NEWS: LGC in China launching global supply chain......for marijuana using blockchain.
Highlights
- LGC is implementing a strategy to create a new workable and transparent global cannabis supply chain platform.
- The platform will be aimed at enabling a global transparent payment record for cannabis product, supply and payment.
- The goal is to provide a new efficient platform that can be used for regulatory compliance purposes with government entities, give assurance to consumers on product sourcing and quality, and offer an efficient and compliant payment infrastructure for producers and retailers.
- LGC is planning to use blockchain technology to provide a reliable and global supply chain register and smart contract framework, and to use Internet of Things ("IOT") technologies to track physical product across the supply chain.
https://www.newswire.ca/news-releases/lgc-launches-initiative-to-establish-global-cannabis-blockchain-platform-669525623.html