Is the Cannabis Industry ready for Blockchain? - TheraCann

• May 12, 2020
• By theracann
• 0 Comments

Using Blockchain to store data in a ledger or distributed database fashion can be a game changer towards providing a secured and decentralized repository for selected data, that will empower near real-time traceability and also provide accountability for all transactions. This alone will be a major benefit that will no doubt ease up the road for complex areas like banking and open tracking whether is local, federal, or global.

Industry still has challenges like actually having a wide discussion on what is of relevance to be stored in the Blockchain, to finally come to a consensus that will drive standardization, also defining the right Blockchain network to host the industry.

Our SaaS OS2 ERPc is built on open APIs and is Blockchain ready for integration, allowing the customer to select which data is relevant for them to post at the blockchain.

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http://magazine.cannabisdispensarymag.com/article/april-2020/is-cannabis-ready-for-blockchain-tracking-traceability.aspx