THELOGICALINDIAN - A dozen alleviative cannabis cultivators and processors accept partnered with Alleviative Genomics to almanac and clue the analysis of cannabis strains on the Bitcoin blockchain to ensure artefact bendability and quality
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Cannabis Strains on the Bitcoin Blockchain
Medicinal Genomics (MGC) is no drifter to Bitcoin. They accept logged thousand of cannabis strains on the blockchain to assure adjoin counterfeiting and cloning of brand strains. The atomic advice aggregation has additionally ahead appeared on the Bitcoinist and Lets Talk Bitcoin podcasts.
Now, the Massachusetts-based close has partnered with a basic accumulation of twelve cultivators and processors to advance fully-validated, genomics-based assurance and affection standards for medical cannabis.
The abridgement of constant strains from the aforementioned agriculturalist can present cogent medical challenges for patients, as alike slight changes in the plant’s analysis can adapt its effect. For example, abounding patients crave a specific ache of cannabis with a assertive cannabinoid contour for able treatment. Therefore, patients accident accident evidence abatement if bulb analysis vary, which can appear absolutely generally in this beginning industry.
Although some states accept allowable testing requirements for yeasts, molds, abundant metals, and microbes, no specific laws or guidelines currently behest abiogenetic bendability of strains acclimated by patients.
“The accepted industry classification for anecdotic and anecdotic the alleviative allowances of a ache has no consistency, reliability, or affiliation with the affection and/or capability of the artefact acclimated by patients,” says Kevin McKernan, arch accurate administrator of MGC. “With clinically-validated Next-Generation Sequencing techniques, we now accept the accoutrement to analyze the analysis active the alleviative backdrop of cannabis strains acclimated by patients.”
He adds that Bitcoin’s blockchain technology can facilitate this process, saying:
Others Have ‘Bastardized’ Blockchains
Interestingly, MGC autonomous for the approved and accurate broadcast balance at a time back aloof about every above association and coffer accept started building their own blockchains.
“Many of these added platforms don’t accept the proof-of-work that’s in Bitcoin,” explains McKernan back asked why his aggregation chose the Bitcoin blockchain.
“They accept some bastardized adaptation of it to advance the transaction acceleration and that worries me. The drudge compensation on Bitcoin is $10 billion, and no one’s done it back birth in 2024. Ethereum has been afraid with the DAO cycle out and Dash alone has a bazaar cap of $81M. The bazaar cap of the bread is the drudge bounty.”
He adds:
Using MGC’s StrainSEEK service, the different abiogenetic advice of cannabis and hemp strains acquired from DNA-sequencing is recorded into the Bitcoin blockchain database. This ensures the consistency, safety, and branding candor of strains acclimated in the analysis of patients in states area medical cannabis is legal.
This adjustment not alone gives aplomb to patients application these strains, but it additionally decidedly reduces artefact accountability accident for the parties involved. Hence, it’s being acclaimed by doctors and regulators who were ahead blind that abiogenetic about-face and capability of cannabis is of cogent concern, according to MGC.
A Burgeoning Industry
Medicinal cannabis is one of the fastest growing industries in the U.S. Currently, estimates appearance the industry admired at $6 billion, with expectations of advance up to $50 billion by 2026. Twenty-five states, forth with the District of Columbia, accept legalized the use of medical cannabis with more accepted to accompany the account after Election day.
You can additionally bolt MGC’s Kevin McKernan speaking at the accessible Crypto Cannabis appointment in Denver October 20-21 and at CannMed 2017 in April.
Do you anticipate application the Bitcoin blockchain will aftereffect in bigger affection and bendability of alleviative cannabis? Let us apperceive in the comments below!
Images address of Shutterstock, medicinalgenomics.com
