This Could Become Our Signature Position:
BLOCKStrain (TSX-V: DNAX)!
There’s a huge shift happening right now, and it involves the fact that cannabis is becoming the fastest-growing consumer product in North America.
My partner and I have been involved with seeding early-stage companies for years. One of the most profitable niches is cannabis, but now the sector is going to become increasingly competitive with the introduction of full legalization in Canada, as well as the full recreational legalization of California, and you’ll see why it’s getting harder for growers and cultivators to continue having fat margins, going forward.
Regulations, inefficient red tape by government agencies, and the overall suspicion with the subject of consumer protection are some of the reasons that make blockchain technology a glove-fit for this sector.
Check this out:
Look at how inefficient the industry is when all the procedures are done in a centralized manner.
BLOCKStrain (TSX-V: DNAX) is an ingenious software company that developed a number of proprietary, decentralized platforms to handle these issues, cut the costs in half, and make its shareholders a fortune in the process.
Monetizing blockchain technology from the genome to the point of sale is an invaluable service, and this back-end product is essential and vital to a growing slew of cannabis businesses.
Now, here’s the real kicker – the Canadian government is making it even more challenging for the cannabis growers to increase their business without using BLOCKStrain’s software.
There’s mandatory testing, which is required by the authorities. BLOCKStrain owns the platform, including lab-testing partners, which make this arrangement fast. Remember, with increased demand, quickly getting the product to the consumer from the field, is becoming critical.
Then, there’s the DNA product validation, where blockchain technology stands supreme. It creates a genetic fingerprint that identifies and validates the product electronically so any participant on the platform, including consumers, can view and track what’s happening with that product from genome to sale.
The major commercial aspect of this is that of Intellectual Property.
BLOCKStrain (TSX-V: DNAX) and its management, in every conversation and email communication, has stressed that this is the real game-changer.
Growers develop and create unique strains, which can become hits with customers, and they need to protect their advantage over the competition.
BLOCKStrain locks data and registers it on the blockchain.
The company will monetize by these five ways:
They will register the thousands of various genomes on the immutable blockchain, thus enabling ownership to exist in a decentralized, cryptographic manner.
Next, they will use their software to make ongoing certifications of validity for all the businesses, which use their platform.
Using a potential ICO and token, companies will be able to license their products to each other, all within this system, utilizing smart-contracts.
The strains and the products will be tracked through the supply chain, a critical aspect of understanding how they reach the end clients.
This is the blockchain at its best – marginalizing the government, strengthening consumer protection, eliminating the middle-man, and increasing efficiency and transparency.
This is what the complete flowchart looks like.
I’ve never been this confident about the validity of an early-stage company.
Take an immediate look at BLOCKStrain (TSX-V: DNAX)!