Liberty Leaf Holdings (CSE:LIB; OTC:LIBFF) announced the start of its partnership with Blox Labs (CSE:BLOX) to develop a blockchain-based supply chain management platform for the cannabis industry.
As quoted in the press release:
The cannaBLOX Blockchain software will aim to ease and obliterate logistical bottlenecks, ensure product safety and quality of supply, minimize fraud and potential criminal activity, and assist with taxation and regulatory compliance across various levels of government within the legalized Cannabis marketplace. Phase 1 development of cannaBLOX has begun and will include, among other things, refining project scope and modelling itemization, an environmental scan of the Canadian Cannabis landscape, cannaBLOX branding, and the completion of a Blockchain Whitepaper. Instrumental to the development of cannaBLOX and the integration of a workable logistics framework will be Jeff Zanini, Director and Senior Advisor to BLOX, who has over 25 years of experience as an accomplished Senior Executive in Canada’s logistics sector, along with his BLOX team of industry and technical experts.
Liberty Leaf’s wholly-owned subsidiary, North Road Ventures, is a late-stage Access to Cannabis for Medical Purposes Regulations (ACMPR) applicant, focused on the value-added side of the medicinal and legalized cannabis market – product processing, sales and supply chain management.