In the online publication Cointelegraph, Councilmember Bartlett is extolling the possible virtues of cannabis record keeping based on blockchain. Here’s what he said on Cointelegraph:
Berkeley city council member Ben Bartlett told Cointelegraph that California government officials are currently advocating to adopt a blockchain-based track-and-trace methodology to ensure accurate record-keeping, better retention of taxation and standardization for the cannabis industry.
Bartlett helped to compose a report illustrating a blockchain roadmap for California. He mentioned that the document has been sent to the California governor and legislator for consideration, noting that there is an entire section dedicated to how blockchain technology can be used to manage the cannabis supply chain. Bartlett said:
“This will help standardize the cannabis industry, as we don’t have a clear picture of seed to sale and all the elements involved. Using blockchain would ensure that we are dealing with a product that is safe and recognized by state health standards. This is also a way to professionalize the emerging cannabis market.��
While the report mentions that California policymakers should accept blockchain-based verification and reporting mechanisms for the cannabis supply chain, the document further notes that policymakers should consider “authorizing participants in the cannabis supply chain to use payment mechanisms that implement stringent industry ‘Know Your Customer’ processes but also accommodate U.S. regulatory concerns.”
According to Bartlett, the blockchain roadmap is the first recommendation of its caliber to be sent to the California governor for review. “Even though cannabis has its own allies and issues in the government, it was important to include because we see it as beneficial for the economy as a whole,” he remarked.
Stay tuned.
This post part of The Bartlett Files Project.
Zennie Abraham is Zennie62Media, Inc. CEO and Zenophon Abraham Zennie62 YouTube Channel vlogger, and pioneer African-American creator of Oakland News Now Blog and Zennie62Media’s 100-blog network. He’s covered the NFL, San Diego Comic Con, The Night of 100 Stars Oscars Party, The NFL Draft, and CES Las Vegas annually , and for more than 10 years. Zennie created Oakland’s first true blog, Oakland Focus, and Oakland’s first YouTube Partner Channel Zennie62, and now Oakland’s only news blog aggregator, OaklandNewsOnline.com . Zennie also holds the distinction of forming Oakland’s only bid to host the NFL’s Super Bowl Game, in 2000 for the 2005 game that Jacksonville won the right to host. He’s also the founder of Sports Business Simulations and the creator of The Oakland Baseball Simworld and XFL Simworld. Zennie was born in Chicago on August 4th, 1962. A proud graduate of Bret Harte Jr. High, and Skyline High School, He’s lived in Oakland since April 8th of 1974. He has an undergraduate degree from Texas-Arlington and a Masters Degree from U.C. Berkeley, both in City Planning with a focus on urban economics and public finance. Zennie is an expert in system dynamics modeling.