The block chain passes the hash value of the block header as the unique identifier of the block, thereby realizing the traceability of the block data; In the LWC, it is emphasized that the information of each bottle of liquor can be traced, fair and transparent, and convenient for consumers to inquire and purchase.
Blockchain technology does not require a thirdparty trust mechanism. It can use blockchain technology to establish a fair and open market mechanism. It can also serve other financial products well. The LWC requires the establishment of an open liquor trading market without the need for middlemen, and will also promote the formation of financial derivatives related to liquor trading.
Blockchain system realizes the automation and intelligent execution of contracts through intelligent contracts or “programmable currency”; There will be a large number of intelligent deliveries, transportation, transaction, and storage links in LWC, and a series of intelligent contracts are needed to ensure the automatic execution of LWC transactions.
The blockchain technology has a natural advantage in information traceability. For the liquor products on the chain, the platform can record information on the origin, region, year, and transaction of liquor, and every time the consumers buy a bottle of liquor, they can obtain all of its information through scanning the QR code. All information from the factory to the drinking process can be traced back to ensure that the information is open and transparent.
Co-sponsor of the project, project leader and finance manager
The co-sponsor of the project, and the business director of the project.
Co-sponsor of the project, and responsible for project development and operation.
Co-sponsor of the project, project principal and operating manager.
LOVC is officially listed by GBCAX.com14 June 2018
Official Launch of LOVC，the seed player in a brand new Blockchain segment