A technology solution that protects buyers of whisky casks and bottles that have previously been Tokenised

Abstract

A platform for whisky cask or bottle purchase, enabling people and / or firms to prove the actual real-world existence and verify provenance of the whisky cask or bottle, before purchasing the whisky 1a, 1b. The platform will send the requests to the Warehouse Keeper 2. The Warehouse Keeper will send a response confirmation back to the platform 3. The platform will then provide the response confirmation back to the purchasers 4a, 4b. The scope of this solution only applies to those casks and bottles that have previously been Tokenised and are being held by an HMRC approved and registered Warehouse Keeper in the UK. This solution protects future online, post Tokenisation, purchasers of whisky casks or whiskey bottles from being scammed or misled.

Description

This invention relates to the technical verification of tokenised real-world assets, specifically whisky casks and bottles. It concerns a blockchain-based platform that ensures the real-world existence and provenance of a cask before it is digitally transacted, using multi-signature smart contracts and cryptographically verifiable blockchain records. Background Purchasing whisky casks online currently relies heavily on unverified intermediaries, often leading to risks of fraud, misrepresentation, or non-existence of the asset. As whisky casks become tokenised assets, there is an urgent technical need for a secure, decentralised method to verify that each tokenised asset corresponds to a real-world cask stored under regulated conditions. Summary of Invention The invention introduces a technical system that ensures the verifiable existence and provenance of a real-world whisky cask before purchase via a blockchain token. This is achieved using: 1. A multi-signature smart contract system that requires the signature of both CannyCask and the HMRC-approved warehousekeeper before an NFT is minted. 2. A real-time verification and signing interface that confirms warehouse storage, provenance data (e.g., fill date, distillery, cask type), and custodianship. 3. Blockchain-minted NFTs that are only created upon validated dual-signature confirmation, ensuring tamper-proof trust. 4. A metadata anchoring mechanism that links the NFT to a QR-verifiable blockchain record containing the validated cask information. The system also enforces eligibility checks (e.g. platform-defined rules and non- business status) via programmatically embedded smart contract logic prior to token minting or transfer. Figures Figure 1-4 may be interpreted as describing the traditional process, however, in this amended specification, the communication steps are implemented via smart contract calls and on-chain transaction events. Figure 5 now corresponds to the full cryptographic verification loop: submission of a verification request warehousekeeper and platform co-signature NFT mint response presented via QR code / URL. This invention provides a novel technical contribution by removing the reliance on manual confirmations and introducing a trustless, secure, and transparent digital verification mechanism. Scope The solution applies to tokenised whisky casks and bottles stored under UK HMRC-approved warehouse custody, and which are represented as NFTs (non-fungible tokens) on an EVM-compatible blockchain. The invention does not apply to un-tokenised assets or purely off-chain representations.

Claims

1A system for verifying the existence and provenance of a real-world whisky cask before tokenised purchase, comprising:(a) a digital interface for submitting a verification request;(b) a multi-signature smart contract deployed on a blockchain, requiring co-signing from a platform authority and an HMRC-approved warehousekeeper;(c) a confirmation module, upon which said smart contract mints a non-fungible token (NFT) only after verification response is cryptographically confirmed by the warehousekeeper; and(d) a metadata anchoring system linking NFT data to a QR-verifiable blockchain record.Claim 2The system of claim 1, wherein the NFT minting is executed only upon receipt of a dualsignature transaction from both the platform and the HMRC-licensed custodian, providing technical assurance of physical asset verification.Claim 3A method for creating a persistent audit log on the blockchain for each whisky cask transaction, wherein each event (mint, transfer, burn) is cryptographically signed and linked to warehouse-sourced verification data.Claim 4The system of claim 1, wherein eligibility to purchase is programmatically enforced through smart contract logic that validates pre-defined regulatory or platform-specific eligibility criteria prior to NFT transfer.

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