In the crypto-Space is all about often the most well-known crypto-currencies such as Bitcoin, Ethereum or Ripple. While crypto-currencies are just one of very many possible applications of the underlying Blockchain technology. Deloitte, one of the “Big Four” companies, cooperates well with a Blockchain Startup. The goal is to document the origin of Cannabis the better.
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Blockchain hits Supply Chain
Supply Chain means supply chain and referred to in the business all around the path of a product from manufacture to sale. Many products travel around the world before they are ultimately sold. The cost of coordination is very high. There is a lot of paper to stuff and a lot of different companies need to trust each other.A perfect starting point for the Blockchain, the data is secure, unchangeable, and without the confidence of a middleman can save. This is exactly why Supply Chain in the last few years, in addition to crypto-is an interesting and promising application of Blockchain currencies become technology.
Blockchain project with Deloitte
Also, if Cannabis has not been legalized in Germany, this is done in many countries already. Just for the medical use of Cannabis transparency and safety in the manufacturing process is important in order for the pharmacy and the customer, the quality is guaranteed.Trading on our brokers comparison-winning eToro. You are looking for a reliable and intuitive Broker to trade crypto-currencies, CFDs, shares, Forex, commodities and more? Then let yourself be in our eToro Test in 2019 all of the features explain, what possibilities are given to you here and where is here the Before – and disadvantages are . eToro Test 2019 read now.And now the Blockchain Startup true trace has announced today on their Website that you get together with the “Big Four” firm Deloitte. It deals specifically with the product “strain secure”, which is supposed to track with the help of the Blockchain technology Cannabis from seed-grain up for sale, for buyers and sellers in the origin ensure. The CEO of TruTrace, Robert Galarza, said the following:
The new System will bring more transparency in the Cannabis industry.
Deloitte is one of the “Big Four” firm and has a great reputation and lots of Prestige. An estimated 80% of the Fortune Global 500 companies are the customers of the company. Certainly, this fact will help the Blockchain-project rather than damage.
Blockchain and Cannabis as a popular application
The project between TruTrace and Deloitte is not the only one trying to make the Supply Chain of Cannabis with the help of Blockchain transparent.Yesterday, the technology-focused media portal ZDNet reported that the company “Security Matters”, filed in the United States, a Patent for a similar application.In June, the canadian pharmacy chain Shoppers also started in Mart Drug together with TruTrace a pilot program for the Supply Chain of Cannabis. The project will pursue a variety of medical Cannabis strains, and Doctors, to help you to more effective prescriptions issued, and better information for medical marijuana-studies provide.How do you find a large and well-known companies such as Deloitte is doing with Blockchain Startups? What do you think of the project? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. [Image Source: Shutterstock]