The hemp and cannabis industry is on the verge of a massive transition.
In a recent decades, almost every agricultural industry has used data to drive efficiency and innovation.
Greenblock Coin will launch the Greenblock cryptocurrency in Q3 2018 along with the Greenblock Traceability blockchain and App in Q2 2019.
The GBK tokens will be exchangeable and be listed on exchange markets as Idex, Waves Dex, Bisq and more .
The blockchain with the personal virtual assistant for the management and traceability of hemp and cannabis related businesses will make possible to provide traceability for each plants , from seed to finish product as required by law since July 1st 2018.
The growing regulation under Prop.64 require serial numbers and RFID tags who will be assigned to each batch of young plants , as individual plants are tagged later in the process.
This database will give the state real time monitoring into the inventory at all location, each number holds product information linked to an on line file that contains informations such as strain, propagation method, location, intended use and number of plants at each stage, that will required to tag millions of plants a year.
Also included in the track and trace system are the purity results from testing labs, which screens for pesticides and toxins.
Hosting the track and trace database thru the blockchain guaranty transparency, speed of sending data and values, decentralization and security.