Alcoholic beverages have existed for a long time, several thousand years BC, and we can see it even in Greek mythology. Derived from the fermentation of fruits at random then to the control of whole fermentation, alcoholic beverages have gradually become part of life.
Nowadays, the industry and market of alcoholic beverage grow steadily over the years. Consumers have the high demand of alcoholic beverages as well as needing more convenience from the services that come with it. Services such as online shopping, home delivery, online payment are becoming a must have in stores. But in the alcoholic drink market, where there are legal agreements having to be complied, implementing such services is not easy, especially regard to restrict minors.
Besides that, there are too many problems existing in the current payment system, cause waste of time and money for whole ecosystem using this system, from producers, suppliers, retailers and consumers.
In addition, due to the lack of agreement between raw material suppliers and manufacturers, this has caused a supply crisis and has resulted in bad consequences for many years.
I. Aclyd Project
Jessica Contreras, Founder/CEO of Fuego Fino Inc. and The Aclyd Project, owner of the recipe and hereditary skills in the production of Tequila, having many years of experience in the alcoholic business, wishes to build a more efficient distribution system for consumers as well as to create a platform for linking parties within the ecosystem of alcoholic beverages production.
Aclyd Project aims to build a blockchain-based platform which serves for:
• The business payment processes in whole alcoholic beverages industry.
• The signing of purchase agreements between farmers and producers.
II. Aclyd Project outstanding functions
Payment system
There are two existing problems that make the payment system based on blockchain technology is actually necessary.
- The delay of traditional payment processes.
- The attempt of tech-savvy minors aiming to bypass verification system to purchase alcoholic beverages.
Founder of Aclyd Project had bad experiences with the traditional payment processes while she had to wait weeks to complete a transaction as well as pay the charge due to using checks. This can be completely eliminated when transactions are made on blockchain technology. With the ability to execute thousands of transactions per second, blockchain can help the payment process made almost instantaneously but still ensure cost effectiveness, accuracy, transparency and traceability.
Besides that, online shopping and home delivery services probably flourish and become popular, but in practice it is limited in the alcoholic beverage market. Because it is hard to control the purchase from minors via online gateway. This raises concerns that the suppliers or retailers are possible to offend the law.
But now this issue has been solved by the blockchain-based payment system. Aclyd Project will provide to each user a crypto wallet, in which user can store ACLYD token - a means of payment in Aclyd system, integrated with age verification system. To own the legit crypto wallet to online purchase system, user must pass the age verification through KYC process. Thereby, the merchants and retailers can conduct home delivery system to increase the revenue without anxiety about underage purchasers.
With the advantages of blockchain, users can confident that their token is always in safe. Additionally, Aclyd Project will enhance the level of security by adding several secure layers such as biometrics security, video and voice verification.
Smart contract
Drawing on the experience from previous supply crisis, Aclyd Project aims to create the transparent collaboration among parties based on smart contract. First of all, both parties have to accept payments in ACLYD token. They will then agree on contract terms for prices and quantities of supply, all of which are made on smart contracts. The smart contracts are stored in blockchain and every entity of ecosystem is possible to access those contracts. Therefore, each party can regulate their production to avoid the supply crisis.
III. Business model
Fuego Fino, Inc., known as a specialized supplier of alcoholic beverages, is the first incorporation implementing Aclyd system. As an importer and wholesaler, Fuego Fino, Inc. can leverage its position in the alcoholic beverage market to create the practice of using ACLYD as a payment medium, then making ACLYD become real currency in the Aclyd ecosystem.
IV. ACLYD token
ACLYD token is a ERC-20 standard token on Ethereum blockchain. ACLYD is a main means of payment in Aclyd platform as well as serving for fundraising. The token distribution and time of ICO is following:
V. MVP review
If this is first time you use this service, you have to generate the password and press Create new wallet.
If you have already had your wallet, just complete the information and login.
This is the interface of dashboard. You can choose your favorite beverages and purchase it by pressing Checkout to payment.
There are some functions such as Send, Receive, QR code.
You can see your wallet address. ETH balance, ACLYD token balance, History of transactions.
VI. Aclyd Project team
Aclyd Project social media channels
Website: https://aclyd.com/
Whitepaper: https://aclyd.com/wp-content/uploads/WP.pdf
Telegram: https://t.me/aclyd
Twitter: https://twitter.com/AclydProject
Medium: https://medium.com/aclyd
Instagram: https://www.instagram.com/aclyd.io/
LinkedIn: https://www.linkedin.com/company/the-aclyd-project/
GitHub: https://github.com/aclyd
Bitcointalk: https://bitcointalk.org/index.php?topic=4941612
Author: tuthienloc92bk
Bounty0x username: @tuthienloc
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