ISBG Announces Strong IoT Implementation in Supply Chain Features for CBD Product Line
International Spirits and Beverage Group Inc. (OTCQB:ISBG) (“ISBG” or the “Company”), a top-tier brand incubator in the Global Wine & Spirits market, is excited to announce material advances in the Company’s implementation of its Internet-of-Things (“IoT”) technology solution as it incorporates new CBD products into core operational strategy.
The company, in partnership with Bengala Technologies LLC, (“Bengala”), has been developing a groundbreaking logistics and supply chain management solution that relies heavily on a marriage between Blockchain and IoT technology to streamline and “smarten” the process of bringing new brands to market in the craft spirits industry.
According to management, that same technology is proving valuable as the company expands into the CBD marketplace with its new line of CBD products following its collaboration with a leading CBD products company.
“The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, with unique identifiers and the ability to transfer data back and forth over a network without requiring human-to-human or human-to-computer interaction,” said Arnaldo A. Detrés, CEO of Bengala Technologies, LLC. “Our technology is already sufficiently advanced to begin to have a material impact on margins upon initial implementation into ISBG’s operations, particularly as the Company begins to roll out its new line of CBD products and its coming pilot run of the new batch of Besado Tequila.”
Management believes the implementation of its new QR code (quick response code) system can be used to register initial lots of production, track and trace units, load information, dramatically improve quality control, and improve the impact of marketing spend through information efficiencies.
Mr. Detrés continued, “IoT can be custom designed and made with sensors, GPS tracking, and embedded wireless services to extend both reach and functionality within our network. QR codes are made with immutable information. When implemented in the context of CBD product management, they can be used to streamline literally every part of the chain from supplier to customer, and offer critical supplemental data to augment inventory management.”