As the Canadian Government's Cannabis Act finally legalized Cannabis on October 17, 2018, Greenstream is poised to provide a comprehensive technology solution to the Canadian Cannabis industry. This might just be a very lucrative ‘niche' in the market now that Canada virtually sold out of weed merely one day after lifting the prohibition.
Greenstream is developing and commercializing a blockchain-enabled supply chain integrity platform to ensure the safe, legal and authenticated flow of products and value through the cannabis market. It has made significant progress on the development of its technology and related infrastructure since its acquisition by BLOK Tech in January 2018.
“We are pleased with the progress of the Greenstream Network as the industry moves towards full legalization,” said BLOK Tech CEO Rob Dawson. “Greenstream is developing and will commercialize a multi-component payment and supply chain integrity system to ensure the industry can effectively operate in this complex regulatory environment with multiple jurisdictions in Canada and beyond.”
In August 2018, Greenstream successfully completed a deployment of its payments network and applications to the Oracle Cloud Infrastructure, as part of the previously announced strategic relationship with Oracle on July 11, 2018.
The deployment has been fully tested and optimized by the Greenstream technical team and the platform, including a demo environment, are running smoothly and at a speed that is scalable. This represents a key milestone in the platform’s development in that it is operating in multiple environments, including the world-class infrastructure provided by Oracle. It provides a proof-point for the technical excellence of the system and assurance to the Cannabis industry that the Greenstream Network is enterprise-ready. It is further proof that Greenstream is a key step closer to having an enterprise-grade platform for integration with major customers through the Oracle Scaleup Ecosystem.