Fine wines on a blockchain: why bother?

The value of the global wine market was $340billion in 2021 and forecast to grow to be worth $456billion by 2028. Whilst many of us know only too well that you can buy a cheap bottle of ‘plonk’, it is also possible to buy very expensive fine wine. Indeed, the most widely recognised and expensive bottle of wine ever bought is believed to be a 1947 French Cheval-Blanc, which sold for $304,375. Fine wines have, for a long time, been seen as an attractive alternative investment to bonds, equities and even gold, and last year was no exception with some champagnes and burgundies appreciating…