CannID
Research - Austin, Texas, United States
CannID Employees
CannID Details
Founded in 2016 and launched in 2019, Chem ID is the first end-to-end SaaS solution to support chemical analysis and data management for raw and finished consumer products. o The software provides a mission critical industry-standard for data associated with controlled substances, supporting the ability to Test, Track, Trace, Transport and Tax - "T5"o Once integrated, each test of a product generates a unique blockchain marker ("hash") in the platform, that travels with it through the supply chain, with a new hash issued at every re-test (e.g., when crossing a border or through the production process) – generating royalties at every stageo All data on the platform, secured in the cloud and authenticated on the blockchain – the most secure solution in the market• Current focus on supporting T5 for cannabis and cannabis-derivativeso Presents attractive growth dynamics in a sector with fast-growing adoption and significant requirements to support mainstream market infrastructureo In this context, Chem ID solves a fundamental problem for every participant in the market ecosystem, supporting adoption – governments, consumers, and producers.• The solution has significant first-mover advantage, and is building a material business moato The core software product, Cann-ID (focused on Cannabis products) has already developed market recognition - endorsed as Best Developed & Available Technology (BDAT) by SCOHO an industry tech. review group of association organizations representing over 91% of the total Hemp Industry membership and by McGriff Insurance, a division of Truist, offering crop insurance to farmerso Currently supporting governments to write their rulebook around T5 in the cannabis market segmento Product offering is a key enabler for driving interstate, transnational, and international commerce throughout the marketo Critical incumbency and relationships with large testing providers as well as government agencies in major cannabis markets.
