Blockchain technology is regarded by many as a potentially revolutionary concept that can positively impact many industries. Today, the technology is increasingly accepted and many companies are already connected in some way to the decentralized database.
So is a California-based cannabis farm under the name Medocino Clone Company. The company was named in a collaboration announcement of the EMTRI project and technology company Global Compliance Applications on January 13.
Blockchain use
Namely, it will leverage the project’s blockchain capabilities to certify all clones, or baby plants, with a batch certificate. This ensures that the nursery is able to “document the early stages of a cannabis plant’s journey to becoming a premium consumer product based on grammage.”
Cannabis nurseries are companies that specialize in plant genetics, clone and baby plants, and produce seeds for wholesale distribution.
The batch certificate is a self-generated smart contract for each clone batch. This provides each plant with its own ‘unique identity block’, created by the nursery and tied to its Ethereum (ETH)-based blockchain. In turn, the customers can use this batch certificate to verify the authenticity of their clones and their genetic lineage.
EMTRI co-owner Scott Zarnes had this to say about the new partnership:
“We are excited to be at the forefront of the cannabis industry and become the first in the United States to adopt this advanced technology in this way.”
The first round of certificates will be available from the first week of February.
EMT crypto
The EMTRI blockchain app issues new EMT reward tokens to the growers and distributors when their ‘safe’ cannabis is sold. Members are then free to export EMTs from the blockchain to the Ethereum mainnet, where they can be sold for USD Coin (USDC) on Uniswap.
EMT was launched in November 2022 and is not listed on centralized crypto exchanges or analytics platforms like CoinMarketCap or CoinGecko.