Blockticity is using the Avalanche blockchain to mint NFT certificates of analysis (COAs) for the hemp and cannabis industry. With $275 million worth of certified products, Blockticity is bringing trust and authenticity to the industry.
Blockchain-supported certificates of authenticity
Blockticity is bridging the gap between authenticity and transparency in the hemp and cannabis industry by utilizing blockchain technology. The startup has minted certificates worth $275 million using Avalanche, a tier 1 blockchain.
The genesis of Blockticity’s certification minting process
Blockticity began its journey into blockchain-based certification with the development of a COA coinage system. The first batch of COA minting, valued at $275 million, includes products such as hemp, psychedelic mushrooms, and kratom. These COAs are stored in the ACS Laboratory, a major testing center in the United States.
Blockchain’s role in source tracking
Blockticity’s integration of Avalanche NFT ensures the integrity of COAs and enables traceability. Companies can scan QR codes on their products to retrieve authenticated reports from the blockchain, providing irrefutable proof of their source. This partnership between Blockticity and ACS Laboratory aims to improve supply chain transparency and product authenticity in the cannabis industry.
Hot Take: Revolutionizing hemp and cannabis certification with blockchain technology
Blockticity’s use of blockchain technology in the hemp and cannabis industry marks a significant milestone. By addressing authenticity and transparency challenges, this startup is reshaping product certifications. The collaboration with ACS Laboratory continues to advance, promising even greater improvements in ensuring the integrity of hemp and cannabis products. Blockticity’s journey showcases the transformative potential of blockchain technology in revolutionizing industries one NFT at a time.
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