Vermont’s Agricultural Agency to Use Blockchain Technology to Track Hemp Production | BTCMANAGER
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Vermont’s agricultural regulatory body, the Vermont Agency of Agriculture, Food & Markets (VAAFM) recently inked a deal with a local blockchain-based cannabis company, Trace, to use blockchain technology to track all stages of hemp production. The collaboration will ensure transparency in the cannabis sector.
Tracing Cannabis With Blockchain Technology
According to an official announcement on VAAFM’s website on Monday, February 10, 2020, the agency will employ Trace’s blockchain platform to track hemp in a bid to maintain Vermont’s status as a producer of quality cannabis.
With the use of Trace’s distributed ledger technology (DLT) system which runs on the ethereum network, farmers, processors, and licensed laboratories can register online during the 2020 Hemp Program Registration season.
Commenting on the recent partnership, Cary Giguere, the agency’s Director of Public Health and Agriculture Resource Management, said:
“The Agency is excited to partner with Trace, in developing blockchain technology to administer the Hemp Program’s registration, and crop and product tracking needs to help ensure consumer protection and quality control in Vermont’s growing hemp industry.”
Giguere added that the collaboration between the government and Trace will provide transparency for the cannabis sector, which will prove beneficial for producers and consumers.
The Vermont agricultural regulator further revealed that the state was the first state in the U.S.