The deal:
The five-year deal, announced Monday by Vermont’s Agency of Agriculture, Food and Markets (VAAFM), is a production-ready solution for every level of the hemp trade, said Trace CEO Josh Decatur. Beginning in March, farmers and processors will begin putting all associated crop data into the Trace system, which runs on ethereum.
How does it work?
The two-year-old company, based in Vermont's capital Montpelier, has built an app users can share details through, and gas fees for conducting transactions are passed onto the users – in this case, the state government.
Why it matters?
It is one of the first times a state regulatory agency has decided to run with the ethereum mainnet. Practical adoption of crypto network in true sense!
Reference: https://www.coindesk.com/vermont-turns-to-home-grown-blockchain-company-to-track-hemp-with-ethereum
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Topic: Tracking hemp production on ETH mainnet - why it matters? (Read 91 times)
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