NFT Authentication in the Cannabis Industry
Santo Blockchain Labs, a Blockchain-as-a-Service (BaaS) firm, has introduced a brand new initiative. The plan? To create a hashish Non-Fungible Token (NFT) clone authentication and traceability sensible contract. The collaboration is with Planta Vida and can happen on the CHIMBA blockchain.
The intention is to include NFT expertise into hashish seed traceability. This guarantees a spread of options. Amongst them are NFT creation, seed certification, NFT possession switch, provide chain monitoring, and extra. Verification and authentication are additionally main parts.
NFTs as a Use-case in Hashish Trade
CEO of Santo Blockchain Labs, Frank Yglesias, defined the function of their DNATags QR software program. This instrument, Yglesias mentioned, will probably be key in creating uniquely designed NFTs. Their objective? To certify and authenticate clone hashish seeds. {The marketplace} for these NFTs would be the CHIMBA NFT Mercado. It’s anticipated to launch within the third quarter of 2023.
Planta Vida has a major function within the venture as effectively. The group holds a license for 116 hectares of land in Yacopi, Cundinamarca, Colombia. The land is designated for cultivating each psychoactive and non-psychoactive hashish. Moreover, Planta Vida present the rising hashish market with secure, ecologically pleasant wellness merchandise. Plus, the corporate provides employment and social advantages to the neighborhood, like training, well being, housing, and safety.
The CHIMBA blockchain is central to this venture. This expertise, Colombia’s first layer-one blockchain, was developed on the COSMOS NETWORK. The goal of CHIMBA is to empower native builders. It gives a decentralized community that allows the creation of purposes or unbiased blockchains within the CHIMBA ecosystem.
The initiative by Santo Blockchain Labs brings a one other utility of NFT expertise to the forefront – the hashish trade. By implementing NFTs for hashish seed traceability, this venture not solely highlights the adaptability of blockchain expertise but in addition factors to the wide-ranging potential makes use of of NFTs past their widespread utility in digital artwork and collectibles.
This growth might influence numerous industries by offering authentication, certification, and provide chain monitoring options. As extra sectors uncover the distinctive capabilities of NFTs, we’re positive to see much more purposes sooner or later.
