Security Matters Files Patent for Cannabis Plant Tracking
The solution can be applied to mark, track, and manage the supply chain of cannabis plants, cannabis products, and products containing cannabis derived ingredients.
Supply chain-focused blockchain technology company Security Matters has lodged a patent application in the United States pertaining to materials and methods used in the marking, classification, and identification of seeds and plants.
The Australian Securities Exchange (ASX)-listed company said its patent can be applied to mark, track, and manage the supply chain of cannabis plants, cannabis products, and products containing cannabis derived ingredients.
Security Matters said the patent covers the use of its own chemical solution for marking plants that can be completed during any of the six stages of plant growth and cultivation, as well as directly to the seed prior to planting.
Security Matters has commenced the commercialisation of its technology that uses a hidden chemical-based "barcode" to permanently "mark" any object -- solid, liquid, or gas.
The barcode is read by accessing the corresponding stored data, which is recorded and protected using blockchain technology. the company said in a statement issued to the ASX:-.
"The marking solution can be applied to the seed or plant via a coating, irrigation, and fertilisation method and is used for product authentication, supervision and supply chain management of the plant and plant by-products,"
According to CEO and founder Haggai Alon, the two key considerations for any cannabis company are the ability to trace its origin and to control and monitor its content to establish in which application the final product will be used.