Bristol distillery to sell spirits via blockchain technologyBy Nicola Carruthers
UK-based Circumstance distillery, which opened its doors in Bristol this week, will be the ‘first’ distillery to use blockchain technology for pre-sales of its spirits.
The distillery, located in a warehouse in Whitehall, has been two years in the making. The site is thought to be the first whisky and rum distillery in Bristol since the Bristol Distilling Co was destroyed in the Blitz.
Circumstance distillery produces grain and cane spirits in a 1,800-litre hybrid still.
Head distiller Mark Scott and his team are experimenting with different grains, yeast and ageing methods to produce ‘New World’ styles of whisky and rum.
Danny Walker, co-founder of Circumstance said: “Bristol has a long distinguished history of distilling which was lost during the war. With such a legacy we are delighted to be the first in the city to distil whisky again. We want to meet history with innovation.
“Circumstance is really pushing the boundaries of modern craft spirits. We started with a blank canvas, and are exploring many different grains, yeasts, mixed fermentation and traditional and modern ageing techniques.
“We are producing grain spirits and cane spirits and everything we do is born from a desire to make tasty liquid.”
For a limited time, customers can buy digital tokens in the form of a cryptocurrency, which can be redeemed at a later time for any bottle Circumstance releases.
The first 1000 tokens will cost £30 each. The next 1000 tokens will cost £35 and the final 1000 tokens will cost £40 each. Token sales will end prior to Circumstance’s first release, which is expected to launch in the next three months.
Liam Hirt, co-founder of Circumstance, said: “Unlike other token sales this isn’t a crowd-funding exercise. This is offering people a way to get involved early and be a part of something interesting.
“It will also give people the opportunity to get to the head of the queue on our future releases; many of them will be offered to token holders before they go on general sale.”
“As the tokens are on a block chain they can also be traded or sold, which is the first of its kind in the drinks world!”
Circumstance distillery will officially launch on 5 September 2018 with token sales commencing on the following day.