Imagine a vending machine that is hooked up to the blockchain and verifies the age of its customers before selling beer to them? San Francisco crypto startup, Civic teamed up with Anheuser-Busch InBev to create this blockchain beer vending machine.
The prototype of this vending machine which can query blockchain-based records to verify the customer’s age will be on display at Consensus 2018. The machine could also be easily adapted for bitcoin and other cryptocurrencies as Civic confirmed. So, visitors to the convention can stop and have a free beer from the machine to check out its ability.
Decentralized identity and KYC verification seem to be a huge market the vending machine is expected to be the beginning of what is to be expected from this market. Titus Capilnean explains, “We’ve been thinking about practical ways of bringing crypto technology to a more mainstream audience, and how can we go so so niche that it’s so easy to understand for a regular individual. Proof of age seemed like the best low-hanging fruit.
Civic demonstrates how blockchain technology will eventually enable age-restricted products to move into the production of blockchain vending machine market. Titus affirms, “It’s not limited to just beer, it could be for any kind of age-restricted product. Unmanned entrance to casinos, and then for the vending machines, we can see this going into concerts, ballgames, venues, conferences.”
Civic announced in June last year that it sold $33 million-worth of its CVC tokens to investors ahead of an initial coin offering (ICO) and currently the value of the network according to CoinMarketCap is $113 million. There is, however, one question that needs to be asked, how will the machine verify the identity if I use stolen identification?
What do you think about this beer vending machine? Share your opinion with us in the comments section below.
Image source: menshealth
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