HashCash Traceability Solutions Implemented by a Major Pharma Company to Track Hemp & Cannabis Supply Chain
Key Challenges
- Compliance required by corporate buyers
- Poor seed-to-sale tracking
- Lack of transparency
- Fraud and counterfeiting
Blockchain Integrated Solutions
- Improve record keeping: Blockchain records are immutable and harder to hack
- Provide seed-to-sale tracking – a common requirement among growers and retailers in legal U.S. marijuana markets
- Help marijuana companies obtain loans from financiers
- Storing the Genotypes of different Cannabis Strains
Innovate with HashCash
- HashCash solution uses Blockchain technology which eliminates the need to do reconciliation
- HashCash solution is used by 100+ clients globally including banks, FIs, companies in supply chain, manufacturing, gaming, Enterprises and Government verticals
- HashCash solution can handle 1 million payment transactions concurrently
Lowered Operations Cost
- Improved transparency and compliance helped expand the market reach
- Reduced multi party reconciliation costs
- Lowered rate of fraud and counterfeit - lesser spending on fraud prevention measures
- Reduced administrative costs
- Reduced administrative errors related to processing
