TruTrace Partners With Deloitte to Track Cannabis Using Blockchain

Blockchain tracking startup TruTrace Systems Inc. partnered with Big 4 auditing firm Deloitte to monitor hashish employing blockchain technologies.

Investing information outlet ProactiveInvestors noted on Sept. 4 that TruTrace is launching its StrainSecure solution in partnership with Deloitte. The procedure in problem reportedly employs blockchain technological know-how to monitor hashish from seed to sale, in order to warranty that clients and vendors know the heritage of the product or service.

TruTrace CEO Robert Galarza explained that the new technique will provide more transparency to the hashish marketplace.

The partnership with Deloitte will purportedly assistance the solution arrive at a broader base of stakeholders considering the fact that the firm promises to provide 80% of Fortune World-wide 500 companies by way of its community of member companies around the world.

Blockchain tech for hashish provide chains

This is not the initially initiative that aims to utilize decentralized ledger systems in the hashish marketplace. As Cointelegraph noted yesterday, Australian Securities Exchange-detailed business Stability Matters has filed a patent software in the United States for a blockchain procedure to securely manage the cannabis source chain.

In June, Canadian pharmacy chain Purchasers Drug Mart partnered with TruTrace to start a pilot method for the hashish provide chain. The system will observe numerous professional medical hashish strains and will purportedly allow for medical doctors to problem much more efficient prescriptions and present improved information and facts for health-related marijuana clinical trials.

 

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