According to a press release, Medici Ventures, a subsidiary of Overstock.com, has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform
As was stated, VinX is going to develop a token-based digital wine futures platform that will allow the trade of wine futures. The developers claim that this will create a secure supply chain that assures product provenance and thus reduces fraud in the wine industry.
The exact amount of the investment was not disclosed.
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