Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

New COA system addresses need for reliable traceability in cannabis

ACS Laboratory has expanded its longstanding partnership with Blockticity to create a transparent Certificate of Analysis (COA) verification system.

This initiative ensures that COAs authenticated by Blockticity, from cannabis and hemp to a wide array of industries, are verified and securely recorded on the Avalanche blockchain – a decentralized, open-source proof-of-stake blockchain with smart contract functionality.

As evidence of this collaboration's potential, ACS Laboratory has minted 36,750 COAs on Avalanche's EVM-compatible C-chain, representing a retail value of $275,625,000.

Given vulnerabilities like QR code tampering, visual modifications, and data alterations, the credibility of COAs is often compromised. Blockticity's solution ensures COAs have consistent, verifiable proof by anchoring them to the Avalanche blockchain. Companies can then access the report using the QR code, tracing it back to the original laboratory client.

The lack of a robust track and trace system is prevalent across many industries. In response, ACS Laboratory, Blockticity, and 3Chi embarked on a mission in November 2021, launching the sector's initial hemp COA as a Non-Fungible Token (NFT).

Building on this, Blockticity is now setting the pace by automating the ACS Laboratory COA verification system for consumers and patients, enterprises sourcing raw materials and verifying lab results, law enforcement units, and media representatives.

"We're pleased to join forces with Blockticity once again, harnessing this avant-garde technology for our esteemed clients," said Roger Brown, president of ACS Laboratory. "This technological leap allows any COA viewer to trace its origins and detect any discrepancies. This venture could pave the way for a comprehensive global tracking mechanism, reinforcing the credibility of certification processes backed by the Avalanche blockchain."

For more information:
ACS Laboratory
www.acslab.com



Blockticity
blockticity.io

Publication date: