Blockchain Technology for Inventory Control and Theft Detection

Ever hear of a bartender “skimming” at the bar? I’ve seen it happen before. The scenario was the bartender was serving up stiff drinks and when that happens usually a bartender expects to be tipped well. Now that may be a bit overgeneralized but there is some truth in that. I paid for my drink as I went along with the tip and noticed that the bartender wasn’t putting it in the til. So you pay attention to the “transaction” and sure enough it went into the jar and not the till.
I’m sure this scenario plays out again and again. What does this mean? Well in most circles it’s called theft. It tends to be a problem in a service oriented atmosphere where minimum wage is the norm and where the servers rely on tips for their income.
So what does this have to do with Bitcoin or blockchain technology? I would believe that this technology could not only be implemented to accept payment for the beer or adult beverage of your choice, but also control the inventory and detect theft.
It’s not so easy with a straight pour is it? And this is where bar owners are getting ripped off blind I am sure and collectively I bet the skim has cost some trusting owners thousands of dollars if not run their establishment into the ground with outright theft.
Bitcoin to the rescue? Not so fast.
The technology behind Bitcoin could revolutionize total cost savings and protect businesses, owners, corporations, and shareholders from theft.
How so?
For example the Raspberry Pi Drink Mixing Robot can pour alcohol (say shot of whiskey or every component of a Long Island Iced Tea) and get the pours down to the milliliter (see Drinkmotizer http://www.element14.com/community/community/raspberry-pi/raspberrypi_projects/blog/2014/01/17/raspberry-pi-drink-mixing-robot–aka-the-drinkmotizer) so that also entails the management of the inventory. With these metrics, it is possible to capture these figures and volumes and make them a part of the blockchain.
With Bitcoin and a robot, it is possible to buy that Long Island Ice Tea, have the measurements precise, record the volumes, and create a ledger for accounting to account for that transaction and the volumes of liquor specific to that drink.
Take it a step further, with the pour of liquor or drink, specific with an ID number specific to the responsible party (the bartender), if no receipt is made, yet the pour was made, meaning there is no record of payment, a red flag could in fact be sent directly to the owner or person in charge via email or text message for example giving recourse to investigate what happened exactly. I mean it would be nice to trust everybody in this world, but this is just one tool that blockchain technology offers to protect the bar or restaurant owner, and in this regard offer accountability and inventory control, while eliminating human error, or worse, detecting theft. That’s what Bitcoin can do, that and the technology that drives it.
Take it a step further, this technology could be tied to automatic reorder of liquor or beer or wine, or mixers with min maxes established.
The only problem with this, the bartender, if they are skimming, might not know about the red flag feature that tips off the owner when there is no record of payment to match up with the inventory (used) or booze poured, or beer, and they might not know just how they got caught.
I’m sure theft happens all too often, in fact, I bet it plays out tonight in multiple towns, and I bet it plays out every single night, 365 days a year somewhere and to some unsuspecting owner, sometimes too late.
But Bitcoin and blockchain can save the day and this example proves but another reason to invest in innovation, from transaction to inventory control to theft detection….all via the blockchain.
While the Rasperry Pi has a pretty cool system with the Drinkmotizer (ok it’s far beyond pretty cool, it’s awesome) you aren’t hearing the rest of this anywhere else but at Bitcoin Macroeconomics.
And if you want to get really creative, try this:

Better yet, with the profits you get from the blockchain technology, buy a new ice machine and the 3D Printer.
www.bitcoinmacroeconomics.com

Leave a Reply

Your email address will not be published. Required fields are marked *