Canada’s Shoppers Drug Mart Completes DLT Pilot for Cannabis Tracing | BTCMANAGER
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Shoppers Drug Mart, a leading Canadian retail pharmacy chain with more than 1,300 stores across the region, has successfully completed the first phase of its distributed ledger technology (DLT) pilot for the tracking of clinical cannabis from genome to distribution, in collaboration with its software partners, TruTrace, according to a press release on August 14, 2019.
Shoppers Tracing Cannabis with Blockchain
In a bid to foster transparency, interoperability and enhance product identification within the medical cannabis ecosystem, Shoppers Drug Mart has collaborated with TruTrace, a DLT-powered platform that claims to track intellectual property for the cannabis industry, to complete phase 1 of its blockchain pilot that aims to seamlessly verify medical marijuana.
As stated in its press release, following the successful execution of the first phase of the blockchain-based medical cannabis verification pilot, Shoppers is now looking to conduct phase 2 of the project in alliance with Deloitte Canada LLP and TruTrace.
Per the team, phase 2 of the pilot which will go live later in November 2019, will adopt the TruTrace StrainSecure solution, as well as Deloitte’s project management and advisory system to formulate a unified approach to medical cannabis standards.
That’s not all, the phase 2 of the cannabis traceability pilot will also seek to open its doors to licensed cannabis producers and other credible stakeholders in the medical cannabis industry and ultimately establish a robust platform capable of tracing all cannabis product history from genome down to distribution.