Blockchain Technology Ideal for Cannabinoid Hemp

Blockchain Technology Ideal for Cannabinoid Hemp

Blockchain technology has experienced relatively slow adoption outside the cryptocurrency space. Blockchain is a distributed ledger that is an ideal method for maintaining collective data integrity.  Entries on the chain are theoretically immutable, and the approach is bound to experience wider adoption as the technology evolves, and as platforms offer greater performance. 

While the technology may not be ready for primetime, the concept is appealing to a wide range of industries.  For banking or medical sectors to replace existing database applications, which are reliable and offer fast transaction time, performance will need to increase substantially.  The Bitcoin (BTC) chain can take as much as an hour to clear a transaction. Alternatives, like Ethereum are faster, but not fast enough. There are dozens of blockchains.  In today’s world, response time will need to be seconds, not minutes.  What is the impetus for…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

05.14.2024

LCFS credit trading volumes, prices decline on week

LCFS credit trading volumes, prices decline on week

California Low Carbon Fuel Standard (LCFS) credit volumes declined sharply while the average credit price moved lower in the week ended Sunday May 12, according to the figures released...

05.14.2024

Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average

Animal fats prices steady on the week; Weekly average DCO 36.89% under three year average

Animal fats prices were flat on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the Fastmarket’s Biofuels...

05.14.2024

Dog, cat food exports for Q1 2024 drop in price, volume year on year

Dog, cat food exports for Q1 2024 drop in price, volume year on year

Animal proteins prices were steady to lower on Tuesday May 14, with limited trade volume reported. Several participants indicated doing trade ahead of the current week due to the...

Latest Tweets