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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.


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