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California cannabis grower using blockchain for tracking

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California cannabis grower using blockchain for tracking

Source: blockchain.news

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A California-based cannabis nursery has used blockchain technology and smart contracts to confirm the authenticity of the therapeutic plants they sell.

The cannabis nursery, which goes by the name of the Mendocino Clone Company, received its nickname on January 13 in a statement about a cooperation between the EMTRI project and the technology company Global Compliance Applications.

In order to issue a batch certificate for each and every clone, also known as a baby plant, it will be necessary to make use of the capabilities offered by the blockchain project. Nurseries are businesses that focus on plant genetics and produce clones, young plants, and seeds for the purpose of wholesale cannabis distribution. Nurseries may also be referred to as seed banks.

As a result of this decision, the nursery is now in a position to record the initial stages of a cannabis plant’s journey to becoming a premium product for customers based on the gram weight it blooms, the company said in a statement. Each batch of clones has its own unique batch certificate, which works like a self-generated smart contract. It does this by providing each young plant with its own “unique ID block,” which is generated by the nursery and connected to the blockchain it operates on using Ethereum.

It was noted that their clients, which include retail dispensaries and commercial farms, can use this to check the genetic history of their clones and determine if their clones are real or not. Starting the first week of February, a first round of batch certified clones will be made available to the public.

Additionally, licensed farmers who purchase Mendocino clones will gain access to EMTRI Token (EMT) rewards and higher fees for participating in the blockchain project. These benefits will be given to licensed growers who participate in the blockchain project.

In November 2022, EMT was introduced as a means of providing incentives to project participants. The tokens can be staked for more dividends or exchanged on Uniswap for US Dollar Coins (USDC).

However, the idea of ​​combining cryptocurrency with cannabis is not a new one.

Cannaland, a cannabis-oriented Metaverse project, was launched in November with the intention of developing a virtual environment that caters to cannabis users and advocates. A custom pipe manufacturer produced tokenized bongs in January 2022, and celebrities like Snoop Dogg and Santana were among the early adopters of NFTs.

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