Decentralized solution for the cannabis industry
Blockchain is the cannabis industry’s answer for stealing market share from the unlicensed market. While we wait for government regulators to catch up to the speeding train called cannabis innovation, consumers need protection from rogue growers and distributors. Blockchain is capable of many use cases, but it’s a perfect fit for supply chain manag
ement. Blockchain is a digital ledger that records and tracks data and physical assets from point A to B in the supply chain. The information on the blockchain is cryptographically secure and tamper-proof—which means that no one can change data once it has been entered and verified. The blockchain technology can strengthen consumer confidence in the cannabis industry by verifying product origin, compliance, seed verification, proof of ownership, cultivating and manufacturing processes, transactional information, location tracking, and supply chain paper trail.
