Follow us on or join ours

Technology blockchain it is implemented in various fields, the circle of which is successively expanding. Since it covers more and more new areas, why not try with the marijuana industry? Cannabis and blockchain this combination is intriguing in that both issues raise as much doubt, including legal, as enthusiasm.

Blockchain in the cannabis industry

Although marijuana as a light drug has not been legalized by many countries, its cultivation has become one of the fastest growing industries on a global scale. Companies participating in the cannabis market reach for more and more modern solutions to improve their operations. It was therefore a matter of time to use blockchain technology in this area. The idea turned out to be as promising as it was controversial.

What can blockchain give the marijuana market?

Given the specifics of blockchain technology, it seems obvious that it will provide the cannabis industry with greater regulatory transparency. Thanks to it, it will be possible to track the services of companies whose business is hemp.

Both financial and governmental institutions will be able to take advantage of this.

What's more, blockchain ensures effective quality control, which is particularly important for a product like cannabis. Its recipients, thanks to block chains, will be able to track all significant information about available marijuana.

ParagonCoin and PotCoin

One of the first companies to use blockchain in the cannabis industry is the paragonco,

It provides the right modules for marijuana cultivation and production, its distribution, transport, testing and company management. The most important thing is, according to Paragon representatives, that blockchain and cannabis, when combined, will ensure greater transparency of the industry, thus making consumers more aware of various issues related to it.

Another solution that allows the world cannabis industry to approach the blockchain technology is a decentralized platform Potcoin, which enables marijuana supporters to transfer funds, complete transactions, and communicate with each other.

 

3.7 / 5 - (3 votes)

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information posted on the Tokeny.pl portal is for informational purposes only and does not constitute investment advice or financial recommendation within the meaning of the law, including the Regulation of the Minister of Finance of 19 October 2005. The published content does not constitute an investment offer.

Tokeny.pl is not responsible for decisions made based on the information provided. Investments in cryptocurrencies, OTC instruments and CFDs involve the risk of losing some or all of the invested capital. Profits on such markets are dependent on market volatility and the financial leverage mechanism used, which can lead to losses exceeding the value of the initial deposit. Therefore, such investments may be inappropriate for people who do not have the appropriate experience or risk tolerance.

Copyright © 2018 - 2024 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters

© 2025 Your Company. All rights reserved.