Blockchain solutions for cannabis from Aetsoft
Fast and secure payments
With decentralized blockchain-enabled assets, cannabis-related businesses can perform transactions in a fast and secure manner, without using regulated means of payment.
For regulators having difficulty tracking illegal cannabis turnover, blockchain can become a panacea by allowing them to completely trace good’s transportation and money flows.
Make all sales verifiable and share data with all participants, helping to eliminate fraud and track purchases.
Smart contracts bring autonomy to financial processes, free of third-party involvement, making value transfers direct and less costly.
Traceable supply chains include data on all parties — farmers, growers, dispensaries, retailers — where any negative behavior will be immediately spotted.
Consistent breeding records
Blockchain can provide a single, transparent, and permanent database where companies could file info about weed and marijuana species, including growth, harvesting, THC/CBD balance, sales and reviews data.
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Blockchain applications in сannabis
Use case 1. Regulatory-compliant deals
Unwilling to make deals on shady terms, buyers generally distrust sellers and likely refuse to deal with them at all; strict regulatory environment and transaction insecurity add to the cause.
Establish blockchain-enabled trades with digital assets; cryptographically-secure and regulatory-compliant, they set the scene for trustless settlements.
Use case 2. Consistent breeding records
Fragmented record-keeping leaves farmers with opaque breeding records, filled with gaps across viable data assets.
Establish a consistent database of breeding records, citing information about the entire breeding process of each plant, including THC, CBD, harvesting, and other data.
Use case 3. Transparent supply chains
From cultivation to sales, data opacity might expect you at any step of the supply chain, making monitoring and analytics both a challenge and risky venture.
Get end-to-end transparency across your logistics, with real-time, visible, and incorruptible records throughout transportation.
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