BLOCKStrain Technology Corp. (TSX.V: DNAX) has named Derek Pedro, an industry veteran of the legalized cannabis industry in Canada, to its advisory board. For joining the advisory board, Pedro will receive 500,000 stock options. A master grower, Pedro is particularly interested in protection of the IP of cannabis producers, as well as governmental tracking of cannabis shipments worldwide. These are issues that DNAX solves with its proprietary system, he says (http://ccw.fm/blW0H).
Based in Vancouver, Canada, DNAX has developed the first integrated blockchain platform to both register and track cannabis from genome to sale. The goal is to protect the IP of growers while reinforcing the integrity and safety of the product. Further, it is intended to ensure that product licensing is accurate and provide assurance of revenue, offering transparency and a strain variety protection platform.
Referring to Pedro in a news release, Robert Galarzo, DNAX CEO, said, “He is both a pioneer and a legend in this industry, and his knowledge of strain genetics and production systems is incredibly beneficial to us as BLOCKStrain builds and adapts its platform for Licensed Producers and other industry stakeholders in Canada.”
IP protection for cannabis companies and “track and trace” for cannabis shipments by governments are both important to Pedro, who has been a premier breeder of new cannabis strains.
“BLOCKStrain’s system addresses both these issues with a very elegant solution, and I have no doubt that this company and its software will play a major role in the growth of the legal cannabis industry, not just in Canada, but around the world,” Pedro added.
For more information, visit the company’s website at www.BLOCKStrain.io
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