A California-based marijuana nursery turned to blockchain and smart contracts to verify the authenticity of its medicinal plants.
The cannabis nursery, known as the Mendocino Clone Company, was named in a partnership announcement by the EMTRI project and technology company Global Compliance Applications on Jan.
It will leverage the project's blockchain technology capabilities to certify all clones, or baby plants, with a batch certificate.
Cannabis nurseries are establishments specializing in plant genetics, producing clones and seedlings and seeds for wholesale distribution.
The move allows the nursery to "document the early stages of a cannabis plant's journey to becoming a premium product for consumers based on the weight in grams it blooms," it said.
Source:Mendocino Clone Company
The batch certificate is a self-generated smart contract for each clone batch. It gives each baby plant its own “unique identity block” created by the nursery and linked to its blockchain based on Ethereum.
Its customers, which include commercial farms and retailers, can use this to verify the authenticity of their clones and their genetic lineage, he added.
The first round of batch certificate clones will be available from the first week of February.
Additionally, licensed growers who purchase Mendocino clones will have access to EMTRI token (EMT) rewards and better fees to participate in the blockchain project.
EMT was launched in November 2022 to offer rewards to project participants. Tokens can be traded on the Uniswap for USDC or staked for additional income. EMT is not listed on any centralized exchange or crypto market data platform such as CoinGecko.
EMTRI Corp co-founder Scott Zarnes commented: "We are excited to be at the forefront of the cannabis industry, becoming the first in the United States to adopt this cutting-edge technology in this way.".
Cannabis in Metaverse
As reported by PortalCripto, companies see opportunities and potentials that virtual space can offer their businesses and customers, including some in the cannabis industry.
The newest company interested in enter the metaverse now ACS Laboratory, which has hemp and cannabis testing facility in the eastern United States, is planning to enter the metaverse in Decentraland (MANA), the company said in a press release shared on Sept. 28.
The ACS Laboratory is joining the Automatic Slims Metaverse Marketplace of the decentralized virtual reality platform, developed by the blockchain company Blockcity and comprising four floors “of dynamic experiences that blend retail, education and entertainment”.
