transparency between stakeholders and their consumers. It’s a probability to basically revamp the means merchandise are managed from starting up as much as make, even beyond the spirits industry,” Siriwardana smartly-known.
Primarily based on Metacask, Trakr’s automation is key to compliance because it eliminates manual reporting to enable for easy monitoring of the provision chain processes.
For the technology itself, Trakr faucets into natty digital identification technology, with sources linked on-chain and via conclude to-self-discipline verbal change (NFC) chips.
Metacask launched in 2021, providing a premier market that allows customers to steal, receive and sell casks and bottles from leading spirits producers via NFTs.
On the platform, customers attain no longer perfect receive the NFTs as a digital title of deed for the features of possession and provenance – they might most certainly additionally leverage these for tag discovery.