æternity Teams Up with Uruguay Can to Track Cannabis Production on the Blockchain

æternity blockchain’s end-to-end supply chain solution provides assurance for Uruguay Can’s cannabis production

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Open-source blockchain for building decentralized applications æternity is creating a supply chain management platform for the cannabis trade south of the equator alongside Uruguay Can, one of South America’s leading cannabis production companies.

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In December 2013, Uruguay became the first country in the world to completely legalize the production and sale of marijuana. With a population of only 3.4 million nestled between two neighbouring giants, Brazil and Argentina (with populations of 208 and 43 million respectively), Uruguay has been an innovator in both recreational and medical marijuana throughout the region.

For Uruguay Can CEO Eduardo Blasina, this partnership with æternity is a significant milestone for the industry.

“We are proud to be the first company in Uruguay that can guarantee the quality of our products in a transparent and verifiable way,” said Blasina.

“The ability to trace the source and the way cannabis is produced is beneficial for both the cannabis and pharmaceutical industry as well as its consumers and end users, who should feel more secure about the product that they are consuming,” added Pablo Coirolo. “This mechanism is ideal for improving the cannabis production process throughout the supply chain, certifying consumer safety while regulations are adhered to.”

æternity Americas CEO Pablo Coirolo explained that blockchain technology can provide security and confidence about the quality of medical and recreational cannabis.

“We want to be the first to offer a business-level solution in partnership with leading technology providers and cannabis producers, processors and distributors,” said Coirolo. “æternity technology is ideal for tracking the entire cannabis production process, from seed to full plant growth, throughout the entire supply chain, which ensures consumer safety while complying with regulations.”

æternity’s implementation allows the registration and tracking of cannabis strains from the seed to the final product, combining the technology of IOT (Internet of Things) and blockchain to enable the possibility to create decentralized applications.

The first phase of the implementation between Uruguay Can and æternity will begin in October and is expected to be completed in January 2020, with full implementation planned for the middle of next year.

æternity is an open-source public blockchain protocol that allows a platform for next-generation decentralized applications and high scalability. Its main components are written in the Erlang functional programming language, and its smart contracts are also functional. Unlike other blockchain platforms, the æternity protocol incorporates several essential technological features. æternity also presents SDK in Javascript, GO, Phyton, Java, as well as middleware and a development suite that optimizes the development of smart contracts.

 

Uruguay Can is a Uruguayan company based in Montevideo that combines experience in recreational, medicinal and hemp cannabis developments in already established projects with a consolidated agronomic team in the first country in the world to legalize the production, with the objective of exporting to all the world an increasingly broad portfolio of products.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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