Using Blockchain Technology to Improve the Cannabis Supply Chain
Description: Supply chain is often said to be one of the best use cases for blockchain technology and so I was especially excited to sit down with Dr. Isaac Balbin the Founder of PARSL to learn more about how they are utilizing blockchain technology to improve the cannabis supply chain.
This is the first time I’ve had someone from the cannabis industry on my channel and so I was really excited to learn more about how these two emerging industries are finding ways to co-exist.
We talk through the process of how PARSL works and the Smart Tags they use to bring more transparency of sourcing and different strains. Isaac talks about the issues of misrepresentation in terms of what the end consumer or patient is getting and how it’s not always accurate. This presents a large problem because different strains impact people in different ways and patients depend on the end product being correct.
PARSL is built with the EOSIO code base and Isaac touches on why they chose to go that route because of transaction speeds and financial compliance aspects.
Isaac was as super engaging guest and I think you guys are going to really enjoy this interview! As always, I’d love to hear from you in comments below!
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