Blockchain Tracking and Cannabis Regulation: Developing a permissioned blockchain network to track Canada's cannabis supply chain

Authors

  • Brian Abelseth

Abstract

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:

  1. Enhance public safety by ensuring quality and monitoring product sales
  2. Undermine illegal markets to reduce crime and prevent product diversion

References

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Deloitte. (2017). Using blockchain to drive supply chain innovation: A series exploring industry 4.0 technologies and their potential impact for enabling digital supply network in manufacturing. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/us/Documents/process-and-operations/us-blockchain-to-drive-supply-chain-innovation.pdf

Forbes. (2017). Alibaba, EY, IBM and Microsoft Use The Blockchain To Create A Transparent Supply Chain. Retrieved from https://www.forbes.com/sites/jwebb/2017/08/31/alibaba-ey-ibm-and-microsoft-use-the-blockchain-to-create-a-transparent-supply-chain/#2b6000e44b37

Government of Canada. (2016). A Framework for The Legalization and Regulation of Cannabis in Canada: The final report of the task force on cannabis legalization and regulation. Retrieved from http://healthycanadians.gc.ca/task-force-marijuana-groupe-etude/framework-cadre/alt/framework-cadre-eng.pdf

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Government of Canada. (2018b). Legalizing and strictly regulating cannabis: the facts. Retreived from https://www.canada.ca/en/services/health/campaigns/legalizing-strictly-regulating-cannabis-facts.html

IBM. (2017a). BlockChain: An Irrefutable Chain of Custody Audit for the Seed to Sale of Cannabis in BC. Retrieved from https://engage.gov.bc.ca/app/uploads/sites/217/2017/11/IBM-Canada.pdf

IBM. (2017b). BlockChain Explained: The difference between public and private blockchain. Retrieved from https://www.ibm.com/blogs/blockchain/2017/05/the-difference-between-public-and-private-blockchain/

Maclean‘s. (2017). How big is Canada‘s marijuana market, really?. Retrieved from http://www.macleans.ca/news/canada/how-big-is-canadas-marijuana-market-really/

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Visa. (2017). Visa Public Key Infrastructure: Certificate Policy (CP). Retrieved from https://www.visa.com/pki/pdf/VisaPublicKeyInfrastructureCertificatePolicy.pdf

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Published

2018-04-11

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Articles