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Medical Marijuana and Man Writing in Ledger

IBM Pushing Blockchain to Track Marijuana Sales

Companies are using the digital ledger technology popularized by bitcoin in banking, insurance, and contracts—but how about using a blockchain to track marijuana sales? Canada is planning to legalize cannabis sales next year, with some regulation of distribution and retailing done at the province level, following the same model used for tobacco and liquor. So when the government of British Columbia asked for suggestions about everything from age minimums to retail store rules, IBM came up with an innovative idea: use a blockchain.

Fortune

 

Read About Paragon, Another Company Already Offering to Use Blockchain to Track Cannabis Product

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