Blockchain Tracking and Cannabis Regulation: Developing a permissioned blockchain network to track Canada's cannabis supply chain
DOI:
https://doi.org/10.5931/djim.v14i0.7869Abstract
Achieving government‘s goals for cannabis regulation requires legal cannabis to be a cheaper, more attractive consumer alternative compared to the illegal market. This goal may be undermined by the costs and disadvantages of traditional regulatory management.
A Canada wide, real-time blockchain tracking system appears to be a viable technical solution architecture.
A permissioned blockchain network could be tested alongside traditional tracking. This investment, if proven effective, could reduce regulatory costs for government and red tape for business, helping to achieve Governments‘ objectives to:
- Enhance public safety by ensuring quality and monitoring product sales
- Undermine illegal markets to reduce crime and prevent product diversion
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