Shoppers Drug Mart to use blockchain technology to trace medical cannabis

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Canada's biggest drug store chain said Monday it plans to use blockchain technology to trace the source of the cannabis it distributes, as part of an effort to set standards for the flourishing industry.

Shoppers Drug Mart said it was teaming up with Canadian software firm TruTrace to develop and deploy a pilot project to ensure the traceability of medical cannabis.

"When a patient takes medication, there is an expectation that it is standardized, and they can expect consistent clinical outcomes and results. Popularized through its use in the creation of cryptocurrencies like Bitcoin, blockchain is a decentralized digital ledger that can be used to verifiably record transactions.

 

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