Rage Review : The legalization of recreational and medicinal uses of marijuana in more and more countries has made changes in the marijuana industry imminent. Medicinal Genomics is a company that is mainly responsible for collecting marijuana genetic materials from domestic marijuana strain growers. It is committed to using blockchain technology to create a repository for marijuana strain genomes, stably manage marijuana quality, and maintain safety standards for the marijuana industry. Translation: Flora As more and more countries vote to legalize the recreational and medicinal use of marijuana, the cannabis industry is in a rush to change. What started out as illegal and traded in underground markets has quickly begun to mimic other industries in terms of cultivation, distribution, and more. In all of these areas, quality management still has a lot of room for change. As more new growers and distributors emerge, Medicinal Genomics is working to create a repository of cannabis strain genomes to stabilize quality management and maintain safety standards for the industry. These genomes will be stored on the Bitcoin blockchain. Importance of Names One of Medicinal Genomics' initial goals is to standardize the names of the various cannabis strains that are currently available and those that are in development. The company hopes to ensure that patients can choose the specific strains they prefer and that they can be assured of the quality of the products they purchase. This will also help with future testing and experimentation with cannabis for medicinal purposes, as scientists will be able to more easily track and record strains that are easily classified and identifiable in the industry. Focus on intellectual property Another possible benefit is that the cannabis strain genome will protect the intellectual property of cannabis growers. Although the industry is still in its infancy, it is not difficult to imagine that the legal profession will focus on cannabis cultivation and intellectual property. As the cannabis industry continues to develop, it is no doubt that cannabis growers will protect their cannabis strains. At that time, the cannabis strain genome may be able to help. Bitcoin blockchain How does Bitcoin relate to Medicinal Genomics' business? Bitcoin, a digital currency, is not owned by any central bank. Blockchain is a technology used to track and record Bitcoin transactions. Medicinal Genomics collects genetic material from domestic cannabis strain growers. By arranging those samples in a sequence, Medicinal Genomics electronically compares the genome to the test sample to determine if there are any differences and whether it matches existing strains. For those strains that are screened as special, the company generates a random digital fingerprint and enters it into a database. Medicinal Genomics notifies its growers when new strains are added to the database. The benefit to growers is that they have a record of when the strains under consideration were identified as special. This provides proof of the grower's intellectual property in the form of legal documents at a later time, and is also very helpful for growers to protect their rights. |
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