CannaBLOX is a BlockChain based smart contract supply chain management platform for the legalized Cannabis industry
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In a recent request for public feedback from the Government of British Columbia, IBM submitted a proposal suggesting the use of BlockChain technology as a means by which to track and document transactions across the Cannabis supply chain. IBM stated, "This type of transparency would bring a new level of visibility and control to the provincial regulators."
The cannaBLOX BlockChain software will aim to ease logistical bottlenecks, ensure product safety and quality of supply, minimize fraud and potential criminal activity, and assist with taxation and regulatory compliance across various levels of government within the legalized Cannabis marketplace.