Using Bitcoin blockchain to register cannabis strains and origins

Crazy Comment : The legalization of marijuana has increased the number of marijuana varieties research and cultivation, and the output has also soared. In the face of a wide range of varieties, it is difficult for consumers to distinguish the uneven prices and quality. For this reason, Medicinal Genomics hopes to use Bitcoin blockchain technology to register and manage marijuana varieties.

Translation: Annie_Xu

Bitcoin is currently the most secure and most tested distributed network in the field of encryption technology and digital currency; probably mainly because it values ​​security over flexibility and functionality. Therefore, cannabis growers have begun to use the security measures of the Bitcoin blockchain to create a cannabis genome database to ensure the authenticity of the data.

In the past few years, more and more states and countries in the United States have begun to recognize the legality of recreational and medicinal marijuana, resulting in a surge in the scale of marijuana cultivation. Therefore, in order to meet market demand, the number of marijuana traders, middlemen and laboratories has gradually increased.

quality assurance

Therefore, laboratories and researchers are testing and cultivating new cannabis varieties every day, making it difficult for consumers to distinguish the types of cannabis and its finished products. The regulation of the cannabis market is increasing, and consumers and brokers are beginning to question the quality and origin of cannabis varieties. The quality of cannabis finished products has become an important indicator of the reputation and product pricing of cannabis growers and traders.

Currently, it is basically impossible for ordinary users or consumers to verify the marijuana variety and its origin without tedious testing. For inexperienced users, it is difficult to distinguish.

A cannabis database based on the Bitcoin blockchain

Unregistered middlemen and disreputable growers can take advantage of people’s lack of knowledge about cannabis strains, genomes, and origins. Registered labs and reliable distributors pride themselves on high quality.

Therefore, Medicinal Genomics has developed a cannabis database based on the Bitcoin blockchain; growers register varieties and their genomes, and users, middlemen and consumers can refer to the category information in the Bitcoin ledger.

Kevin McKernan, chief scientific officer at Medicinal Genomics, stressed the importance of the Bitcoin blockchain database because its level of security and innovation are unmatched.

“The security of the Bitcoin blockchain has stood the test of time since 2009. Customers entrust you with the responsibility of intellectual property management, and you choose to trust a side chain, but your network collapses and you cannot solve the problem yourself, then your customers will be disappointed.”