| Abstract: |
Adelphi, Scotland’s acclaimed independent whisky bottler, has espoused the technology underpinning bitcoin to overcome fraudulent substitutions of its limited edition whisky. Counterfeit whisky is a serious issue in the industry that not only tarnishes whisky producers but also is life-threatening. In January 2016, a bootleg Jack Daniels operation killed over 30 people in Russia. In other countries, duties and taxes paid on alcohol contributes to an informal market bearing cheap and potentially harmful products. Counterfeit food and drink is a global issue that drains more than $40 billion per year from the global economy. |
