BLOCKStrain Technology (TSXV:DNAX) CEO Robert Galarza that some of the key issues in the cannabis supply chain are tied to the lack of visibility into where product comes from and how it is produced.
With the upcoming launch of their platform, BLOCKStrain will offer an easily integrated blockchain solution that tracks cannabis through the supply chain.
In the interview below, Galarza discussed the company’s technology solution and how it will play a key role in the cannabis industry, servicing both licensed producers and micro cultivators alike. He also addressed the company’s partnerships with key players in the marketplace and how they will iwork with BLOCKStrain moving forward.
Below is a transcript of our interview with BLOCKStrain CEO Robert Galarza. It has been edited for clarity and brevity.
Investing News Network: Please give our investor audience an overview of BLOCKStrain and its proprietary blockchain technology for the Cannabis space.
BLOCKStrain CEO Robert Galarza: At BLOCKStrain we have developed a verification and supply chain management platform. We want to empower consumers with information regarding what they are getting in cannabis products. We also try our best to give back to the cannabis industry in a similar way as other companies who are doing their part to grow the industry. Some of these companies offer aid and support to new businesses through cannabis recruiting, accounting, and IT support within the industry.
We have been able to mirror our technology on the front end from an automation point of view, embedding it within laboratories conducting genetic and microbial chemistry testing. As such, we have essentially digitized the testing component, a crux point for the integrity of the cannabis industry.
Our goal is to build a framework for licensed producers (LPs) as well as micro cultivators that are entering into the newly legalized ecosystem, helping them to easily and inexpensively move their products through testing procedures. We then place that testing data on the blockchain for immutability and intellectual property protection, and then feed that information through the ecosystem for full visibility into the supply chain. This information remains available to consumers and regulators, so that they can see whether the product is clean, safe, pesticide-free and more…
