The present invention relates to a system for managing storage-state data and ownership certification of barrels containing whiskey and other liquors that are traded by the barrel.
Generally, with liquors such as whiskey that are aged and stored in barrels, an unblended liquor is barreled at the liquor manufacturer's distillery and then aged for a specific period, after which the liquor is blended and bottled for subsequent distribution to the market. In the meantime, some manufacturers (distilleries) are selling barreled liquors by the barrel directly to collectors and liquor drinkers or selling them by the barrel to brokers who facilitate transactions between collectors/liquor drinkers and distilleries, and this business is growing on a global scale (refer to Non-patent Literature 1 and Non-patent Literature 2).
In places like Scotland, for example, transactions are carried out wherein the barrels under aging do not themselves physically move but only ownership of the barrels is transferred, with title transfers handled by paper contracts at the distilleries or warehouses where the barrels are aged and stored.
Currently, distilleries are managing their barrels primarily with ledger-based paper files or internal management systems. Also, because the ledger can be managed, edited, and viewed only at the storage facility where the barrels are stored, the end-user such as a collector or liquor drinker is unable to confirm the authenticity of the management information with the broker, and thus has no means for grasping, with certainty, whether or not human errors have been made through manual ledger entry and editing, or whether or not the data has been falsified by a malicious broker, etc.
In other words, the collector, liquor drinker, and broker have no way of knowing of clerical errors, should they occur, in the ledger managed at a distillery, and even with data accurately managed by the distillery, when the data is passed on to a broker, errors can still occur during the course of its management by the broker, or a malicious broker, etc., may falsify the data. Particularly with whiskey, etc., whose value is greatly influenced by the distillery name, brand, storage state, and years aged, inaccurate information or data falsification will cause significant economic losses to the collector or liquor drinker being the end-user.
The most egregious act that can be committed with a paper transfer contract as currently used, is fraud whereby the broker presents (through a fake contract) and sells a fake barrel ownership to the user. Under the current paper-dependent system, such egregious acts of forgery/fraud cannot be eliminated. Furthermore, paper-based management precludes real-time certification of ownership in that even if one is in possession of an authentic paper certificate, it only certifies his/her past ownership, and this inability to certify present ownership facilitates acts of fraud.
As a result, the current system limits the buying and selling of liquor barrels to transacting with trusted counterparties in the form of buying and selling from/to counterparties one has a trust relationship with, or using a limited buying/selling model through large auction houses with high credibility.
The business of buying and selling by the barrel is growing each year, with one barrel of the “Yamazaki 50 Years Old” whiskey by Suntory Spirits Limited commanding a winning bid of approx. 32.5 million yen at the Sotheby's Auction held in Hong Kong in January 2018, and therefore development of a liquor barrel trading market or marketplace that ensures reliability and security, is highly fluid, and encompasses a wide range of products, is desired.
As described above, under the conventional management method and buying/selling method the end-user has no choice but to trust the information generated manually by the distillery and broker, and since there is no way of certifying the authenticity of the information, everything relies on a “trust relationship.”
Furthermore, the manual management method using paper ledgers makes long-term storage management difficult as it involves risks of not only erroneous entry and falsification of information but also loss, theft, etc. The same goes with electronic systems built in-house.
An object of the present invention is to utilize blockchain technology, GPS, and IoT to manage ownership transfers pertaining to liquor barrels under aging, as well as various data relating to the managed status of the liquor barrels, such as temperature, humidity, and various other data on the liquor barrels that affect the taste and aroma, so as to add value to the liquor barrels as commodities, guarantee their authenticity/credibility in the global trading environment, and facilitate a healthy growth of, and stimulate, the liquor barrel trading marketplace.
To achieve the aforementioned object, a first invention under the current application for patent is a system for managing storage-state data of by-the-barrel liquor using blockchain, which is characterized by including barrels to be filled with an unblended liquor, GPS sensors and IoT sensors installed on the barrels, and a server for managing the system along with a processing program thereof, wherein the processing program:
Furthermore, to achieve the aforementioned object, a second invention under the current application for patent is a system for managing storage-state data and certifying ownership of by-the-barrel liquor using blockchain, which is characterized by including barrels to be filled with an unblended liquor, GPS sensors and IoT sensors installed on the barrels, and a server for managing the system along with a processing program thereof, wherein the processing program:
According to the system pertaining to the first invention under the present application for patent, blockchain technology as well as GPS and IoT sensors are used to detect the stored state of a barrel of whiskey, etc., in which an unblended liquor is filled and stored, thereby allowing the true information free of forgery and errors (for example, information such as which brand of liquor was filled, when, in what kind of barrel, at which distillery, of which manufacturer, etc., as well as management data such as temperature, humidity, years aged, etc.) to be detected in real time, and as a result, the broker and end-user can evaluate the unblended-liquor-filled barrel instantly and accurately with peace of mind.
By utilizing this system to obtain temperature, humidity and other data influencing the state of aging that determines the taste, aroma, flavor, etc., relating to the quality of a liquor barrel, and link the data to the liquor barrel as true information, an added value can be created which is the ability to certify that the product is in a properly aged state.
By utilizing this system to eliminate information/data falsifications and recording errors, the manufacturer and broker can impart trust and credibility to other brokers or end-users with whom they have no traditional, special relationship.
Furthermore, barrel management at the distillery is automated by utilizing GPS and IoT sensors, which allows for reduction of manual workload.
Also, according to the system pertaining to the second invention under the present application for patent, the broker and end-user can, in addition to enjoying the features provided by the first invention, obtain true ownership information (account ownership) in real time in the form of a certificate token, and this permits easy, uninterrupted transactions because, even if the company owning or storing a barrel becomes insolvent or goes bankrupt, its ownership can be certified by referencing the on-blockchain data.
Furthermore, the system pertaining to the present invention can connect manufacturers, brokers. and end-users around the world via the Internet environment so that, for example, a barrel can be transferred reliably to a different owner's name regardless of his/her nationality and with the barrel still remaining in storage at the distillery, which, as a result, allows for healthy growth and stimulation of the liquor barrel trading marketplace on a global scale.
Furthermore, when the system pertaining to the present invention is utilized, structurally the transactions of liquor barrels must be carried out within the blockchain system, which means that any buying and selling outside the blockchain can be prevented entirely. Additionally, all transactions involving certificate transfer on secondary and subsequent markets will also be carried out within the blockchain-based system, and since the present invention certifies barrel ownership using on-blockchain tokens, it becomes possible, for example, to distribute a certain amount of money every time a barrel changes hands from the manufacturer to the primary broker, secondary broker, and so on.
Embodiments of the present invention are explained in detail below. It should be noted that the embodiments explained below are exemplifications for explaining the present invention and not intended to limit the present invention to these embodiments, and various modifications can be made to the present invention to the extent that doing so does not deviate from the key points thereof.
Embodiments of the present invention as applied to the business of buying and selling whiskey barrels, are explained in detail based on
First, the whiskey manufacturer manufactures an unblended liquor according to the normal procedure, fills the unblended liquor in a barrel (1), transports the barrel to a storage warehouse, and ages it for a specified period of time. Here, the system (processing program) pertaining to the present invention issues a barrel number being a truly-random serial number unique to each barrel (2), and issues onto a blockchain an NFT linked to the barrel number (3, 4). It should be noted that the barrel number may be one defined by the manufacturer itself as a truly-random serial number based on the manufacturer's own standard.
Furthermore, an image of the barrel (ideally an image that physically displays the barrel number) captured by a user of the system is uploaded to the system as an ID photo (5), and the hash value of the image is recorded on the blockchain through the system (6). This way, the barrel number is accurately recorded to prevent discrepancy between the barrel number recorded on the certificate token and the actual barrel number, or any modification or falsification of the record.
Also, a GPS sensor and an IoT sensor, each linked to the system, are installed on the barrel to obtain location information, barrel weight, temperature, humidity, and other information to be recorded in the database at specified intervals (7, 8). Data obtained from the GPS sensor and IoT sensor are recorded on the blockchain as individual data or a hash value of the entire data (9) so that any fraudulent use or falsification of the name and location of the distillery, or state data during the aging period of the barrel, can be prevented.
The certificate token, which is treated as a certificate, is moved by the system from the manufacturer to the broker (dealer), and from the broker to a consumer, every time the barrel is sold and purchased (10, 11). Consumer F who wishes to purchase the barrel from Consumer E can do so with peace of mind because whether or not Consumer E is the true owner of the barrel can be confirmed on the blockchain layer (12, 13, 14, 15). Furthermore, the distillery location information as well as state data such as weight, temperature, and humidity can be checked at any time with respect to the barrel in question (16), which means that its managed state, beginning with the filling of the unblended liquor and throughout the aging period, can also be detected as true information.
It is shown that the distillery informs the company managing this system (1) of the basic information of each barrel, including the barrel number, unblended liquor fill date, brand, net weight, alcohol proof, and manufacturer name; however, the distillery may directly enter each of the above information in the system. The system issues certificate tokens onto the blockchain based on this information. These certificate tokens are NFTs (non-fungible tokens, tokens that cannot be replaced) in that each individual token holds uniquely different data and is thus identifiable. The NFTs issued by this system are linked to the respective barrel numbers, and these certificate tokens themselves can certify the ownership of the barrels.
The owner of a certificate token can at any time exercise his/her right and exchange the certificate token for the barrel (except that there may be a minimum aging period depending on the brand). The management company issues different certificate tokens for the different barrels, respectively, onto the blockchain (2).
In the example explained in
Thereafter, the broker sells each barrel to an individual user (or secondary broker, etc.), and upon conclusion of the applicable sales contract, the certificate token for the barrel sold is transferred to each individual (or secondary broker, etc.) to whom the barrel was sold (4). It should be noted that, structurally, this movement and ownership of certificate tokens is managed on both the system's application server and the blockchain so that a third party can confirm the applicable transaction history and ownership status at any time (5).
Transaction history of the aforementioned buying and selling of by-the-barrel ownership using the certificate token is recorded on both the application server and the blockchain so that, even if an attempt is made by the application server to falsify a record, the hash value of the falsified record does not match the hash value on the blockchain, and therefore the falsification can be detected with ease.
Furthermore, the transaction history and ownership status can be checked by a third party at any time on the blockchain, so that a party wishing to trade the certificate token can confirm the fact that the other party actually owns the barrel. Once the certificate token reaches the end-user (Consumer C) who then decides to exercise the right granted to him/her by the certificate token and make an exchange, the barrel management company can verify whether Consumer C does own the certificate token, making the confirmation easy and quick without having to fill out, generate, submit, or otherwise handle any special documents.
For each of Investor A, Investor B, Consumer C, etc., in
In
In
In the user's app, the hash values in the application database and on the application server can be verified against the hash values recorded on the blockchain (3). This hash value, which is a numeric value obtained by hashing data, has a characteristic of changing when the original unhashed data is modified, added to, falsified, etc., and therefore by verifying the hash values recorded in the application database and on the application server against the hash values on the blockchain, any falsification, deletion or other fraudulent act committed on the recorded information can be detected, allowing any third party to verify the authenticity of the information (4).
Under the present invention, blockchain is utilized to partially publish owner information relating to a given barrel so that anyone can check if the transacting party actually owns the barrel, when the barrel was filled with the unblended liquor, at which distillery, how many years it has been aged in what kind of environment, how it has come to be in the possession of the current owner, and so on.
Number | Date | Country | Kind |
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2020-150959 | Sep 2020 | JP | national |
Filing Document | Filing Date | Country | Kind |
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PCT/JP2021/019282 | 5/21/2021 | WO |