In order to participate profitably in the hemp industry, all stakeholders will require a new level traceability and tracking as well as a near-frictionless payment solution. In conjunction with Platform Co-Creation Partners that include blockchain innovator Algorand (led by Turing Award recipient Silvio Micali) and GlobalLogic (one of the leading software design and development firms in the world), we are developing an innovative Supply Chain as a Service (“SCaaS”) management platform that will interlink stakeholders in the hemp industry and will enable users to among other things: develop important market insights; validate participants; verify products; easily transact with others through the use of one or more stable cryptocurrencies; and have access to portals for required regulatory compliance. HempTraxx will provide an immutable, transparent, and cost-saving solution that is flexible in the ever-changing regulatory environment designed to drive the evolution of Hemp as the first “blockchain native” industry.
HempTraxx will bring transparency, trust and ease of transaction to the hemp industry through:
Tracking every aspect of production from seed genetics, COAs, Licensure, Organic Certifications, ethical farming production practices, extraction, isolation of molecules and retail products .
Providing real time inventory tracking, products in process, shipping and inventories.
Instant proof of funds
Providing product safety information
Verifying the real cost of a product
Allowing transactional enhancements
Allowing for product recalls
Securing transactions through “smart contracts”