- Easily
integrated BLOCKStrain platform tracks cannabis supply chain from genome
to sale
- Blockchain-based
genetic registration process provides verification security for growers
and consumers alike
- Protection
of proprietary cannabis strains is critical, as eventual entry of Big
Pharma and Big Ag companies into newly legalized cannabis space is certain
As the legal cannabis space expands and major players enter
the industry, the need for supply chain verification is growing dramatically,
with real-world problems already becoming apparent. These include:
- IP
lawsuits that have not stood up in court;
- Known
copying of major brands in dispensaries by illegal growers; and
- Gray
market products being passed off as legal.
Cannabis industry suppliers and consumers are currently
faced with a major gap in supply chain transparency and verification, a gap that’s
feeding a growing industry demand for an effective solution.
The team at BLOCKStrain Technology Corp. (TSX.V: DNAX),
a full-service software company headquartered in Vancouver, British Columbia,
Canada, wisely predicted that it would take an immutable, powerful technology
to accomplish this critical task. To that end, BLOCKStrain has developed the
first integrated blockchain platform that registers and tracks cannabis
intellectual property (“IP”) from genome to sale.
“This industry is growing at such an exponential rate,”
Robert Galarza, CEO and co-founder of BLOCKStrain, said in an exclusive
interview with NetworkNewsAudio (http://ibn.fm/kMNJi).
“You need to be able to create a method, utilizing technology, to verify that
product and make sure the product that’s being put on shelves is tested and
safe… You want to make sure what you’re putting in your body is healthy.”
Through the use of BLOCKStrain, cannabis growers can defend
intellectual property rights with an authentic, verifiable chain of evidence
embedded in the blockchain from genome to sale. For companies in the cannabis
space, efforts to secure intellectual property protection should start early
and remain a top priority. The U.S. Patent and Trademark Office (USPTO)
routinely grants patents for cannabis and cannabis-related inventions,
according to an article in The Legal Intelligencer (http://ibn.fm/hukAC), but that
doesn’t mean it’s an easy process. Patent claims cover a wide range of
technologies, with all requiring proof of invention or the product of human
ingenuity through selective or genetic breeding, the article states.
That’s where BLOCKStrain’s platform comes in by providing a
gene-registration defense of intellectual property rights and establishing historical
proof of ownership. That’s huge for cannabis growers seeking to develop their
own brands for an increasingly astute and knowledgeable base of loyal
consumers. The authenticity of a particular cannabis strain is followed from
genome to sale, providing reliable, transparent cannabis supply chain tracking
via BLOCKStrain’s unique platform.
With a solid foundation in place, BLOCKStrain is looking
toward the future with a near-term focus on the Canadian cannabis market ahead
of the country’s scheduled October 2018 legalization of adult-use recreational
cannabis.
“Our goal is to help this industry develop and unfold,”
Galarza stated, adding that BLOCKStrain is well positioned to grow its market
share by “putting the best solution in front of the industry and all of the
participants here.”
For more information, visit the company’s website at www.BLOCKStrain.io
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment