Автор: editor editor

EY Japan is the Japanese branch office of the audit firm Ernst & Young (EY). The office working on creating a SAKE Blockchain platform to track the sake supply chain, as well as to bout fakement.

The head of EY Japan reported that the system initially will be launched in Hong Kong and Singapore which are open to the introduction of blockchain technology. In the future, the platform is planned to take public in the Asian market.

According to EY consultant Hideaki Kajiura, the blockchain will be used to record and track information about the origin of the goods used to make sake, as well as about the conditions of production and the further supply chain of the product up to supermarkets and restaurants.

Besides, the system will provide information about the temperatures at which the product held during transportation and at points of offtake so that consumers can be sure of better storage conditions.

With QR-code on the bottle collar customers will be able to check the ingredients of sake, information about the manufacturer, as well as get recommendations for its further holding and intake. The information will be available in English, Chinese and Korean. All information entered in the system will be useful not only for buyers but also for manufacturers themselves.

Manufacturers will be able to develop ways to improve the efficiency of their product sales and turn target marketing around by analyzing all information. However, the main aim of the SAKE Blockchain platform is to make sure the identity of alcoholic products and secure the sale from fakements. Ernst & Young used blockchain before to track the supply chain of alcoholic beverages. In May last year, the company participated in the development of the tattoo Wine platform to make the process of production and supply of wine more translucid.

The US Securities and Exchange Commission (SEC) has accused the Meta 1 Coin cryptocurrency project of conducting a fraudulent ICO and conversion $4.3 million from more than 150 investors.

The Commission appealed to the court, demanding to freeze assets of two residents of Florida, Robert Dunlap and Nicole Bowdler, as well as the assets of ex-senator in Washington David Schmidt. According to the SEC, these people sold Meta 1 Coin digital assets that are unregistered securities, which violates the provisions of Federal anti-fraud laws.

Besides, the developer deluded investors by providing them false information that Meta 1 Coin tokens were provided $1 billion art objects or $2 billion of gold. The audit firm checked the reserve’s availability.

Investors were promised a high return of up to 224,923%, without any risks and losses. According to the SEC, the defendants used funds obtained through ICQ to cover personal expenses and purchase a luxury Ferrari car worth $215,000. The scammers in two firms Pramana Capital Inc. and Peter K. Shamoun invested portions of the proceeds. In total, the scammers collected more than $4.3 from 150 investors in the US and abroad.

«We believe that the accused provided false information about Meta 1 Coin and could have said anything to extort money from people. Investors should be skeptical of such proposals where a huge profit is promised and nothing can happen to investments, » said David Peavler, Director of the SEC’s regional office.

The regulator requires civil penalties to be imposed on the organizers of the Meta 1 Coin fraudulent scheme, as well as to recover from them the entire amount of funds collected during the ICO, along with interest for the period before the court decision is made. As for the firms Pramana and Shamoun, the SEC requires that they return the money invested by representatives of Meta 1 Coin since these funds were obtained by criminal means. This month, the SEC won a court case against the Russian project Isobox in the case of unregistered token sales, obliging the startup’s founder to pay $16 million in fines and compensation for illegally obtained funds. Last month, the Agency fined actor Steven Seagal for promoting the ICO of the cryptocurrency project Bitcoiin2Gen and for hiding the fact of receiving payment.