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Author Topic: Cannabis company in Colombia using blockchain for their crops.  (Read 2144 times)

Offline VeryWellDone

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With legislation paving the way for legalization of cannabis across the world, a Cannabis company based in Colombia is using blockchain to learn about the future of traceability in their crop (Enabling cannabis growers to trace their crop from seed to sale). Together for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.

They're working closely with Symbol from NEM and their blockchain to maximize its functionalities of rapid technological implementation, simplicity in its learning and robustness in its design and architecture. It has both dedicated enterprise chain features and all decentralization features to target the market cap too and increase it's token value moving along.

With more people getting anxiety issues during this pandemic, CBD has risen up its sales and this can be the future of blockchain technology being used.

What does it take for companies to use blockchain technology more?

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Offline Rollinginthedeep

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Re: Cannabis company in Colombia using blockchain for their crops.
« Reply #1 on: July 06, 2020, 03:52:04 PM »
This is huge, glad that NEM was able to pull this partnership off. This can bring huge potential for their token, especially if started to enter other industries and not just cannabis.

Offline VeryWellDone

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Re: Cannabis company in Colombia using blockchain for their crops.
« Reply #2 on: July 06, 2020, 03:58:11 PM »

First of all I am not sure how are they going to do the tracing thing if they are not able to do it in the real world with real resources being so handy. Let's not forget narcos, wolf, Marco Polo and more uncountable personalities who did it even when things were tighter on regulations side.

So my back question is what things they are going to put on blockchain so as to make it untraceable transaction?

I felt for a seconds that underworld might just hire some IT guys and use blockchain technology for their anonymous business. This act of cannabis company can actually give more ideas to such people around the world. Lolz.

I think their goal is being able to trace where the crop came from. From the actual seed, to the time where it's already being sold. The management platform sits on Symbol blockchain, which allows for the registration and tracking of each cannabis strain, ensuring confidence in the quality of medical and recreational cannabis and also adherence to government regulations.

Offline H2O

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Re: Cannabis company in Colombia using blockchain for their crops.
« Reply #3 on: July 07, 2020, 03:49:12 AM »
Good informations because many sectors in different countries accepting cryptocurrency as their daily purposes, business, banking, farming, travelling, agriculture, aircraft management services. Its a huge amount of achievements in cryptocurrency world.

 

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