Aeternity Blockchain To Be Used to Track Cannabis in Uruguay
Decentralized application focused blockchain Aeternity will be used to track the supply chain of Mo9ntevideo-based medical and recreational cannabis producer Uruguay Can.
Aeternity announced via a press release published on September 25th that it is creating a supply chain management platform for the partner combining the Internet of Things and DApps. Aeternity Americas CEO Pablo Coirolo said:
“We want to be the first to offer a business-level solution in partnership with leading technology providers and cannabis producers, processors and distributors. […] æternity technology is ideal for tracking the entire cannabis production process, from seed to full plant growth, throughout the entire supply chain, which ensures consumer safety while complying with regulations.”
Uruguay became the first country to completely legalize cannabis production and sale in December 2013.
The first phase of supply chain management system implementation will take place in October and is expected to be completed in January 2020.
Uruguay Can CEO Eduardo Blasina said this about the development:
“We are proud to be the first company in Uruguay that can guarantee the quality of our products in a transparent and verifiable way. […] The ability to trace the source and the way cannabis is produced is beneficial for both the cannabis and pharmaceutical industry as well as its consumers and end users, who should feel more secure about the product that they are consuming.”