Cannabis-Tracking on the Blockchain: Soon also in the US Drugstores?

The use of the Blockchain for the Tracking of medical Cannabis arouses international interest. Canada also pharmaceutical chains in the United States are now considering the seemingly, to use the Blockchain technology for it. In a pilot project the largest canadian drugstore chain Shoppers Drug Mart about 1,300 pharmacies will take part. While Blockchain-Tracking of pharmaceutical products for some time now, attention in the health care sector, the application of the technology in the case of Cannabis new. According to Shopper-CEO Weisbrod you could revolutionize the industry.

From Polina Khubbeeva
18. June 2019BTC$and 9,158,00 -1.47%part Facebook Twitter LinkedIn xing mail

The legalization of Cannabis in Canada is also on the Blockchain-industry in the country. For example, Canada's largest pharmaceutical chain, Shoppers takes Mart Drug together with TruTrace Technologies Inc. in a pilot program for the Tracking of medical Cannabis on the Blockchain part.

The collaboration are approximately 1,300 pharmacies across the country. You can use the Blockchain technology to Cannabis-verify products and to keep track of. Now, big US Drugstores such as CVS Health Corp. and Walgreens Boots Alliance Inc to. for the procedure of interest.

revolutionizing the Cannabis industry?

"This is the future of medical Cannabis in the world," proclaims Shoppers Vice President Ken Weisbrod proud of the World Cannabis Congress in Saint John, New Brunswick. The economic media Bloomberg on may 17. June, reported that make use of soon American drugstore chains block chain-based Tracking systems for medical Cannabis.

Also TruTrace, the IT-company based in LA, which is involved in the Shopper-a pilot program in Canada, is optimistic. In particular, since the legalization of Cannabidiol in the United States a gap in the market for Blockchain security system. Because some of the products had a low (or even non-existent) content in CBD. Market giants like CVS and Walgreens need reliable verification procedures for their Cannabis products.

"We hope that the success with Shoppers will lead to a similar relationship with the Walgreens and CVSs of this world," says TruTRace-CEO Robert Galarza in an Interview on the sidelines of the Cannabis conference. "There is still skepticism on the part of the medical industry and we will try to help you to eliminate this; All of this information broken down. Information is Power, data is Power.“

in order Galarza plays on the industry, revolutionizing effect of distributed storage systems. In fact, health Economics is interested in longer on the Blockchain technology. In addition to innovative approaches, for example, in the fight against counterfeit Drugs, but there are also critical restraint. An example of this is the statement by the German Minister of health, Jens Spahn, who holds the Blockchain technology, not researched enough, to apply them in the national health administration.

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