Luxembourg Tech Company Compellio Co-Creates 1st Blockchain Vine Data Assurance Service

Luxembourg-based technology company Compellio SA announced on Monday that it has created, in collaboration with Greek wine industry consultants Ampelooeniki, the first vine data assurance service that utilises blockchain technology.

This new service is designed to enhance the transparency of processes in the wine industry and facilitate compliance with European and international regulatory provisions. 

The technological capabilities offered by Compellio's digital tools provide an unalterable "digital seal" of authenticity and ownership to any type of data and file, which remain unchanged and controllable in a transparent manner and compatible with the General Data Protection Regulation (GDPR). This new collaboration offers users the possibility, through a secure digital environment, to directly monitor viticultural issues, laboratory results as well as to analyse prices and availability of products. Of particular importance, according to Compellio, is the blockchain-enabled traceability component which makes the process of searching and locating historical data faster and easier. The authenticity of the registered data is ensured through a robust digital environment that aims to contribute to the creation of the e-Certificate and e-Label services that will enable traders and consumers to easily obtain information using their smartphone.

Denis Avrilionis, founder of Compellio, said: "We are delighted for our strategic partnership with Ampelooeniki that aims at the broader digital transformation of the wine industry using modern technologies such as blockchain, big data and Internet of Things (IoT). With this new service, we aspire to provide innovative solutions to accelerate the digital transition of businesses, strengthen the certification and traceability mechanisms, as well as safeguard consumer protection". 

Anna Gkoulioti, manager of Ampelooeniki, added: "The digital world is now a reality and we, as a company, must respond to this challenge by assisting wineries, in a first stage by facilitating access and traceability of our services, whether it is export analysis, tank monitoring or ordering oenological products, and in the future by participating in the creation of e-Label and e-Certificate services. The transition of our services to a digital environment will start immediately with a small number of clients and we hope to cover our entire clientele by the end of 2022".