CEO Explains how Blockchain Tech will Change the Roll of Cannabis for the CFN Media Group
CFN Media Group is one of the largest agencies and financial networks focused and dedicated to the cannabis industry. It’s also been stated in a released publication in a recent article and CEO interview for the cannabis industry in the United States talked about a new company called BLOCKStrain Technology Corp.
The new company released a public statement on a venture exchange known as TSX in which they used a ticker symbol “DNAX.” The ticker has supposedly been in the making for years with massive amounts of preparation and dedication being put into place to help build a premier software service company directed at businesses in the cannabis industry.
BLOCKStrain trading begins on TSXV under symbol DNAX (TSXV: DNAX) https://t.co/5G1sM6gYBC
— BLOCKStrain Tech (@blockstraintech) May 25, 2018
The new blockchain technology that is taking over different industries around the world changing the way the business world and supply-chain industries through the use of more efficient logistical options which are more affordable. Not only that, they are also efficient, transparent as well as protect virtual or intellectual property.
BLOCKStrain is one of the new companies that is looking to help more than 5,000 craft cannabis growers in Canada, and possibly as many 50,0000 in the state of California alone. The point is to take advantage of the new laws passing making the use of recreational-use of cannabis starting to become legal across the country.
Blockchain technology has grown in popularity due to the growth of Bitcoin, but the technology is much more powerful than most people realize. The technology is ideal for making and verifying transactions, as well as being applied to different industries in order to ensure the core of the company is ran in the most efficient way possible. These transactions could include medical records, management systems to verify identity and even for voting.
Basically, at the core of the company is a list of records that stores hash patterns in cryptographic algorithms, complete with time stamps to ensure the data from the transaction is completely secure, accurate and protected.
The system will likely work better than traditional ledge where the blockchain is typically resistant to being modified or corruption. At the same time, the platform is perfect for use by the public and cannot be modified in any way shape or form. This is said to be one of the most reliable, transparent and efficient transaction processors in the world to date.
One of the main problems in the cannabis industry is growers releasing false strains. That is why the company BlockStrain has created a system where strains must be verified and tested prior to being sold. It’s just to easy these days for a grower to take a mother plant, make a few miner changes and then claim it’s their own strain but without any proof it being true. The blockchain on the company will help people get verification that specific grower is actually selling the strain they promise they are selling.
Growers will be able to protect their licensed products and grows by the benefits the blockchain offers. Basically, no disputes will last because the blockchain will contain the data needed to prove the correct answer.
The company has made things happen by paring up with different facilities and growers in the industry. Through the use of the system buyers and sellers are guaranteed they are shipping the right product to the right person and that the right person is getting what they ordered.
Cannabis Media is now the agency leading the way for the companies and financial groups in Canada who are paving the way for the mainstream opening of the cannabis industry. They are currently looking for investors, venture capitalists and other individuals who are interested in getting involved in the newly emerging, consistently growing cannabis industry.