A blockchain-based data marketplace, Measure Protocol, and a cannabis-oriented survey rewards app, Broccoli, will jointly establish a research community for cannabis users.
According to a Nov. 12 press release, the companies will use the new community to survey consumers, collect data and make reports dedicated to cannabis use and the industry. In doing so, the parties intend to discuss the benefits of cannabis, debunk or prove myths surrounding it, and make the collected information available to the public.
Phillip Olla, co-CEO of Audacia Bioscience, the company that stands behind Broccoli, said that blockchain technology will enable the firms to collect data about cannabis use in a transparent and credible manner, which will help bring cannabis into the mainstream.
Blockchain implementation in the cannabis industry
Other cannabis industry stakeholders have been applying blockchain to different aspects of their business. In late September, decentralized application-focused blockchain Aeternity revealed that it will use blockchain to track the supply chain of Montevideo-based medical and recreational cannabis producer Uruguay Can.
Blockchain tracking startup TruTrace Technologies Inc. partnered with Big Four auditing firm Deloitte to track cannabis using blockchain technology. The system is set to employ the technology to track the plant from seed to sale, in order to guarantee that customers and retailers know the history of the product.
Also, Australian Securities Exchange-listed firm Security Matters filed a patent application in the United States for a blockchain system to securely manage the cannabis supply chain. The proposed system could be applied to mark, track and manage the supply chain for cannabis plants, products and cannabis-derived ingredients.
A blockchain-based knowledge marketplace, live Protocol, and a cannabis-oriented survey rewards app, Broccoli, canconjointly establish a quest community for cannabis users.
According to a Nov. 12 press unharness, the businesses can use the new community to survey shoppers, collect knowledge and build reports dedicated to cannabis use and also the business. In doing therefore, the parties will discuss the advantages of cannabis, poke fun or prove myths close it, and build the collected data obtainable to the general public.
Phillip ola, co-CEO of Audacia natural science, the corporate that stands behind Broccoli, aforementioned that blockchain technology can alter the companies to gather knowledge concerning cannabis use in a very clear and credible manner, which can facilitate bring cannabis into the thought.
Different cannabis industry partners have been applying blockchain to various parts of their business. In late September, decentralized application-centered blockchain Aeternity revealed that it will utilize blockchain to follow the supply chain of Montevideo-based therapeutic and recreational cannabis maker Uruguay Can.
Blockchain following startup TruTrace Technologies Inc. partnered with Big Four evaluating firm Deloitte to follow cannabis utilizing blockchain innovation. The framework is set to utilize the innovation to follow the plant from seed to deal, so as to ensure that clients and retailers know the historical backdrop of the item.
Likewise, Australian Securities Exchange-recorded firm Security Matters filed a patent application in the United States for a blockchain framework to safely deal with the cannabis production network. The proposed framework could be applied to stamp, follow and deal with the inventory network for cannabis plants, items and cannabis-determined fixings.