Blockticity, an innovative startup, is harnessing the power of the Avalanche blockchain to create Non-Fungible Tokens (NFTs) that certify the authenticity of magic mushrooms, hemp, and kratom. Working in collaboration with ACS Laboratory, the company has minted thousands of certificates for products valued at around $275 million. This initiative, which also extends to a large batch of cannabis-based products, establishes the foundation for using blockchain technology to combat fraud in the certification industry.
Scammers can exploit laboratory Certificates of Analysis by falsifying the QR code, altering the visual appearance, and tampering with the data.
Blockticity and ACS Laboratory Join Forces for Innovative Blockchain Certification
Each NFT serves as a Certificate of Analysis (COA) issued by ACS Laboratory, embodying a modern approach to product certification. With the transparency and tamper-proof nature of blockchain, Blockticity’s endeavor has the potential to revolutionize not only the authentication of psychedelic and plant-based products, but also expand into various sectors such as consumer electronics and apparel.
With plans for additional projects, Blockticity showcases a scalable solution for tracking the global supply chain, highlighting the versatility and potential of blockchain technology in addressing real-world challenges.