Verified Organic has kicked off the first phase of a project that tracks organic hemp production for Integrated CBD from seed to sale, using the Ethereum blockchain. This has launched in partnership with Treum, (formerly Viant.io), a supply chain platform backed by ConsenSys.
The aim is to ensure quality, reduce fraud and improve compliance in the organic agriculture supply chain. Here’s how it works: To input data about the planting process, Treum developed the Verified Organic Web platform for managers and the mobile application that works online and offline for farmers. Integrated CBD managers can use the web-enabled blockchain platform to register organic certificates and manage assets like seeds, crops, fields, fertiliser, pesticide, and equipment.
With its offline functionality, the mobile application enables farmers to continuously capture data, even when internet connectivity might be poor. Data is then cryptographically hashed to the public Ethereum blockchain. Due to the immutable and distributed nature of blockchains, users can view and trust the claims about the hemp or resulting CBD oil, from seed to sale. Each step of the farming process recorded in the mobile application has additional documentation tagged to it including paid invoices, COA’s, third party lab tests, and additional certifications.
“On 7th June, Integrated CBD’s farming team used the Verified Organic mobile app to record the first hemp seed planting in Yuma County, Arizona, and it could not have gone smoother,” says Jenny Vatrenko, Verified Organic’s President. “The Treum team’s hard work in building an exceptionally intuitive application ensured that we went live without a hitch. And now the very first hemp crop planted in Arizona since the passing of the Farm Bill is being tracked using Verified Organic, allowing consumers to know exactly what inputs went into the growing and processing of Verified Organic CBD.”
According to Jeff Dreyer, Integrated CBD’s COO: “The CBD market is expanding rapidly, and we are looking forward to providing our customers with the highest quality, sustainably grown products available, using Verified Organic’s blockchain technology to foster trust and transparency in our organic farming and extraction process.”
“Blockchain networks enable supply chains to operate with a level of transparency and accountability that consumers have been increasingly demanding, but have previously been unable to attain,” says Joseph Lubin, Co-creator of Ethereum and Founder of ConsenSys.
“We are excited about Treum’s partnership with Verified Organic, and look forward to the re-engineering of trust between mass consumers and global producers who manufacture, trade and distribute the goods we use every day.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.