Wave Financial promotes digital whiskey sales.

US-based Wave Financial Group has partnered with Kentucky's Wilderness Trail distillery to digitize up to $20 million in bourbon production. Now, Wave Financial has acquired the proceeds of this whiskey after closing its initial funding and plans to continue on the path of whiskey digitalization.

The “2020 Kentucky Whiskey Wave Funding” launched by Wave Financial allows investors to purchase digital products related to whiskey barrel stock this year. The market share of these digital products is estimated at 4 million bottles.

According to Waves, digitization offers investors the opportunity to measure the value of the soul and realize a portion of the revenue that must be sold within three years of distilling the technology. Some bourbons can increase in price by $1,000 a barrel when distilled to $4,000 a barrel five years later.

Wave is also in talks to trade digital commodities to enable the mid-market in bourbon-based digital security. A company spokesperson told Cointelegraph that the blockchain platform that would handle digitized security has yet to be decided, but Tezos is an option offered by Tezos Partnership (XTZ) developer Vertalo is participating in the scanning.

The benefits of digitization

A Wave expert told Cointelegraph that the digital benefits of blockchain capital are that they can give investors easier access to capital investment and generate income for secondary investors. Benjamin Tsai, general manager and chief financial officer of the company, said: "Purchase volume is not enough, water is not enough, production capacity and experience."

The director also explained that the company uses traditional business management procedures for advertising digital assets and the money allows investors to invest in cryptocurrencies.

Luxury and Blockchain

The immutability of blockchain-based technology has resulted in great efficiency and can be used to ensure product accuracy and traceability.

Ailsa Bay, a well-known Scotch whiskey brand founded in 1887 and owned by the William Grant & Sons Liquor Company, launched the first blockchain-powered Scotch whiskey brand in March 2019. Scotch.

According to the report, in mid-May 2019, luxury Alyx plans to use Iota's Distribution Ledger (DLT) technology for connected devices.