Blockchain And Cannabis: World’s First App Tracking Medical Cannabis To Launch Soon
The mass adoption of crypto and the underlying tech, the blockchain has been one of the main goals that the crypto industry set. In order to have mass adoption, the more use cases for the blockchain and the crypto we have, the better.
Now, it seems that a useful new use case for blockchain just popped up.
Blockchain-based app to track medical cannabis
A company in Uruguay plans to launch the very first blockchain-based app that’s designed to trace the production of medical cannabis.
UruguayCan is a medical firm that will be rolling out the app on the Aeternity (AE) blockchain offering purchases an in-depth look into the origin of the product.
The application will be tracing each part of a cannabis plant’s entire life cycle in detail – from growing up to packaging while including data points such as the following: “flowering details, irrigation methods, pod sizes, greenhouse locations, humidity, temperature, light levels, treatments and fertilization methods,” according to an explainer video produced by Aeternity.
Aeternity has been created in order to run high-speed smart contracts and decentralized applications (DApps) by moving them off-chain.
Aeternity stated the following about the issue:
“Created by blockchain development group Inmind, the platform enables complete traceability of medical cannabis from cultivation to harvest, down to packaging and distribution.,” according to their notes.
The continued and said: “This effort aims to raise security standards for international quality produce. Future developments plan to tap on the advanced features of æternity technology such as Oracles and State Channels.”
Check out more notes on the original post.
Also, make sure to watch the video above.
Speaking of weed, about a year ago, it was also revealed that Greek billionaire Alki David just launched a new crypto asset.
The digital asset is called SWX Coin that is designed to be pegged to the global price of hemp.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.