California Cannabis Grower Adopts Blockchain To Track His Weed

[ad_1]

A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its herbal medicines.

The cannabis nursery, known as the Mendocino Clone Company, was named in a partnership announcement from Project EMTRI and technology company Global Compliance Applications on January 13.

It will leverage the projects blockchain capabilities to certify all clones, or baby plants, with a batch certificate.

Cannabis nurseries are establishments specializing in plant genetics, producing clones, seedlings and seeds for wholesale distribution.

The move allows the nursery to document the early stages of a cannabis plant’s journey to becoming a premium product for consumers based on the gram weight it flowers, he said.

Photo of a cannabis plant nursery. Source: Mendocino Clone Company

The batch certificate is a self-generated smart contract for each batch of clones. It provides each baby plant with its own unique identity block, created by the nursery and linked to its Ethereum-based blockchain.

Its customers, which include commercial farms and retail dispensaries, can use it to verify the authenticity of their clones and their genetic lineage, he added.

The first set of batch certificate clones will be available from the first week of February.

Additionally, licensed cultivators who purchase Mendocino clones will have access to EMTRI (EMT) token rewards and better rates for participating in the blockchain project.

EMT was launched in November 2022 to reward project participants. Tokens can be traded on Uniswap for USDC or staked for additional returns. EMT is not listed on any centralized crypto exchange or market data platform such as CoinGecko.

EMTRI Corp co-founder Scott Zarnes commented:

We are thrilled to be at the forefront of the cannabis industry by becoming the first in the United States to embrace this cutting-edge technology in this way,

Related: Cannabis-Focused Crypto Startup Launches NFT Community

However, combining crypto and cannabis is not a new concept.

In November, a cannabis-themed Metaverse project called Cannaland was launched to create a virtual world for cannabis lovers. In January 2022, a custom pipe maker launched token bongs with celebrities like Snoop Dogg and Santana collecting NFTs.

Projects such as PotCoin (POT) and CannabisCoin (CANN) aimed to provide industry-specific digital currency as early as 2014, but they never really gained traction.

Sources

1/ https://Google.com/

2/ https://news.google.com/__i/rss/rd/articles/CBMiX2h0dHBzOi8vY29pbnRlbGVncmFwaC5jb20vbmV3cy9jYWxpZm9ybmlhLWNhbm5hYmlzLXByb2R1Y2VyLWFkb3B0cy1ibG9ja2NoYWluLXRvLXRyYWNrLWl0cy13ZWVk0gFjaHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9uZXdzL2NhbGlmb3JuaWEtY2FubmFiaXMtcHJvZHVjZXItYWRvcHRzLWJsb2NrY2hhaW4tdG8tdHJhY2staXRzLXdlZWQvYW1w?oc=5

The mention sources can contact us to remove/changing this article

[ad_2]

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts