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The use of blockchain technology in intellectual property rights management is a well-known application. There are plenty of startups and established companies working on creating platforms for patents and copyrights management using distributed ledger technology. While the cryptocurrency platforms anticipated the music and film industry to be their leading customer, marijuana growers in the United States have proved it wrong.
In a growing trend, more and more marijuana growers from across the United States are now rushing to get their strain of Mary Jane registered on the blockchain. Making it possible for growers from across 25 marijuana legal states in the United States is Medicinal Genomics. The company based out of Massachusetts is a molecular biology and genomics lab involved in the creation of a repository of cannabis genomes. After conducting DNA analysis, the genome information is recorded on the Bitcoin blockchain. In addition to the creation of cannabis genomic repository, Medicinal Genomics also tests marijuana plants to find their cannabinoid content and any microbial contamination to ensure compliance with existing regulations.
Along with quality control, the Marijuana strain registry being created by Medicinal Genomics also helps standardize the industry. In order to get their strain tested, marijuana growers
Read more ... source: NewsBTC USA
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