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MERCURIAL Member Level  Thursday, 02/22/18 09:36:03 AM
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Liberty Leaf Holdings and Blox Labs Provide Update on Cannabis Blockchain Project "cannaBLOX"

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Liberty Leaf Holdings

09:00 ET

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VANCOUVER, Feb. 22, 2018 /CNW/ - Liberty Leaf Holdings Ltd. (CSE: LIB, OTCQB: LIBFF and FSE: HN3P) (the "Company") and Blox Labs Inc. (CSE: BLOX) are pleased to provide an update regarding the initial Phase 1 development of "cannaBLOX", a Blockchain-based smart contract supply chain management platform for the legalized cannabis industry that is being developed in partnership.

After several key meetings with main stakeholders and the development team, BLOX is working towards completion of a cannaBLOX Whitepaper and has completed the initial framework and analysis required to do so. To date, specific focus has been on project scoping, itemizing utility and process flow, schematic design, and Cannabis industry analysis. Additionally, as announced on January 2, 2018, BLOX has created a satellite development team in Eastern Europe that is specialized in Blockchain and Decentralized Application Technologies, including omni-language development in Ethereum and NEO. With the preliminary inputs and analysis now complete, this new team will be instrumental in the ongoing cannaBLOX development. BLOX and LIB shall provide further updates as the project progresses.

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.

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