SINGAPORE – Media OutReach – 27 November 2018 – AWC Limited, a company strongly rooted in the production of oud oil and
related products, has
announced that it will participate in the next 4 of BIMGth blockchain investment summit
and deliver a main presentation to over 1000 guests.
The AWC team of experts and partners will do it
share details on their new inoculation patent and on the blockchain network
which are set to increase production and traceability and trade respectively
of higher grade oud oil. Elder
management should paint a clear picture of the company strategy
plans and goals for the future.
Why is Oud oil so expensive?
Oud oil and its source have Agarwood
it has been used for over 3500 years in religious ceremonies, traditional and local rituals
medicines and herbal teas and, of course, exotic fragrances.
Oud is the result of an incredibly
rare "infection" natural tree, a very rare tree found only in some small areas
in China and in Southeast Asia.
Currently 50% of the global total
the production is sold to luxury perfume houses such as Versace. Anyway, the
High quality, high quality oil is reserved for medicine, with worldwide demand worldwide
of 800,000 tons and growing.
With a growing market value at the moment
more than 8 billion dollars, the rare oil really earns its nickname of "liquid gold".
In comparison to weight, oud oil is actually more expensive than gold.
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
or follow their official WeChat account "AWC Limited" (ID WeChat: awclimited).