IBM’s Marijuana Cloud
IBM wants in on the weed business by “either helping marijuana businesses to set up their own blockchain nodes or giving them access to blockchain software based in IBM’s cloud.”
North American marijuana sales grew by 30% in 2016 to $6.7 billion. As marijuana continues to move toward legalization and regulation, institutions from governments to banks are developing proprietary blockchains. With IBM’s vision, a network ledger would allow marijuana retailers to see which farm produced a particular batch, along with its supply-chain history of inspections.
Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.
Check Out the Latest Headlines
Leave a Comment