Blockchain in Cannabis: Increasing efficiency from seed-to-sale

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Blockchain in Cannabis Increasing efficiency
from seed-to-sale

• A leading blockchain app development company

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Introduction

• The recent events caused by the COVID-19 pandemic
  have intensified the need for innovation in the
  supply chains.
• The cannabis industry is one of the most
  unregulated industries with most cases of
  counterfeit and fraud.
• Blockchain technology is making its way into the
  cannabis industry by improving the consumer's and
  suppliers trust.
• From seed-to-sale Blockchain helps trace cannabis
  products to maintain product quality and
  authenticity.

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Applications of Blockchain tech in the Cannabis
Industry

• 1. Rapid, real-time traceability
• Blockchains secure technology helps to easily
  access the specific details within the large
  amounts of stored data.
• Blockchain technology can instantly provide a
  specific products full history and provide
  provenance right from the source to the market.
• 2. Improved efficiency
• Labour remains one of the biggest capital
  consuming factors in the cannabis businesses
  irrespective of their place of operation.
• Blockchain can help streamline the
  time-consuming, reporting, and auditing that
  eventually reduce the need for staff.

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Cont

• 3. Product validation and standardization
• The cannabis supply chain has been identified
  primarily by the street name. Under Blockchain
  technology, researchers can easily identify the
  genetic and chemical profile of cannabis.
• Blockchain technology ensures that medical
  providers and retailers can ensure that they
  receive the right products. They can also verify
  the provenance, testing results, and other
  immutable information.
• 4. Compliance efficiencies
• Due to the absence of laws governing the cannabis
  space, stakeholders along the supply chain from
  grower to seller are always in danger of breaking
  laws.
• Blockchain technology can benefit organizations
  by helping them to document activities and
  paperwork in a time-stamped method.

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The future of Blockchain in the Cannabis Industry

• As many tech giants step into the cannabis
  industry, the technology is bound to grow out of
  the peoples basements and step into the market
  to ensure an efficient cannabis supply chain.
• The organizations operating in the cannabis
  industry need to ensure that the product they are
  placing in peoples hands is safe, and for this,
  they are actively integrating Blockchain in their
  cannabis supply chains.
• Cannabis businesses from breeders to retailers
  need to look ahead and understand the
  infrastructure so that Blockchain secured
  technologies can help the cannabis industry
  thrive.

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Conclusion

• In conclusion,
• The Cannabis industry struggle with a lack of
  government and financial regulations. Blockchain
  technology brings a lot of solutions f0r the
  cannabis industry.
• Blockchain serves as a universal and encrypted
  database that provides security and integrity.
• The supply chain in Blockchain is an efficient
  way of managing the authenticity and transparency
  of the enterprise.
• Blockchain is an efficient tool for monitoring
  the origin of supplies and backtracking.

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Why hire Debut Infotech?

• Debut Infotech hosts an elite team of skilled and
  experienced software developers, engineers, and
  architects. Here are a few reasons to hire us
  your app development company
• Handpicked software developers
• Transparent quotes
• Cost-effective and timely delivery
• Pro-active consulting
• Hire our blockchain app developers now

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Thanks You For more info contact us via Mail
info_at_debutinfotech.com Call 1-703-537-5009