Cannabis and Blockchain

11 Oct 2019

VeriDoc Global

Times are changing, where once a fear of cannabis led to serious long term jail time, now science dictates that cannabis use is not as seriously damning as led to believe. With new information changing the beliefs of citizens all over the world, the fight to legalize marijuana has now taken a turn in favor with 11 states in the US and the whole of Canada having legalized cannabis use with more countries expected to follow. The use of cannabis is now no longer a stigma that would have once alienated and disconnected people but used for medical and recreational use all over the world with varying degrees of legality, and while some can now use it recreationally without the damnation of others, the free access for those that have been suffering has been long overdue.

Along with the transition from illegal to legal, the implementation of legalized and cultivated marijuana means higher government standards with regulated policies and procedures in place to keep people safe, happy and healthy. This means a higher level of quality assurances and security measures to maintain product standards for universal and widespread use. In an article touching on new technologies currently being implemented to maintain the caliber of legalized cultivation, advanced blockchain technology is making a major impact on the growing market.

“It is essential for companies bringing emerging technology to market to find the best partners to grow with, and we are very excited about our alliance with one of the most respected names in global business. By working together to rapidly scale the adoption and implementation of our technology, we are confident that we can bring a greater level of traceability and trust in this evolving industry.”

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In an industry that seems to have nowhere to go but up, leaders are taking no chances with the future of their companies, using the most advanced revolutionary technology to safeguard their products. Tracking and traceability while one of the many benefits of blockchain isn't the only positive in a long list of powerful advantages. VeriDoc Globals blockchain technology and patented QR code implementation could be the golden goose of the industry, exceeding expectations and spearheading the evolution of legalized cannabis. The patented QR code is the embedding of a QR code on an item with a unique digital hash inside the QR code. The hash holds information that is then placed on the blockchain network for security and authentication.

The information would be accessible by downloading any standard QR code reading app on any smartphone or download the free VeriDoc Global App from the Play or App store, you then scan VeriDoc Globals QR code and received the necessary information.

The technology allows for VeriDoc Global to customize the storage of necessary information on a blockchain network and tailor permissions and access to any supplier or customer. All the information you could possibly need permanently logged to that particular product, such as CBD oil.Tracking, traceability for product location assurances with GPS time and location stamps, change of state (CoS) technology for supplier transfers and any information about the oil and features of the strain you could possibly need.

A product with a heavy reliance on many varying degrees of different uses such as medical cannabis, CBD oil can provide no room for error, the ability to provide the product continuously and consistently for all manner of people upheld with advanced and unshakable technology.

As mentioned in the article referenced above

“The info is immutable and cryptographically secure, according to TruTrace, and ensures stronger intellectual property protection as well. The system also cuts down on administrative time and expenses, while easing compliance with mandatory quality control testing.”

VeriDoc Global truly provides that certainty of an unchangeable and immutable technology, helping to maintain the industry's integrity and morals, providing the correct and advertised product. In a vastly changing world, having the ability to provide such security measures when purchasing a product that may be illegal the state over isn't just providing peace of mind for the consumer but also the supplier, having it all come down to a simple scan with no restrictions on the accessibility of information.

As times change so too must technology, to advance any industry to its full potential means the implementation of new or improved technology, and as more and more industry leaders take the leap into the future, many more will follow as VeriDoc Global continues to exceed expectations with ready, proven and available technology.

This article was written by Reneé K and first posted on Medium. You can download the free VeriDoc Global App with QR Reader and Smart Login from the Play and App store now.