ISBG to Disrupt $391B Beverage Industry Logistics with IoT Blockchain Solution
August 02 2018 - 9:06AM
InvestorsHub NewsWire
Las Vegas, NV -- August 02, 2018 -- InvestorsHub NewsWire --
International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG”
or the “Company”), a top-tier brand incubator in the Global Wine
& Spirits market, is excited to announce that the Company has
formally partnered with Bengala Technologies, LLC, (“Bengala”) to
complete development of a blockchain solution designed to
streamline all logistics involved in the production and
distribution of alcoholic beverages. An associated (TGE) token
generation event will accompany the project, preceded by the
release of an already-completed white paper carrying full technical
details of the project.
According to management, the two companies have been working
hand in hand for some time, and are nearing completion of a basic
version of the technology already. The core use case is an
ambitious marriage of Internet-of-Things and Blockchain distributed
ledger technology for the efficient management of supply chain
logistics.
“We pride ourselves in always trying to see beyond the horizon
and grasp the major shifts in our business context, whether at the
consumer taste level or on a macro level,” said ISBG Chairman
Alonzo Pierce. “While ISBG has worked to respond to
those changes on the consumer level through development of our
original brands, our key acquisitions, and our innovative
marketing, this new distributed ledger technology project aims to
revolutionize the b2b side of the business.”
Management notes that the complexity involved in the production
of spirits leading from farmer to retailer – including registering,
moving, tracking, selling, buying, quality control, paperwork,
importation, exportation, taxes, and inventory – is ripe for
disruption. Between its executive level and advisory board
personnel, ISBG has a cumulative experience level in each of these
facets that adds up to decades of insight. Bengala specializes in
tailored technology solutions with an expertise in decentralized or
distributed ledger technology.
The partnership between ISBG and Bengala is anticipated to
continue throughout an 8-month development process and lead to a
resource that simultaneously increases operational efficiency for
ISBG and exists as a commercially viable distributed ledger
logistics solution capable of generating significant enterprise
sales in the $391 billion Global Wine and Spirits market.
Recent research by Gartner estimates that blockchain technology
will add $3.1 trillion in business value by 2030. Another study by
Bain predicts B2B applications of IoT will generate more than $300B
annually by 2020.
“We’re thrilled that ISBG selected Bengala for this project – a
real bullseye in terms of an opportunity to apply blockchain
engineering for maximum impact in improving how people deal with a
specific problem in day-to-day operations,” said Arnaldo A. Detrés,
CEO of Bengala Technologies, LLC. “This is a forward-thinking
organization with a fresh approach to the alcohol industry, and the
project we are attacking is an exciting opportunity to
overwhelmingly disrupt the status quo in one of the most
supply-chain heavy industries in operation today.”
About ISBG: ISBG is a Nevada-based alcoholic beverage company
specializing in the development, marketing and global sales of
innovative wine and spirits brands. The Company's expertise lies in
the strategic development and aggressive early growth of its brands
and establishing these brands as viable and profitable. ISBG
intends to build its own brands while seeking out individual
acquisition candidates to continue to develop its pipeline of new
brands into the ISBG portfolio. For more information visit:
www.isbg.global
Forward Looking Statements: This press release may contain
forward-looking statements that involve risks and uncertainties.
These statements relate to future events or our future financial
performance. In some cases, you can identify forward-looking
statements by terminology including "could", "may", "will",
"should", "expect", "plan", "anticipate", "believe", "estimate",
"predict", "potential" and the negative of these terms or other
comparable terminology. While these forward-looking statements, and
any assumptions upon which they are based, are made in good faith
and reflect our current judgment regarding the direction of our
business, actual results will almost always vary, sometimes
materially, from any estimates, predictions, projections,
assumptions or other future performance suggested in this report.
Except as required by applicable law, we do not intend to update
any of the forward-looking statements so as to conform these
statements to actual results. Investors should refer to the risks
disclosed in the Company's reports filed from time to time with OTC
Markets (www.otcmarkets.com).
Contact: For Additional Investor Information: International Spirit & Beverage Group, Inc. info@isbg.global