• Overstock's investment arm funded blockchain for wine

    11 days ago - By Tech Crunch

    Of all the things to add to the blockchain, wine makes a lot of sense. Given the need for provenance for every grape and barrel, it's clear that the ancient industry could use a way to track ingredients from farm to glass. VinX , an Israeli company founded by Jacob Ner-david, is ready to give it a try.
    According to a release, the plan is to create a “token-based digital wine futures platform based on the Bordeaux futures model” that lets you track wine from end to end “at a cost bearable to the industry.”
    Investment banker Gil Picovsky joined Ner-david to build out the service.
    “I was...
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