A medical hashish firm will roll out an app to giving purchasers an in-depth look into the origin of the product
Blockchain is revolutionising how we do enterprise. There is an intensified requirement for transparency and belief in at the moment’s provide chains. To adhere to these wants of transparency and permit full traceability, an organization in Uruguay has determined to launch the world’s first blockchain-based app to permit the monitoring of medical hashish.
Uruguay Can is a number one hashish producer that works on agro-industrial integration initiatives for medicinal and leisure hashish. The firm’s new platform is constructed on æternity, a decentralized and scalable blockchain protocol and is ready to be put into operation subsequent June and July, simply in time for the planting season.
The platform goals to doc each part of the course of of cultivation, from sprouting to the packaging of hashish. With a mix of the know-how of IoT (Internet of Things) and blockchain, every bit of this info will probably be traceable and immutable. This won’t solely heighten safety requirements in the course of of manufacturing, however it is going to additionally enhance the credibility of the ultimate product’s high quality and make it extra beneficial for export.
Uruguay was the first nation to legalise the rising, sale and consumption of marijuana in December 2013.
æternity Americas’ CEO, Pablo Coirolo, said that “The ability to trace the source and the way cannabis is produced is beneficial for both the cannabis and pharmaceutical industry as well as its consumers and end-users, who should feel more secure about the product that they are consuming.”
He added that the mechanism will enhance the hashish manufacturing course of and be sure that shopper security rules are adhered to.
Uruguay Can CEO Eduardo Blasina views this partnership as a big milestone for the hashish trade. “We are proud to be the first company in Uruguay that can guarantee the quality of our products in a transparent and verifiable way,” stated Blasina. He emphasised that the platform will permit shoppers to make knowledgeable decisions and permit for enlargement of the product portfolio.
This isn’t the first time that the blockchain know-how has been used to enhance traceability and enhance transparency in consumer-oriented industries. Recently, IBM introduced the launch of an app named “Thank my farmer” that permits customers to track their espresso beans. In an effort to encourage shoppers to make knowledgeable decisions and enhance credibility, the blockchain-based app lets customers hint the journey of their espresso beans by means of an interactive map. As increasingly companies realise the advantages of blockchain, it seems to be like we are able to lastly say that blockchain isn’t synonymous with cryptocurrency.