SINGAPORE - Media OutReach - 27 November 2018 - AWC Limited, a business firmly rooted in the production of oud oil and
related products, has
announced it will attend BIMG's upcoming 4th blockchain investment summit
and deliver a keynote presentation to over 1000 invited guests.
AWC's team of experts and partners will
share details about their new inoculation patent and blockchain-powered network
that are set to respectively boost the production and traceability and trading
of the highest grade oud oil. Senior
management is expected to paint a clear picture of the company's strategic
plans and objectives for the future.
Why is Oud Oil so expensive?
Oud oil and its source Agarwood have
been used for over 3500 years in religious ceremonies, traditional rituals, local
medicine and herbal teas, and of course, exotic fragrances.
Oud is the result of an incredibly
rare natural tree "infection", a very rare tree only found in a few small areas
in China and South-East Asia.
Currently 50% of total global
production is sold to luxury perfume houses such as Versace. However the
highest-grade oud oil is reserved for medicine, with a worldwide annual demand
of 800,000 ton and growing.
With a growing market value currently
exceeding 8 Billion USD, the rare oil really earns its nickname "liquid gold".
Compared by weight, oud oil is in fact more expensive than gold.
Exclusive woodlands properties
has established exclusive partnerships and agreements with both the PRC
government and large Cambodian producer Only Oud Biotechnology Co. Ltd. to
secure highly prized woodlands, broadleaf forests and farmland designated for
agarwood agriculture and plant very high-grade agarwood seedlings.
proprietary and cutting edge bio-technology are utilized to improve the
production yield and quality of oud oil from their specially cultivated strands
of agarwood in a closely monitored and controlled environment from start to
How Will AWC Use Blockchain Tech?
AWC will be
using the latest blockchain technology to manufacture, certify and protect the
integrity of all its products. Any AWC
--produced agarwood or oud oil will be traceable and verifiable all the way back
to its point of origin up and down the supply chain as it makes its way to its
Each part of
the process will be captured and managed via permanent and decentralized blockchain
records which will stamp out any tampering, counterfeiting or illicit trading.
AWC Limited, is headed by a
very experienced senior team of industry bigwigs that include Mr. Leo Chan
(CEO), former Financial Controller of Societe Generate HK, Mr. Itamar Kummer (COO), an experienced
business developer in the Israeli market, and Mr. Chhorn Chamrong (CTO), an
industry leader in Cambodia with ties to the government.
For readers interested to learn more about AWC Limited and their
upcoming plans, you can visit their website http://www.agarwfoundation.com
or follow their official WeChat account "AWC Limited"(WeChat ID: awclimited).