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 supplier’s 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 • Blockchain’ssecure technology helps to easily access the specific details within the large amounts of stored data. • Blockchain technology can instantly provide a specific product’s full history and provide provenance right from the source to the market. 2. Improved efficiency • Labourremains 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 people’s 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 people’s 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. • Thesupply 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@debutinfotech.com Call: 1-703-537-5009