Cannabis grower in California uses blockchain for tracking

A cannabis nursery in California has used blockchain technology and smart contracts to verify the authenticity of the therapeutic plants it sells.

The cannabis nursery, which goes by the name Mendocino Clone Company, got its name on January 13 in a statement about a collaboration between the EMTRI project and the technology company Global Compliance Applications.

In order to issue a batch certificate for each and every clone, also known as a baby plant, it will be necessary to make use of the functions offered by the blockchain project. Nurseries are businesses that focus on plant genetics and produce clones, young plants and seeds for wholesale distribution of cannabis. Nurseries can also be referred to as seed banks.

As a result of this decision, the nursery is now able to record the initial stages of a cannabis plant’s path to becoming a premium product for customers depending on the gram weight it blooms, the company said in a statement. Each clone batch has its own unique batch certificate, which acts as a self-generating smart contract. It does so by giving each young plant its very own “unique identification block”, which is generated by the nursery and linked to the blockchain on which it operates using Ethereum.

It was noted that the customers, which include retail outlets and commercial farms, can use this to check the genetic history of their clones and determine whether their clones are genuine or not. From the first week of February, a first round of batch certificate clones will be made available to the public.

In addition, licensed farmers who acquire Mendocino clones will gain access to EMTRI token (EMT) prices and higher prices for participating in the blockchain project. These benefits will be awarded to licensed cultivators participating in the blockchain project.

In November 2022, EMT was introduced as a means of providing incentives to project participants. The tokens can be staked for additional dividends or exchanged on Uniswap for US Dollar Coins (USDC).

But the idea of ​​combining cryptocurrency with cannabis is not new.

Cannaland, a cannabis-oriented Metaverse project, was launched in November with the intention of developing a virtual environment targeting cannabis consumers and advocates. A custom pipe manufacturer produced tokenized bongs in January 2022, and celebrities such as Snoop Dogg and Santana were among the early adopters of the NFTs.