Share this article

Scottish University Taps Blockchain Tech to Fight Whisky Fakes

Anti-tamper bottle tags and the blockchain tracking platform from Everledger are being deployed to help tackle the trade in counterfeit whiskies.

Whisky barrels
Whisky barrels

The University of Glasgow is tapping technology from blockchain provenance startup Everledger to tackle fraud in the Scottish whisky industry.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the The Protocol Newsletter today. See all newsletters

  • An agreement announced Friday will see the Scottish Universities Environmental Research Centre (SUERC) at the Glasgow institution using Everledger's anti-tamper bottle tags and blockchain platform to track rare whiskies.
  • SUERC has been tasked with finding ways to authenticate whisky provenance by producers, retailers, auction houses and collectors.
  • The center's researchers estimate the market for vintage single-malt Scotch whiskies was valued at £57.7 million ($78 million) in 2018. SUERC believes that around 40% of all rare vintage whiskies in circulation may be fake.
  • In 2018, the center found that out of 55 bottles of rare Scotch it had tested, 21 bottles were either fake or not distilled in the year indicated on the label.
  • The researchers can tell the fake malt whisky samples from the genuine ones by removing small samples through the cork and interpreting the radiocarbon data in a laboratory.
  • "By being granted unprecedented access to samples of the world’s rarest whiskies, its researchers have created a unique radiocarbon dating curve which is now used to determine the age of all types of vintage whiskies," the university said.
  • Everledger's NFC-enabled bottle caps and blockchain network are expected to help protect stakeholders along the commercial chain from counterfeit products.
  • “One aspect of the process that has eluded us is securing a permanent digital record of a whisky’s origin and age,” said Elaine Dunbar, research scientist at SUERC. "We are therefore absolutely delighted to establish a partnership with Everledger [that] will provide a lasting seal and a digital record of the whisky and details of its radiocarbon analysis."

See also: Wave Financial Wins First Round of Investment for Whiskey Fund Ahead of Tokenization

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.

Tanzeel Akhtar