- Blockticity uses Avalanche blockchain to mint NFTs certifying authenticity of psychedelic mushrooms, hemp, and kratom.
- ACS Laboratory teams up with Blockticity, aiming to authenticate $275 million worth of products.
- With rampant fraud in the certification industry, Blockticity offers a consistent, verifiable solution.
Blockchain meets certification: A dive into the revolutionary method Blockticity and ACS Laboratory are employing to ensure authenticity in various products using the Avalanche blockchain.
Blockticity and ACS Laboratory Mint NFTs for Product Authenticity
Utilizing the capabilities of the Avalanche blockchain, Blockticity, an innovative startup, has minted non-fungible tokens (NFTs) targeted at verifying the genuineness of psychedelic mushrooms, hemp, and kratom. In a joint venture with ACS Laboratory, the largest hemp and cannabis lab in eastern U.S., they aim to offer certificates that stand as a testament to the products’ legitimacy.
The Process: Combining Laboratory Testing with Blockchain
It begins with ACS Laboratory, which takes on the crucial task of testing the products. Once a Certificate of Analysis (COA) is issued, Blockticity then generates a QR code of this COA. This QR code is subsequently minted as an NFT using the Avalanche’s C-Chain. The primary motivation behind this mechanism is to enhance the efficiency and reliability of tracking and verifying the authenticity of various products. Already, nearly 37,000 NFTs, each representing a COA, have been minted, with plans to mint another 120,000 primarily for cannabis products.
Addressing Fraud in the Certification Industry
The certification landscape is riddled with fraudulent activities. From QR code tampering to visual alterations and even data manipulations, the system’s vulnerabilities are numerous. Blockticity’s intervention seeks to mitigate these challenges. By rooting the COAs in the Avalanche blockchain, they aim to provide a consistent and verifiable proof of product genuineness, thereby addressing the rampant deceit that plagues the certification sector.
Expanding Horizons: Global Supply Chain Inclusion
While the partnership with ACS Laboratory marks a significant milestone, Blockticity envisions a broader application of their blockchain-backed certification method. They’re setting their sights on sectors like consumer electronics, apparel, agriculture, seafood, and more. As per Blockticity’s statements, there are anticipations of additional projects making their debut later this year. The CEO of Blockticity, Mike Coner, articulated the company’s mission, emphasizing the utilization of web3 to track products across the global supply chain. Using Avalanche, they can offer product authentication on-chain, ensuring the security of client metadata and presenting a solution scalable for the global market.
Conclusion
The collaboration between Blockticity and ACS Laboratory exemplifies the potential of merging traditional testing methods with advanced blockchain technology. As the world grapples with authenticity and verification challenges, solutions like these not only offer a beacon of hope but also present a roadmap for other sectors to follow. In an era where trust is paramount, innovations that bolster authenticity could very well shape the future of product certification.
