Home Blockchain Companies flock StrainSecure blockchain platform to track cannabis sales

Companies flock StrainSecure blockchain platform to track cannabis sales

Regarded as the game changer, several medical companies are beginning to adopt StrainSecure platform to track strains of medical cannabis and verify their authenticity.

This was revealed in an interview with the company’s CEO, Robert Galarza.

The StrainSecure platform as per reports provides testing, DNA-based validation and guarantee for patients or customers.

According to Robert, the CEO, he said the platform streamlines the admin process, lowers costs related to genetic and quality-control testing for cannabis. 

The tech however, is the first blockchain-secured platform to track intellectual property for cannabis.

With this technology, TruTrace has been able to solve many problems associated with corrupt supply chains in the medical cannabis industry. 

Robert explained that being able to focus on certain processes in productiin and the supply chain, they are able to provide data on each product consumers purchase.

By focusing on granular genetic, chemical and contaminant data, as well as motion and movement information and then merging that into a blockchain we are able to provide real-time data on each product being purchased Robert said.

Several medical companies have bought into the idea of this technology thereby subscribing to it. 

WeedMd inc and Harvest one cannabisare big believers in TruTrace’s StrainSecure technology.

WeedMD just saw 40 of its cannabis strains undergo validation as part of a pilot program.

Other medical firms involved in the pilot project verification are Aphria Inc, Aurora Cannabis Inc, The Flowr Corp, Tilray Canada Ltd, United Greeneries, and Zenabis Global.

The cryptographically encoded technology is credited to founder and chief technology officer Tommy Stephenson.

 Tommy has earlier developed enterprise software platforms for Microsoft and Mercedes Benz.

How the TruTrace blockchain tech was inspired

According to Robert, the blockchain tech came to being owing to demand and also because of the extensive background of TruTrace’s team. 

The team according to Robert are data nerds who happen to love cannabis, and understand the issues around moving this product around the world.

Robert said When blockchain came onto our radar a few years ago, we knew that it could be an incredibly powerful tool in data management. 

He said further that Combining this with the immutable recording nature of blockchain also made it attractive as a protection method for intellectual property and creating a permanent lineage for cannabis strains; thus, TruTrace was born. 

Outside WeedMd who was the first medical partner with TruTrace, the company now works with around ten major producers alongside others proposing partnership. 

Robert said although the company’s focus has been in Canada throughout year one, they are seeing some exciting momentum in South America and the US as well.


Please enter your comment!
Please enter your name here

Must Read

Staking: these are the 5 preferred cryptos for passive profits

Staking has been called in various ways, some accurate, others not so much. This has also happened with PoS,...

United Kingdom forces to block cryptocurrency advertising

The advertisements of the company Luno will be withdrawn from the United Kingdom after the resolution that obliges them to do so...

Cryptocurrencies find some relief after their crash

Cryptocurrencies find some support for a bounce after one of the toughest weeks for investors. Although last Thursday we...

China Strikes Cryptocurrencies Again, Bitcoin Slumps Again

The highest level of government in China has proposed new measures to regulate mining in the country. The proposal has been received...

Bitcoin on the Playstation? Sony’s patent finally accepted

On May 17, 2021, the publication of a patent by Sony Interactive Entertainment mentioning Bitcoin was greeted with great fanfare by the...