Beginning Blockchain monitoring TruTrace Applied sciences Inc. works with Large 4 accounting agency Deloitte to trace hashish utilizing blockchain know-how.
Investing information outlet ProactiveInvestors reported TruTrace is launching its StrainSecure product in collaboration with Deloitte on four September. The system in query allegedly makes use of blockchain know-how to trace hashish from seed to sale to make sure that clients and retailers know the historical past of the product.
TruTrace CEO Robert Galarza stated the brand new system will improve the transparency of the hashish trade.
The partnership with Deloitte is alleged to assist attain a broader stakeholder base, as the corporate claims to serve 80% of Fortune International 500 corporations via its community of affiliated corporations worldwide.
Blockchain know-how for hashish provide chains
This isn’t the primary initiative centered on using decentralized ledger applied sciences within the hashish trade. As a Cointelegraph reported yesterday, the Australian listed firm Safety Issues filed a patent utility in the US for a blockchain system to soundly handle the hashish provide chain.
In June, Canadian pharmacy chain Buyers Drug Mart partnered with TruTrace to launch a pilot program for the hashish provide chain. This system follows several types of medicinal hashish and permits physicians to challenge more practical prescriptions and supply higher info for medical trials of medical marijuana.