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Author Topic: Cannabis company in Colombia using blockchain for their crops.  (Read 239 times)
crypto1010
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July 06, 2020, 06:01:22 AM
 #1

With legislation paving the way for legalization of cannabis across the world, a Cannabis company based in Colombia is using blockchain to learn about the future of traceability in their crop (Enabling cannabis growers to trace their crop from seed to sale). Together for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.

They're working closely with Symbol from NEM and their blockchain to maximize its functionalities of rapid technological implementation, simplicity in its learning and robustness in its design and architecture. It has both dedicated enterprise chain features and all decentralization features to target the market cap too and increase it's token value moving along.

With more people getting anxiety issues during this pandemic, CBD has risen up its sales and this can be the future of blockchain technology being used.

What does it take for companies to use blockchain technology more?
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July 06, 2020, 06:34:27 AM
 #2

This is huge, glad that NEM was able to pull this partnership off. This can bring huge potential for their token, especially if started to enter other industries and not just cannabis.
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July 06, 2020, 11:52:01 AM
 #3

With legislation paving the way for legalization of cannabis across the world, a Cannabis company based in Colombia is using blockchain to learn about the future of traceability in their crop (Enabling cannabis growers to trace their crop from seed to sale). Together for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.

They're working closely with Symbol from NEM and their blockchain to maximize its functionalities of rapid technological implementation, simplicity in its learning and robustness in its design and architecture. It has both dedicated enterprise chain features and all decentralization features to target the market cap too and increase it's token value moving along.

With more people getting anxiety issues during this pandemic, CBD has risen up its sales and this can be the future of blockchain technology being used.

What does it take for companies to use blockchain technology more?

I do think the companies have to realize that Blockchain is not some scam or something that people use to do illegal activities, at the same time they have to encourage students in the university to take up blockchain as an assignment , to learn something about it, see how it works .

It's not a new technology, it was envisioned far back in the 1900's , the whole idea is to make the system more transparent. Companies are working on outdated softwares , Blockchain is something that is more secure ,plus it does have a lot of applications in companies itself.

I do think it will all start with : Introducing Blockchain positively, the news companies don't do justice to blockchain and cryptocurrencies.

_____________________________________________________________________________

I am not fond of Cannabis and other drugs but legalizing them would mean that the government will be able to track them somehow , because let be honest , even if the thing is illegal, time and again we see people using it in a much worse circumstances.

Blockchain could store that data and provide safe and controlled alternatives to people .

___________________________________________________________________
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July 06, 2020, 12:21:40 PM
 #4

With legislation paving the way for legalization of cannabis across the world, a Cannabis company based in Colombia is using blockchain to learn about the future of traceability in their crop (Enabling cannabis growers to trace their crop from seed to sale). Together for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.

They're working closely with Symbol from NEM and their blockchain to maximize its functionalities of rapid technological implementation, simplicity in its learning and robustness in its design and architecture. It has both dedicated enterprise chain features and all decentralization features to target the market cap too and increase it's token value moving along.

With more people getting anxiety issues during this pandemic, CBD has risen up its sales and this can be the future of blockchain technology being used.

What does it take for companies to use blockchain technology more?
this is the problem,How can they expect legalization when they are trying to use decentralized market to cover their transactions?
this will only Hinder their chances and will lead them to nothing.

Just use Fiat first and change it when everything is awarded in this way they can manage to Liter everything in their favor.

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so98nn
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July 06, 2020, 12:28:35 PM
 #5

(Enabling cannabis growers to trace their crop from seed to sale). Together for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.
.
.
.

What does it take for companies to use blockchain technology more?

First of all I am not sure how are they going to do the tracing thing if they are not able to do it in the real world with real resources being so handy. Let's not forget narcos, wolf, Marco Polo and more uncountable personalities who did it even when things were tighter on regulations side.

So my back question is what things they are going to put on blockchain so as to make it untraceable transaction?

I felt for a seconds that underworld might just hire some IT guys and use blockchain technology for their anonymous business. This act of cannabis company can actually give more ideas to such people around the world. Lolz.

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crypto1010
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July 06, 2020, 01:47:07 PM
 #6

(Enabling cannabis growers to trace their crop from seed to sale). Together for its management & compliance platform, ensuring confidence in the quality of medical cannabis & adherence to government regulations.
.
.
.

What does it take for companies to use blockchain technology more?

First of all I am not sure how are they going to do the tracing thing if they are not able to do it in the real world with real resources being so handy. Let's not forget narcos, wolf, Marco Polo and more uncountable personalities who did it even when things were tighter on regulations side.

So my back question is what things they are going to put on blockchain so as to make it untraceable transaction?

I felt for a seconds that underworld might just hire some IT guys and use blockchain technology for their anonymous business. This act of cannabis company can actually give more ideas to such people around the world. Lolz.

I think their goal is being able to trace where the crop came from. From the actual seed, to the time where it's already being sold. The management platform sits on Symbol blockchain, which allows for the registration and tracking of each cannabis strain, ensuring confidence in the quality of medical and recreational cannabis and also adherence to government regulations.
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July 06, 2020, 02:04:15 PM
 #7

blockchain adoption is not a crypto adoption. So, i dont think that this news is really important for the industry
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July 06, 2020, 04:48:24 PM
 #8

Weed and tracing doesn't really sound all that reasonable. I mean I would rather keep it something hidden even if it is legal, and wouldn't want anyone to know the weed ended up with me. It is really not a legal thing, it is already illegal in my country and I never used it and would never really consider it, however that doesn't mean I know for a fact that I wouldn't want it even if it was legal.

The thing is, you never really know what you are getting and one day something legal could be another day something illegal. It could be weed that is allowed but somehow Colombian weed transportation could become illegal overnight. So for the best case, I would rather keep it quite even if I am allowed for it. Of course it is nice to see blockchain being used, but I hope they will not do it Cheesy.

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July 06, 2020, 10:01:26 PM
 #9


What does it take for companies to use blockchain technology more?

If they know how to take advantage of blockchain technology then why not? I'm advocate of blockchain for huge to small tier company, after all they processes a lot of data isn't it, and that's where their money come from. Data of today means income, if you have that important data in your hand in at instant, companies can make their business decisions right away.

However, there are instance that a simple Relational database is just needed, no need to make that shift just to join the bandwagon of 'blockchain' buzz word.

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July 06, 2020, 10:05:15 PM
 #10

As long as there are regulation for public production and mass consumption of cannabis then why not? I think in paper it is really good to see and trace everything and if it is written in blockchain as it is immutable. Most industries are also moving to blockchain to help them in the same process of tracing, example, pharma and other drug companies. It's just a question on how they are really going to utilized this latest technology to make their process much easier for them.

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July 06, 2020, 11:25:16 PM
 #11

What does it take for companies to use blockchain technology more?

Common sense. In 90% cases, blockchain is used for the usage of blockchain. This weed company, as well as many others, simply tries to look more high tech and perspective in the eyes of investors. There is no urgent need to trace cannabis crops, and if there is, it can be achieved in 100 other ways, but using a fancy tech like blockchain makes you looks cooler.

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July 06, 2020, 11:47:39 PM
 #12

Well, so there are several cannabis companies in Columbia that use blockchain technology. Well, that's good enough because many more industries will realize the importance of the blockchain technology.

Aside from good or not cannabis, blockchain will give a positive impact on the industry. besides getting the ease tracking on the company, the use of blockchain technology may work for:
1. Better transparency
where the people in the industry can easily check for the transparency, for the funds, flows, data, and many more.
2. A more enhanced security system
using blockchain is considered to have a more advanced security system.
And more others such as Improved traceability, more efficient and speedy, and of course Reduced costs.

And what the companies should do/have to use this technology?
of course, the readiness of the company systems, the workers, and also the regulation of the company.
The system and workers may be easy to realize. But, what;s about the regulation? Moreover, it is about that kind of company? Sometimes, the use of blockchain technology has to have certain regulations in order to check the transparency and also its traceability. Although blockchain actually offer them well, not all country regulation can accept it.

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July 07, 2020, 01:12:38 AM
 #13

I think a lot of companies are starting to realize how well the blockchain can be utilized to help track and provide for open transparency when it comes to keeping track of their product.  I've seen a few short new clips on companies who use this that claim it's completely reformed their process of tracking.

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July 07, 2020, 03:15:01 AM
 #14

What does it take for companies to use blockchain technology more?

Common sense. In 90% cases, blockchain is used for the usage of blockchain.

blockchain is used for the usage of the blockchain ?  i dont get it  . blockchain is a system or technology  . you can rather say that blockchain is used for other blockchain related products such as cryptos and many other more   . other company will use blockchain more and more if they see that many companies are already using it  and if they see that the results of using a blockchain is good and can drastically improve or transform the old way of thier business

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July 07, 2020, 05:44:58 AM
 #15

Blockchain tech is so rich and fruitful. Once you know how it works the benefit is far beyond what you can achieve. In keeping transparency and track to products, blockchain provides the best opportunity for every company who ventures into it.
I am glad this technology is becoming the order the day.

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July 07, 2020, 07:52:24 AM
 #16

I think a lot of companies are starting to realize how well the blockchain can be utilized to help track and provide for open transparency when it comes to keeping track of their product.  I've seen a few short new clips on companies who use this that claim it's completely reformed their process of tracking.

Traceability and transparency are the keywords here. And blockchain technology provide both of this which is really beneficial for a lot of companies, including cannabis related industries. Just imagine what changes it can bring to them if they uses this technology in keeping their product specially that it won't be tampered with and customers are getting some assurance that the product that they are going to get is high grade quality and cannot be fake.

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July 07, 2020, 09:02:35 AM
 #17

You have posted many threads about this NEM to hype it.

Is cost-reduction attractive enough for businesses to use blockchain?
RE: Blockchain is very faithful
Symbol and NEM are tools that provide solutions even to the most common problems

blockchain is used for the usage of the blockchain ?  i dont get it  . blockchain is a system or technology 
System or technology, it doesn't make difference.
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July 07, 2020, 12:47:57 PM
 #18

blockchain is used for the usage of the blockchain ?  i dont get it  . blockchain is a system or technology  . you can rather say that blockchain is used for other blockchain related products such as cryptos and many other more   . other company will use blockchain more and more if they see that many companies are already using it  and if they see that the results of using a blockchain is good and can drastically improve or transform the old way of thier business

I didn’t say “a blockchain,” which means that I referred to the technology. Blockchain, as any other technology, is used to solve particular problems. Namely, Satoshi created blockchain as a solution that allowed to order events in the ledger (or place timestamps, in other words) without the involvement of a trusted intermediary (or in a trustless Byzantine setting, in other words).

Now, please, tell me why this company (or any other company) would desire to place a database of their business related events in a public Byzantine setting instead of maintaining the database itself? Solutions for the problems of product tracing and authenticity verification were introduced long before the invention of blockchain (check out Certilogo, for example). You can use a highly customizable solution that will fit all your needs and feature much lower maintenance costs.

The usage of blockchain in most cases is justified merely by an opportunity to proclaim the usage of blockchain. Although the craziest hype seems to be gone at last, it’s still a viable way to start looking cooler in the eyes of investors and consumers.

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July 07, 2020, 03:48:20 PM
 #19

Cannabis that is intended to give doses prescribed by the doctor and not random use like what addicts do.
Working closely with Symbol of NEM and their blockchain to maximize their functionality from the rapid technology application does not mean that they will nicknote cryptocurrencies but because blockchain is a large database that can be used.
Anxiety problems during this epidemic can be treated with many antidepressants, which are available in many markets.
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July 08, 2020, 11:51:32 AM
 #20

Common sense. In 90% cases, blockchain is used for the usage of blockchain.

In the other 10%, the usage of blockchain is used for blockchain, right?  Grin

It's not a new technology, it was envisioned far back in the 1900's , the whole idea is to make the system more transparent. Companies are working on outdated softwares , Blockchain is something that is more secure ,plus it does have a lot of applications in companies itself.

Really? In 1900? How was the prototype called, woodchain? With what did they mine, Napier's bones?

Companies are working with outdated softwares? You know that the blockchain is just a database and a lot of things work flawlessly on other databases right now, from amazon to apple, all companies use databases and they are doing a pretty damn good thing.

First of all I am not sure how are they going to do the tracing thing if they are not able to do it in the real world with real resources being so handy.

All this tracing with the blockchain is a lot of hype, in reality it comes to trust, the trust that the product is indeed the one that was labeled when it exited the factory and the trust that there aren't 1000 others like him with the same stamp. You can't secure a product just with code, look at VIN numbers they were supposed to do the same, you check the VIN number against a database, and it shows the details of the car but at no point, you can be sure that there aren't 30 cars just the same model and color running around with the same VIN.



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