After launching the next edition of Starfleet accelerator, aeternity is now building a new decentralized application. This time to track cannabis (marijuana) production. A supply chain management platform will be created to record the various stages of the production cycle.
By partnering with Uruguay Can, which is one of the leading cannabis production company, aeternity will implement a combination of blockchain and IoT throughout the process.
As mentioned in the announcement, once the platform is developed, vendor can register and track cannabis — from seed to the final product. Then one can keep a check on the quality of these medical and recreational cannabis.
Commenting on the partnership with Uruguay Can, aeternity CEO Pablo Coirolo added:
“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.”
Uruguay: The Hub For Medical Marijuana
Cannabis investors all over the world believe Uruguay is the hub for medical marijuana. We have seen companies like Silverpeak Life Sciences Uruguay quadrupling their production this year, and continue to expand due to ever-growing demand.
As the South American country offers a billion dollar oppurtunity, aeternity made the right move. The value addition will be witnessed once the platform is live. In fact, the first phase of building the platform between Uruguay Can and aeternity will start in October this year.
Within 3 months, the platform will be ready and tracking of these cannabis is planned for the middle of next year.