Cryptocurrencies
Pot Industry, Blockchain Working Together to Prove That's Really CBD in Your Water
- Blockstrain uses blockchain to verify cannabis genetics
- Partnership marks company’s first foray into U.S. CBD market
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Cannabis and blockchain often draw comparisons for the wild volatility they bring to markets, but one company is attempting to show that a combination of the two can provide a measure of stability for consumers.
Vancouver-based Blockstrain Technology Corp. uses blockchain to verify cannabis genetics and assure consumers that they’re getting what they think they’re getting. The Canadian company announced its first foray into the U.S. Tuesday, signing a letter of intent with Los Angeles-based NXT Water LLC to develop and launch Akeso Functional Fitness Water, a CBD-infused drink that markets itself as the “first-ever fully transparent beverage.”