26th April, 2021 by Owen Bellwood Irish producer Kinsale Spirit Company will offer the first whiskey cask to be auctioned as a non-fungible token. The Kinsale Spirits Company is auctioning a cask of Irish whiskey using NFT technology A non-fungible token (NFT) is a digital maker that uniquely defines an asset available for purchase. The
blockchain
Luxury conglomerates LVMH, Richemont and Prada have announced an “unprecedented collaboration”, they are joining hands on a blockchain consortium which will enable consumers to trace and authenticate their goods. The luxury sector is notoriously known to be plagued with the issue of counterfeits and knockoff products. According to research firm Frontier Economics, the global trade