TruTrace Technologies (CSE: TTT; OTCQB: TTTSF), a developer of a fully-integrated blockchain platform for the legal cannabis, food, and pharmaceutical industries, today announced that it has signed a letter of intent with LeafWorks Inc., a female-founded AgTech genomics company specializing in plant identification, research and development initially for the cannabis industry, to create a blockchain-secured platform for supply chain validation in order to meet growing standards within the cannabis industry.
LeafWorks' proprietary supply chain certification service is a DNA-based testing method that tracks and verifies a client's cannabis material as it moves across the supply chain. LeafWorks' third-party verification service tracks samples, assesses batch consistency, incorporates DNA-level quality control measures, and mitigates fraud both in and out of a client's supply chain. With TruTrace providing the means to secure this information via blockchain and providing traceability throughout the supply chain, cannabis cultivators will soon have a critical tool for incorporating validation testing into their operations to meet FDA and cGMP level compliance.
"As the cannabis and hemp industries continue to evolve, it will be absolutely vital for manufacturers and cultivators to provide validation within the supply chain," says LeafWorks Inc.'s Co-Founder and Chief Scientific Officer, Kerin Law, PhD. "Whether via the implementation of regulations or commercial standards, we are leading the market with data-driven solutions to meet the demands of a maturing marketplace."
"The days of cannabis prohibition are numbered, and the roles of cannabis in both medical and recreational settings will continue to gain acceptance. For cultivators, this means taking a mature approach to their supply chain in order to meet the growing demands of larger distribution partners," says Robert Galarza, CEO of TruTrace. "This partnership provides a foundation for continued advancement, as the extensive testing and profiling provided by LeafWorks will now be secured on the immutable ledger of the TruTrace blockchain."
