Blockchain belongs everywhere!

in LeoFinance2 years ago


When you see the opening photo for this post you might think it is about a certain something. The fact is, you would only be partially correct. My wife and I were driving into work this morning and she mentioned a conversation she had with one of our co-workers the other day.

You see, we both work for a school district in a small town in Michigan. The city itself has taken a negative stance on commercial cannabis. In contrast, the surrounding township has taken a much different track. Welcoming them with open arms we now have one of the largest grow and production facilities in the state within five miles of our campus.

Additionally, there are quite a few smaller grow operations that have popped up here and there. We pass at least three of them after we get off the expressway and make the short drive into town.

I was going to link to the major one, but they have some pretty specific language on their website about who is able to hyperlink to them and all kinds of other rules and regulations. I will just say the name of the company starts with a "P" and ends with an "anna".

But I digress...

As I mentioned, my wife was talking to our co-worker and she mentioned that she had applied for a job at the major operation alluded to above. She said in the interview that their company relies mostly on spreadsheets to accomplish much of their record keeping. They said that many companies don't offer software for the type of stuff they do. I am guessing this is mostly due to the fact that cannabis is still federally illegal. Who knows though.

I also remember hearing that there is a very strict and specific chain of custody for the plants in each of these grow operations. In one of the informational meetings before they built the facility they explained that each plant is bar coded and every action on the plant of movement of the plant is recorded.

This got me thinking about blockchain. If there were some developer out there or at the very least someone much smarter than me, they could probably make a killing creating and marketing the proper piece of software to these companies/industries.

Blockchain seems like it would be the perfect platform to build something like that on. With chain of custody being such a huge part of their business, having a immutable record of every "transaction" just makes a lot of sense to me.

I think it is pretty clear that blockchain is working its away into many sectors and businesses.

So there you go, if you are a developer or the enterprising sort, you can thank me later! I accept Hive, WAX, and BTC!


Sports Talk Social - @bozz.sports


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Yea everything is recorded directly in the blockchain and it works wonders for transparency. I don't see why it wouldn't be a valid use.

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I agree!

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This made me think of the Beef industry in Canada. When a calf is born, within 24 hours, it gets an ear tag. That ear tag has an RFID in it that gets scanned every time a vet examines the animal, then when the animal is leaving for the slaughterhouse, then the tag is "retired" at the slaughter house.

Just like weed (legal in Canada), that whole process could also be a beautiful opportunity for Blockchain developer.

I did a quick search and couldn't find the same thing with the USDA, but I imagine it's there, I just couldn't find it.... or maybe it's at the state level...

Yeah, that makes a lot of sense to me. I think there are a lot of things that blockchain would be perfect for. It is just crazy to me there is no existing software. This is the perfect opportunity for the right person to get their foot in the door.

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The only risk I see is the transparency issue. The specific example is that with the blockchain, any entity (good or bad) would be able to see the location of all products at all times. So the developer would need to work on a form of encryption to obfuscate the specifics unless you purchased the software and obtained your key. But ... there are some brilliant minds out there that could resolve that in the amount of time it took me to write this. ;-)

Yeah, I think there are some private blockchains that also have some use cases here. Say if you have several locations you could still make it somewhat "decentralized". Spin up a node at each office and just have them verify against each other.

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I chatted with a couple chain developers over lunch and one mentioned As a blockchain solution that's progressing in this space. (But not necessarily Marijuana related).

I know you weren't actually looking for a solution ... but the more data points, the better.

Yeah, for sure! That is really cool! They should let their marketing team know there is a potential untapped sector just waiting to be conquered!

People will realize that the basic use case for blockchain is as a ledger. It is great for tracking things. That is why many supply chains are moving to it.

Cannabis would be well served if it incorporated it into the industry.

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I totally agree. I hope someone takes this idea and runs with it. It could turn out very well for them!

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