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IBM urges British Columbia to screen for legal marijuana in a Blockchain

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Technology giant IBM advised the British Columbia government to make a profit. use blockchain technology to track the entire supply chain of legal marijuana.

As Canada prepares for the legalization of non-medical recreational cannabis next year, the American tech giant IBM has urged the BC government to adopt blockchain technology to follow the chain of Supply of marijuana, seed for sale.

In his letter to the BC The government's public consultation on the regulation of cannabis, writes IBM in a document, now available on the government's website:

IBM suggests that Blockchain is an ideal mechanism in which British Columbia can seamlessly capture the history of cannabis throughout the supply chain, ultimately ensuring consumer safety while exercising regulatory control.
Blockchain technology will help ensure the health and safety of consumers while preventing product fraud and counterfeiting, IBM said, pointing out that blockchain technology is "one of the technical disruptions of the decade." By ensuring that the provincial government takes control of the supply, pricing and sale of products, producers will also benefit from real-time inventory management and knowledge of the industry. supply and demand.

IBM is a major precursor in blockchain space, providing commercial platforms for business and government services. Still, IBM's bid does not publish its own blockchain offerings, instead choosing to highlight the benefits of adopting blockchain technology for the legal marijuana industry.

"An interconnected Blockchain network can help retailers identify gaps in supply and demand, mitigate these gaps, provide feedback mechanisms to producers, and use data to create predictive perspectives ".

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