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Aeternity's blockchain will be used to track marijuana in Uruguay.

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Aeternity

The blockchain Aeternity, dedicated to decentralized applications (DApps), will be utilized to track the supply chain of Uruguay Can, a medical and recreational cannabis producer.

Table of Contents

Aeternity blockchain is an open-source public blockchain protocol that provides a platform for next-generation decentralized applications and high scalability. Its main components are written in the Erlang functional programming language, and its smart contracts have features. Unlike other blockchain platforms, the æternity protocol has several key technical features. The content includes:

  1. Blockchain network
  2. Oracle machine
  3. Naming system DNS
  4. SCRIPTING LANGUAGES... and more

According to a press release issued on 9/25, it will create a supply chain management platform for partners combining the Internet of Things and DApps, registering and tracking cannabis strains from seed to final product, making it possible to create decentralized applications.

Aeternity CEO Pablo Coirolo stated that blockchain technology can provide security and confidence in the quality of medical and recreational cannabis, adding:

We aim to be the first company to offer business-grade solutions by collaborating with leading technology providers as well as cannabis producers, processors, and distributors. When the entire production process and supply chain are tracked by us, we believe it can further ensure consumer safety and compliance with regulations.

In December 2013, Uruguay became the world's first country to fully legalize the production and sale of cannabis, and has been an innovator in recreational and medical cannabis.

The first phase of implementation between Aeternity and Uruguay Can will begin in October and is expected to be completed in January 2020. For Eduardo Blasina, CEO of Uruguay Can, this partnership is a significant milestone for the industry. Blasina said:

We are honored to be the first company in Uruguay to guarantee the quality of our products in a transparent and verifiable manner.

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