SINGAPORE - Media
OutReach - 30
November 2018 - AWC Limited, a business firmly rooted in the production of oud oil (its nickname "liquid gold") and related products, has announced it attended BIMG's upcoming 4th blockchain
investment summit and delivered a keynote presentation to over 1000 invited
With a growing market value currently
exceeding 8 Billion USD, AWC's team of experts and partners shared 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
had painted a clear picture of the company's strategic plans and objectives for
Currently 50% of total global
production is sold to luxury perfume houses. However the highest-grade oud oil
is reserved for medicine, with a worldwide annual demand of 800,000 ton and
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.