Bono whiskey firm brands casks with blockchain tokens

The €50 million Monasterevin distillery will be the first enterprise in Ireland to use the technology to mark ownership of product

Bono is a shareholder in Jewelfield, the firm behind Monasterevin distillery

In a first for the Irish market, the €50 million whiskey distillery backed by Bono is using blockchain technology to tokenise whiskey casks, the Business Post has learned.

It is understood Monasterevin Whiskey Distillery, which is led by Paddy McKillen sr, has engaged the British Standards Institute to assist it in carrying out the work and bringing the new form of digital ownership to market.

Under this model, Monasterevin casks will be given a unique ...