Announcements

Job offersmore »

Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




IBM wants British Columbia to track legal pot with blockchain tech

Canada is gearing up for the legalization of weed next year, and the provinces are scrambling to figure out how they're going to manage and sell all that bud. Tech giant IBM recently pitched one possible high-tech solution to the British Columbia government: the blockchain.

Blockchain technology, which is behind cryptocurrencies like Bitcoin and Ethereum, can help the BC government to stamp out the black market, the IBM document states.

IBM is heavily invested in the blockchain space, and offers a commercial platform to developers and companies that want to experiment with the technology. Blockchains are public ledgers that record every action occurring within the network. This ledger is distributed across many computers, meaning that it's nigh-impossible to forge an entry without anybody else noticing. For cryptocurrencies like Bitcoin, the blockchain keeps track of who owns what units of currency going all the way back to when the system was first switched on in early 2009.

Now, IBM Canada wants the BC government to use blockchain technology to keep track of weed as it goes from the manufacturer to some hoser's bong. Or, as the company put it in a document hosted on the BC government's website and marked November 1, "from seed to sale." The document was submitted as part of the BC government's recent public consultation on how to manage legal pot in the province, which ran from late September to November 1.

Read more at Motherboard (Jordan Pearson)

Publication date: 11/16/2017

 


 

Other news in this sector:

7/19/2018 Canada: Bert Mucci also goes into the cannabis business
7/18/2018 US (WA): Production starts at 35,000 sq.ft. cannabis greenhouse
7/17/2018 5 tech systems anyone with a cannabis greenhouse should be using
7/16/2018 CAN (ON): Hamilton council blocks 123,000 sq.ft. cannabis greenhouse
7/16/2018 CAN (BC): Local governments can regulate MJ growth on agricultural land
7/13/2018 CAN (ON): Councillors consider MJ greenhouse proposal again
7/11/2018 Canada: Aphria's strategy for legalization of recreational marijuana
7/10/2018 Israeli MMJ grower to shift to EU amid red tape
7/10/2018 CAN (QC): Sherbrooke College to provide cannabis production training
7/9/2018 Italy’s only MMJ producer can’t keep up with demand
7/9/2018 US (PA): University launches cannabis science graduate certificate programs
7/6/2018 Canopy Growth sets sights on Latin America
7/6/2018 US (CA): From cut flowers to cannabis, Lompoc grapples with past
7/6/2018 US (CO): Sweet Leaf licenses revoked in Denver
7/5/2018 CAN (AB): Aurora Sky completes first harvest
7/5/2018 US: California establishes testing for pesticides in marijuana products
7/4/2018 CAN (QC): Six zones of 250,000 sq. ft. MMJ greenhouse operational
7/4/2018 Cloning tips for vertical sea of green cultivation
7/4/2018 US (FL): White Sands MMJ facility revenue exceeds expectations
7/3/2018 US (NV): CROP enters into agreement for MJ farm