SICPA introduced a brand new partnership with Ionization Labs, builders of decentralized hashish and hemp efficiency testing resolution known as Cann-ID.
The collaboration between SICPA and Ionization Labs gives the hemp and hashish business with a trusted option to make safe transactions between cultivators, processors, retailers and enabling interstate, intrastate and worldwide commerce, in accordance with SICPA.
Leveraging the Cann-ID chemical knowledge platform with SICPA’s CERTUS blockchain-based authentication facilitates interagency knowledge sharing between the USDA, FDA, US Division of Treasury, Division of Homeland Safety and state regulatory businesses who’ve the tedious process of opening up logistics, banking, insurance coverage, tax income, compliance monitoring and different sources required for the success of the world’s fastest-growing specialty crop, SICPA stated.
This collaboration between SICPA and Ionization presents a blockchain-based authentication testing infrastructure utilizing SICPA’s confirmed CERTUS know-how and Ionization’s Cann-ID efficiency testing platform.
The ensuing profit is the issuance of a trusted, tamper-proof and universally verifiable certificates of research (COA) for hemp, hashish and different agricultural merchandise, SICPA stated.
CERTUS data and protects key knowledge in a safe QR code digitally signed and guarded by confirmed KSI blockchain know-how; this permits common verification by any stakeholder inside the provide chain, in accordance with SICPA.
Ionization Lab’s Cann-ID resolution is a cloud-based chemical knowledge platform constructed on analytical {hardware} developed by Agilent Applied sciences, SICPA stated.
Ionization Labs’ purchasers span the complete seed-to-sale ecosystem, together with licensed testing labs all through the US and choose overseas markets.
“Hemp remains to be a brand new and evolving market. Growers, consumers, and regulators are plagued with gaps in safety and an lack of ability to shortly and instantly verify biomass meets THC focus allowances,” stated Alex Spelman, VP at SICPA. “By incorporating CERTUS into the Cann-ID platform, Ionization Labs and Agilent Applied sciences present customers with a much-needed and trusted resolution to safe and validate important testing and efficiency credentials. These certificates of research are a important underpinning of SICPA’s traceability method and are important to have in place for any future track-and-trace performance.”
“Defending the integrity of chemical knowledge referring to testing is of paramount significance, particularly for human consumables,” Founder and President of Ionization Labs Cree Crawford added. “The chance to companion with SICPA brings a degree of belief and transparency, utilizing superior knowledge safety that can add to our resolution worth proposition for the quickly rising hashish and hemp industries. The worldwide footprint of SICPA, mixed with the facility of Cann-ID, will permit our collaboration to help international markets which have an anticipated mixed development from $15.93 billion in 2019 to $112.6 billion by 2027.”
