TruTrace Join Hands With Deloitte to Track Cannabis Using Blockchain

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Blockchain following startup TruTrace Technologies Inc. has banded together with “Enormous Four” inspecting firm Deloitte to follow cannabis utilizing blockchain innovation.

Contributing news outlet ProactiveInvestors provided details regarding Sept. 4 that TruTrace is propelling its StrainSecure item in the organization with Deloitte. The framework utilizes blockchain innovation to follow cannabis from seed to deal, so as to ensure that clients and retailers know the historical backdrop of the item.

TruTrace CEO Robert Galarza said that the new framework will carry more straightforwardness to the cannabis business.

The organization with Deloitte will purportedly enable the item to arrive at a more extensive base of partners since the firm professes to serve 80% of Fortune Global 500 organizations through its system of part firms around the world.

Blockchain tech for cannabis supply chains

This isn’t the principal activity that intends to utilize decentralized record advancements in the cannabis business. As Cointelegraph detailed yesterday, Australian Securities Exchange-recorded firm Security Matters has documented a patent application in the United States for a blockchain framework to safely deal with the cannabis store network.

In June, Canadian drug store chain Shoppers Drug Mart collaborated with TruTrace to dispatch a test case program for the cannabis production network. The program will follow different restorative cannabis strains and will enable specialists to issue increasingly viable solutions and give better data to therapeutic pot clinical preliminaries.

Info Source: Cointelegraph


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