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TruTrace Technologies partners with LeafWorks to create blockchain-secured platform for cannabis supply chain validation

Published: 10:02 29 Jul 2021 EDT

cannabis
It will provide the means to secure sample tracking, batch consistency, DNA-level quality control via the blockchain and offer traceability throughout the supply chain

TruTrace Technologies Inc. has signed a letter of intent with AgTech genomics company LeafWorks Inc. to create a blockchain-secured platform for supply chain validation to meet the growing standards in the cannabis industry. 

LeafWorks’ proprietary supply chain certification service is a DNA-based testing method that tracks and verifies a client’s cannabis material as it moves across the supply chain. 

LeafWorks’ third-party verification service tracks samples, assesses batch consistency, incorporates DNA-level quality control measures, and mitigates fraud both in and out of a client’s supply chain.  

READ: TruTrace Technologies appoints Robert Lelovic as its chief financial officer

TruTrace said it will provide the means to secure this information via the blockchain and offer traceability throughout the supply chain, giving cannabis cultivators a critical tool for incorporating validation testing into their operations to meet US Food and Drug Administration (FDA) and cGMP-level compliance.

“As the cannabis and hemp industries continue to evolve, it will be absolutely vital for manufacturers and cultivators to provide validation within the supply chain,” said LeafWorks Co-Founder and Chief Scientific Officer Kerin Law in a statement.

“Whether via the implementation of regulations or commercial standards, we are leading the market with data-driven solutions to meet the demands of a maturing marketplace.”

TruTrace CEO Robert Galarza added: “The days of cannabis prohibition are numbered, and the roles of cannabis in both medical and recreational settings will continue to gain acceptance. For cultivators, this means taking a mature approach to their supply chain in order to meet the growing demands of larger distribution partners. This partnership provides a foundation for continued advancement, as the extensive testing and profiling provided by LeafWorks will now be secured on the immutable ledger of the TruTrace blockchain.”

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

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