Blockchain in Cannabis: Increasing efficiency from seed-to-sale - PowerPoint PPT Presentation

About This Presentation
Title:

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

Description:

The cannabis industry is one of the most unregulated industries with most cases of counterfeit and fraud. As many tech giants step into the cannabis industry, the technology is bound to grow out of the people’s basements and step into the market to ensure an efficient cannabis supply chain. Blockchain’s secure technology helps to easily access the specific details within the large amounts of stored data. This technology can instantly provide a specific product’s full history and provide provenance right from the source to the market. Know more about Blockchain technology in cannabis industry with this presentation. You can also visit us at to know more about our services. – PowerPoint PPT presentation

Number of Views:194

less

Transcript and Presenter's Notes

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


1
Blockchain in Cannabis Increasing efficiency
from seed-to-sale
  • A leading blockchain app development company

2
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.

3
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.

4
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.

5
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.

6
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.

7
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

8
Thanks You For more info contact us via Mail
info_at_debutinfotech.com Call 1-703-537-5009
Write a Comment
User Comments (0)
About PowerShow.com