Uruguay became this world’s first country to completely legalize cannabis production combined with sale in December 2013.
Decentralized application (DApp)-focused blockchain Aeternity will be used to track the supply chain of Montevideo-based as well as recreational cannabis producer Uruguay Can.
Aeternity announced in a press release published on Sept. twenty five that it is creating a supply archipelago management platform for the principle partner combining Internet of Features and DApps. Aeternity Americas CEO Pablo Coirolo -:
“We want to be the first to offer a business-level solution in partnership with leading advances providers and cannabis movie makers, processors and distributors. […] æternity methods is ideal for tracking the entire cannabis production process, from seed to full plant success, throughout the entire supply store, which ensures consumer safety procedures while complying with restrictions. ”
A progressive country
The first period of supply chain management implementation will take place in November and is expected to be completed in January 2020. Full implementation is planned for mid-2021.
Uruguay Can CEO Eduardo Blasina commented on the development:
“We may very well be proud to be the first establishment} in Uruguay that can ensure the quality of our products any transparent and verifiable procedure used. […] You possessed trace the source and the path cannabis is produced is helpful for both the cannabis and drug industry as well as its patrons and end users, who will need to feel more secure about the good that they are consuming. ”
As Cointelegraph reported earlier this month, also blockchain tracking startup TruTrace Technologies Inc. has partnered with “Big Four” auditing firm Deloitte to track cannabis using blockchain technology.