Big Four auditing firm Deloitte has launched its StrainSecure product in partnership with Big Four auditing firm Deloitte to track cannabis using blockchain technology.
The new system will allow to track cannabis from seed to sale, in order to guarantee that customers and retailers know the history of the product that. It will bring more transparency to the cannabis industry.
The partnership with Deloitte will help the product reach a wider base of stakeholders since the firm claims to serve 80% of Fortune Global 500 companies through its network of member firms worldwide.
This is not the first time of using blockchain technologies in the cannabis industry. As early reported, Panamanian company TheraCann, a leading full service cannabis consultancy and technology firm use a blockchain platform for registration and tracking intellectual property for the cannabis industry.