Blockchain and cannabis are some of the most searched keywords on the internet today and it is interesting to see the correlation between the two. Today, blockchain is being applied to pretty much every sector and cannabis production is no exception.
The distributed ledger technology (DLT) product authentication system patent filed by the United States e-commerce company Amazon has been approved by the US Patent and Trademark Office (USPTO). Their new platform aims to provide ‘digital trust’ to the product supply chain (SC).
The Chicago Mercantile Exchange (CME), a global derivatives marketplace, revealed that Bitcoin futures investors lean towards cash payments over the physical delivery method they receive in Bitcoin (BTC).
As the 3rd Bitcoin halving event scheduled for March 12 nears, many countries are rethinking their opinion on crypto mining. Sichuan, which initially banned crypto production, is now backing it and will lower electricity cost for miners.
As the COVID-19 pandemic spreads around the world, the demand for medical supplies such as test kits, reagents, masks etc. skyrockets. In its turn, the growing deficiency has pushed a growth in counterfeit products.
Cases of food contamination, counterfeits and requests from consumers for more information on the origin of food are increasing the demand for solutions, both system and global, which can show all actors in the supply chain how to certify traceability and the processing of the processed, distributed and sold product.
Blockchain technology is a solution to create unique digital assets (UDAs). To understand the opportunities of blockchain it is important to consider the uniqueness of digital products. But let's start with a common example.
Since the birth of Bitcoin, cryptocurrencies have been criticized for supporting illegal activities including terror operations, drug trading, human trafficking, money laundering, sex, frauds, monetizing ransomware, purchasing illicit products, and many others. People know how that accusation can damage the reputation and legal status of cryptocurrencies.