Veritas Pharma announced in a press release published September 11 by Globe Newswire that cannabis industry leader 3 Carbon has signed a memorandum of understanding (MOU) with blockchain startup Rubikon Blockchain to help build a secure blockchain for the tracking of manufacturing equipment and the processing of cannabis extracts.
Rubikon has developed a production information platform geared towards the developing cannabis industry. Using RFID technology, advancements in seed-to-sale software, and an immutable blockchain protocol, Rubikon has created a platform ready to provide comprehensive tracking and data management solution. The platform will also help expand the firm’s commercial reach and raise 3 Carbon’s compliance reporting and information transparency.
Rubikon’s CEO, Joel Semczyszyn, said in a statement:
“We have extensively explored the cannabis processing and manufacturing sector and are excited to work with a company that shares our values of integrity, transparency, and providing value like 3 Carbon Extractions.”
Phillip Kwong, the CEO of 3 Carbon also commented on the MOU, saying:
“With Canada’s plan to legalize and regulate edible cannabis products and derivatives in 2019, this MOU creates an opportunity for our two companies to establish an effective and efficient tracking system for cannabis processors and manufacturers that will help them achieve quality standards and comply with complex government regulations.”
The CEO of Veritas closed the press release with his statement, saying:
“Joel and his team along with Phil will work great together, especially in helping our Company maximize the potential of blockchain technology for use in Cannevert’s cannabis-hemp laboratory testing services along with their upcoming products in the medical cannabis space.”
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