With big business always comes a demand for more thorough records, whether today for internal and tax accountability or tomorrow for investors, IPOs, mergers, acquisitions, and more.
Enter blockchain.
This new technology is built from the ground up to prove and protect the authenticity of every transaction it monitors, and is a perfect solution to tackle the problem of cannabis accountability.
Each block has its own complex hash to keep it safe from intrusion and tampering, and the ledger as a whole is reproduced in its entirety on the system of everyone involved in the operation.
Blockchain is unique in that the data written within it is reproduced identically across the systems of everyone involved in a project, thereby creating peerless traceability that the cannabis industry needs as it moves into broader legalization around the world.
Tampering with records without getting caught becomes impossible, supercharging the security and trustworthiness of an industry that remained underground until just years ago, providing a quantum leap in the reliability that the industry needs in order to transition to prosperity beyond where it currently operates.
And this is only one example of the unique way blockchain can make the cannabis industry more efficient and future-proof, using blockchain to ensure that everyone is equally informed of all developments and that all data is both accurately recorded and secured.
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