Blockchain has been saved
Our team of experts work with you to develop blockchain capabilities. From identifying the best use case, building MVPs and proof of concepts, to scaling up existing solutions, we have a range of offerings and assets to accelerate your use of blockchain.
Our focus areas are:
- Blockchain strategy: We leverage blockchain technology to disrupt existing business models and help you find the business value in blockchain.
- Consortium strategy: We help you develop, manage or join an industry consortium.
- Platform design: We integrate blockchain technology into existing or new business models, in collaboration with our blockchain center of excellence located in Dublin.
- Blockchain architecture: We design the most effective blockchain structure for your business.Our focus areas are:
Leveraging Blockchain for excise duties in the tobacco and alcohol industry
Excise duties are indirect taxes on the sale or use of specific products, such as alcohol, tobacco and energy products. Different from customs duties, the revenue from these excise duties goes entirely to the country in which they are paid.1 EU Member States have agreed on common EU rules to make sure that excise duties are applied in a uniform way across the Union, by imposing a requirement to apply at least a minimum rate of excise duty on a number of products, such as tobacco products. This aims at preventing trade distortions in the Single Market, while ensuring fair competition between businesses, and reducing administrative burdens for companies. Nevertheless, the applicable rates, the products in scope (to an extent), and the means through which excise duties are collected are decided on a national level.