SINGAPORE – Average
Outreach – 30
November 2018 – AWC Limited, a company strongly rooted in the production of oud oil (his nickname "liquid gold") and related products, has announced that it has witnessed the next 4 of BIMGth blockchain
investment summit and delivered a main presentation to over 1000 guests
With a growing market value at the moment
more than $ 8 billion, AWC's team of experts and partners shared the details
about their new inoculation patent and the chain block network that are set
to increase production and traceability and trade respectively
highest degree of oud oil. Direction
he had painted a clear picture of the strategic plans and objectives of the company
Currently 50% of the global total
the production is sold to luxury perfume homes. However the highest quality high quality oil
it is reserved for medicine, with an annual world demand of 800,000 tons
Exclusive properties of the woods
has established partnerships and exclusive agreements with both countries of the PRC
government and major Cambodian producer Only Oud Biotechnology Co. Ltd. a
protect precious woods, deciduous forests and agricultural land designated for
agarwood farming and planting very fine agarwood seedlings.
Proprietary and cutting-edge biotechnologies are used to improve the
production yield and quality of oud oil from their specially cultivated filaments
of agarwood in a carefully monitored and controlled environment from the beginning to the end
How will AWC use Blockchain Tech?
AWC will be
using the latest blockchain technology to produce, certify and protect the
integrity of all its products. Any AWC
– the oil of agar or oud product will be traceable and verifiable until back
at its point of origin up and down the supply chain as it makes its way to his own
Every part of
the process will be captured and managed via a permanent and decentralized blockchain
registers that will eliminate any tampering, counterfeiting or illicit trade.
AWC Limited, is directed by a
a very experienced senior team of industry bigwigs including Mr. Leo Chan
(CEO), former financial controller of Societe Generate HK, Mr. Itamar Kummer (COO), an expert
business developer in the Israeli market, and Mr. Chhorn Chamrong (CTO), a
industry leader in Cambodia with ties to the government.
For readers interested in learning more about AWC Limited and theirs
next plans, you can visit their website http://www.agarwfoundation.com.