RE:RE:Phone interview In addition to WeedMD, several other licensed producers are expressing interest in signing on with BLOCKStrain. While these clients will obviously generate revenue, the company won't be relying exclusively on large enterprise clients for it. That's because its revenue model is built largely on volume and incremental usage.
The way it works is every user of the system will pay reasonable fees based on what parts of the blockchain they want to access, or which of its features they want to implement.
These include craft growers who want IP protection, individuals who want to make sure the product they're buying is pesticide free, dispensaries that want to track where a product is in the testing cycle, and government agencies that want to verify the completion of tests.
In an industry where one strain can be worth millions of dollars, the potential earnings for a company that protects these strains could stand to earn big. "And as a technology company we can scale as global markets open up," he said. "It's a system that we aim to integrate worldwide."