The project is the result of the association of the American firm Deloitte and the Canadian Trutrace, which is responsible for providing all kinds of logistics solutions with this type of technology.
Blockchain to improve cannabis use
The association emerged as a form of verify the results in patients that use the plant as an alternative treatment; while, for recreational use, this technology provides maintain strain quality, ensuring the tranquility of its consumers.
According to data from the Canadian Federal Agency, since October 2018, 5.4 million Canadians have bought marijuana, among them about 600 thousand indicated that they recently tested it for the first time.
Therefore, it is important to ensure product quality and an effective way to achieve this is to track cannabis using this technology, through a product called Strainsecure.
The technology works as follows, using blockchain you can monitor cannabis, from seed to sale, in order to ensure that customers and retailers know the history of the product; which aims to bring transparency to the process.
According to Deloitte, This partnership will help the product reach a wider base of interested people, as it provides services to 80% of Fortune Global 500 companies through its network of member firms worldwide.
Canada advocates quality and safety
Also that provides that this technology helps the Canadian government to ensure that cannabis crops grow legally, that appropriate taxes are collected and that black market sales are blocked, and above all, that consumers know the exact origin of the plant they consume.
It is worth mentioning that this is not the first initiative of this kind, as the Australian firm Security Matters it intends to patent in the United States, a blockchain system to safely manage the cannabis supply chain, according to the newspaper Cointelegraph.
For its part, the Canadian pharmacy chain DrugMart Shoppers teamed up with TruTrace last June to launch a pilot program for the cannabis supply chain.
The program will track several strains of
medical cannabis and will allow doctors to issue more effective prescriptions, at
time that will provide information for clinical trials, as part of a
effort to set standards in this nascent industry.
Said tracking system will identify the source of the strain and its genetics., in order to know its chemical components and if the patient has obtained results or not.
Technology spearhead
The pilot project will be launched next summer (winter) and will be available in the Canadian pharmacy network Shoppers DrugMart which has 1,300 stores in november 2019.
It is hoped that Shoppers DrugMart will soon be able to take advantage of similar arrangements with the US pharmacy chains CVS and Walgreens, which already sell cannabis products.
With information from Cointelegraph, Cannabis24.com, rfi and Fortune.
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