The Hemp Blockchain
Waste/Recycling/Environmental - Salt Lake City, UT, US
The Hemp Blockchain Employees
The Hemp Blockchain Senior Management
The Hemp Blockchain Details
The Hemp Blockchain, Inc. is developing a blockchain-native supply chain management solution for the industrial hemp industry. Commercially available in late 2021, our solution will "leapfrog" traditional supply chain approaches in an agriculture sector with significant growth prospects that are strategically important for multiple reasons, including agricultural sustainability and carbon sequestration, carbon offsets, credits, and tokens.Industrial hemp is a rapidly growing industry. Industrial hemp can be processed into over 50,000 uses including fuels, plastics, graphene, solvents, building materials, foods, and medicines and is also a powerful tool in the global effort to combat climate change because an acre of hemp can potentially sequester as much or more carbon as an acre of rainforest.The Hemp Blockchain solution is well-positioned to address the needs of this virtually untapped market. A key strategic advantage is that its solution is being conceptualized and tested with Santa Fe Farms, an emerging leader in the development, production, extraction, manufacturing, and distribution of industrial hemp. Santa Fe Farms is a multi-entity industrial hemp conglomerate that will provide the first several use-cases of The Hemp Blockchain solution and access to a wide range of other industry participants. Insights provided by Santa Fe Farms and others indicate that the most pressing supply chain-related issue facing the hemp industry today is track and trace, which links all participants in the supply chain and proves provenance and quality for any product that moves through the chain. Therefore, the first application "module" to be released on the platform will provide track and trace capabilities adapted and blockchain-enabled for the industrial hemp industry combined with a marketplace for participants to exchange goods and services directly using smart contracts, fiat, crypto and carbon credits.A wholly-owned subsidiary of Syndesi, Inc.
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