A cannabis nursery based in Mendocino County, California, has adopted the use of blockchains as well as smart contracts to authenticate its medicinal herbs. Called Mendocino Clone, the nursery was mentioned in a partnership project with EMTRI and tech company Global Compliance Applications earlier this month. It now has the power to harness the blockchain capabilities of the project to be able to ratify all clones or plants from its inception stages using a batch certificate.
Cannabis nursery establishments specialize in plant biology (genetics), cloning of the plants, and recording shoots and seeds for wholesale distribution purposes. This move gives room for nurseries to collect data beginning at the inception stages of a cannabis plant through when the premium cannabis flower arrives to the consumer, based on its weight in grams.
These batch certificates are self-generated through a smart contract for every clone batch. This makes each clone plant peculiar, owing to the unique identity block that the nursery has created and linked to Ethereum blockchains. The nursery’s clients will therefore be able to certify the clone’s authenticity as well as the clone plants’ genetic lineage. The maiden batch’s certificates should be out beginning February.
Also, licensed cannabis farmers who will buy Mendocino clones shall be granted access to EMTRI rewards (tokens) and fairer rates when participating in the project. In November, the EMT was launched to reward the project participants with tokens. These tokens can be exchanged or traded on Uniswap for USDC or pledged for further benefits. EMT is not on any Bourse platform or crypto markets such as CoinGecko.
EMTRI cofounder Scott Zarnes said that the organization was excited to be a front-runner in adopting cutting-edge technology in the U.S. cannabis industry. It is known for a fact that the crypto and cannabis amalgamation is not a new phenomenon in the market.
In November last year, a Metaverse cannabis-themed project named Cannaland was set in motion to make room for a virtual world specific to cannabis enthusiasts. Early last year, a bespoke pipe maker availed tokenized pipes with the likes of Snoop Doggy Dogg grabbing up the NFTs.
PotCoin (aka POT) as well as CannabisCoin (aka CANN) type of projects have purposed to aid in creating a digital legal tender specific to the cannabis industry dating as far back as 2014, but they were not successful in the venture.
These growing use cases for blockchain technology are making the public increasingly accepting of companies such as RIOT Blockchain Inc. (NASDAQ: RIOT), since the members of the public can see how the tech is penetrating every aspect of their lives as time goes by.
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