Mountains of Cash Will Be Made in this Two-Fold Trend!
- Verification of product. Essentially, whether or not the product is viable.
- There needs to be a pipeline of legality between producers and consumers, which isn’t currently fool
- Satisfying the governments that are already highly skeptical of this developing industry.
What better way to smooth out the current stumbling blocks in the sector than applying blockchain tech. Rob Galarza, CEO of BlockStrain, has already solidified a deal with WeedMD. WeedMD will be amongst the first federally-licensed producers to initiate the integration of blockchain technology into its ecosystem. With about 1,000 different strains of cannabis that currently exist, you can imagine how important keeping product straight is, especially for medicinal purposes. It’s with the application of immutable cryptography that we can now start tracking cannabis IP from genome to sale and will enhance every party involved at all levels. BLOCKStrain provides an environment that automates, accelerates, and encodes transactions while ensuring privacy and security for everyone. These elements create a single reliable record for cannabis strains and their ownership across the supply chain. The main advantage of BlockStrain is to ensure product licensing and authenticity, providing assurance of revenue and, more importantly, product integrity and safety.
Put differently, BlockStrain is the “smart hub” for cannabis, and this company is hitting the ground running with deals in place that are earning revenues right off the bat.
CEO Robert Galarza is aiming to cut costs for the billion-dollar players in the space. His vision is to unclog the arteries in this sector and really allow the capital to flow and let the space really flourish.
It’s companies like BLOCKStrain that are going to give the cannabis industry a more reputable name. And it’s with the onset of blockchain technology that the company will ensure quality and integrity in the products.
Making the platform truly open and available to everyone, the company is shaping the future and authenticity of the industry through widespread adoption and usage.
By offering a secure API network, they’ve made it easy for testing providers, grow facilities, app and software developers, research groups, and major supply chain platforms to build cannabis-centric applications, helping fuel technology and innovation for the industry as a whole.
As compliance and regulation are a critical priority, BLOCKStrain allows for government regulation standards to be adhered to while providing real-time visibility of industry operations to agencies assigned to enforce and regulate all cannabis activity nationwide.
And as for blockchain tech, even cryptocurrencies’ biggest critics will agree that the use of blockchain solutions for recordkeeping and its decentralized properties are and will be the future.
This is a company that can scale and offer its services to the biggest players in the space and be number one for software-based platforms, specifically as it pertains to cannabis.
I look forward to covering this company further in future updates, but for now, put DNAX at the top of your list of stocks to watch here in 2018.
Whether you are looking for a play in the cannabis space or to tap into the infancy stages of blockchain tech, owning shares of BlockStrain gives us exposure on both fronts.
We are just getting into the initial stages of what will become global legalization of cannabis. Sentiment for this space is changing fast, and we are spring-loaded to the upside.
Get updates on Blockstrain and more Wealth Building Ideas for the new economy.
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