Decentralized application (DApp)-focused blockchain Aeternity will be used to track the supply chain of Montevideo-based medical and recreational cannabis producer Uruguay Can.
Aeternity announced in a press release published on Sept. 25 that it is creating a supply chain management platform for the partner combining the Internet of Things and DApps. Aeternity Americas CEO Pablo Coirolo explained:
“We want to be the first to offer a business-level solution in partnership with leading technology providers and cannabis producers, processors and distributors. […] æternity technology is ideal for tracking the entire cannabis production process, from seed to full plant growth, throughout the entire supply chain, which ensures consumer safety while complying with regulations.”
A progressive country
Uruguay became the world’s first country to completely legalize cannabis production and sale in December 2013.
The first phase of supply chain management system implementation will take place in October 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 are proud to be the first company in Uruguay that can guarantee the quality of our products in a transparent and verifiable way. […] The ability to trace the source and the way cannabis is produced is beneficial for both the cannabis and pharmaceutical industry as well as its consumers and end users, who should feel more secure about the product 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.