Since early 2020, The Hemp Blockchain has been working tirelessly to create “a blockchain-native supply chain management solution for the industrial hemp industry.” In the two years since its founding, The Hemp Blockchain has partnered with commercial hemp farmers around the globe to leverage the plant as a viable and sustainable resource that can be utilized across multiple industries, including construction and manufacturing, with the potential to help decrease material waste and pollution and help protect the future of our planet.
For Steve Prosniewski, COO of The Hemp Blockchain, getting people to understand the key differences between hemp and cannabis has been one of the biggest challenges in getting the company off the ground two years ago.
“When the US hemp industry got its start four years ago thanks to the Farm Bill, it came out of the gates and fell flat on its face,” Prosniewski says. “There wasn’t a demand to buy the products. The Hemp Blockchain realized that hemp had a lot of potential and has the ability to do a lot of different things, like serving as a material to make plant-based products and removing carbon from the air. It’s a lot like the movie ‘Back to the Future,’ where we’re grabbing a plant that was outlawed for suspect reasons, and we’re using it as a tool we can use now and into the future.”
In the 1940s, Ford Motor Company created a car that ran on ethanol made from hemp, Prosniewski says. “We think that if we jump on the bandwagon, we can help solve important climate issues by incentivizing people to cultivate hemp. Right now, there’s no one else doing what we’re doing.”
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