TheraCann Uses Blockchain for Supply Chain Management of Cannabis

Panamanian company TheraCann, a leading full service cannabis consultancy and technology firm use  a blockchain platform for registration and tracking intellectual property for the cannabis industry.“The biotrace system provides seed-to-sale traceability for cannabis and hemp and uses Applied DNA’s unique, safe and persistent molecular tag for the identification of any biomass, extraction, isolate, derivative or cannabis packaging,” said CEO Jason Warnock in a release. Connecting DNA tags to the blockchain is one of the interesting ways to track almost any type of consumable – from food to candy to ganja – from farm to bowl. Interestingly, the system also protects a farmer’s intellectual property by ensuring genomes are traced. 

The company has been working to ensure that the weed or oil you take in is legal and traceable and they have a number of products that shows how weed travels via live maps. To that end they have added these DNA tags to TruTrace Technologies blockchain-based StrainSecure database.Join to our Telegram channel to be always up-to-date with the latest news of the cryptocurrency space.