Current issues
How can blockchain technology solve the issues?
Potential benefits
Traceability and auditability
Regulatory compliance
Tax collection
on sales
Black-market
sales
A year after cannabis became legal in Canada, consumer weariness of government-regulated products remains an unaddressed issue.
Seed to sale on a distributed ledger
Irrefutability and total transparency for all stakeholders
Secure cloud
Smart contracts
Producer
Registers cannabis and downstream supply-chain elements in the blockchain
Retailer
Authenticates customers and registers the sale of cannabis in the blockchain
Customer
Provides proof of age, and checks origins and quality of cannabis
Government
Defines and saves rules in a smart contract
Confirms provenance
Reduces black-market sales
Cannabis-centred social networks
Taxation facilitation
Banking/ payments
for the cannabis industry
Provides transparency for cannabis data
Traceability and auditability
Regulatory compliance
Tax collection on sales
Black-market sales
A year after cannabis became legal in Canada, consumer weariness of government-regulated products remains an unaddressed issue.
Seed to sale
on a distributed ledger
Irrefutability and
total transparency for all stakeholders
Secure cloud
Smart contracts
Government
Defines and saves rules in a smart contract
Customer
Provides proof of age, and checks origins and quality of cannabis
Retailer
Authenticates customers and registers the sale of cannabis in the blockchain
Producer
Registers cannabis and downstream supply-chain elements in the blockchain
Confirms provenance
Reduces black-market sales
Cannabis-centred social networks
Taxation facilitation
Banking/ payments
for the cannabis industry
Provides transparency for cannabis data