Rubikon: Solving The Canadian Cannabis Compliance Challenge
A wave of excitement and anticipation has surged across Canada since Bill C-45 (legislation to legalize recreational cannabis) received Royal Assent. With the finalization of amendments in progress, Canadians can feel assured that recreational cannabis legalization is coming, and soon.
A main objective of the bill is to ensure safe access across the country to a legal source of cannabis. As such, it is essential that regulatory compliance is not only implemented, but that it is efficient, effective and comprehensive. Safety standards across the industry must be met and maintained with protocols in place for when they are not. In this way, regulatory compliance is key to the health and safety of Canadian consumers.
Rubikon offers a comprehensive and fully integrated supply chain management solution that addresses the Canadian cannabis compliance challenge. Combining RFID and Blockchain technologies, the Rubikon Cannabis Blockchain Network (Rubikon CBN) provides greater supply chain connectivity while streamlining compliance and reporting.
The term blockchain seems to be everywhere these days, yet its functionality and application are largely misunderstood. Rubikon CBN’s cannabis compliance solution mobilizes distributed ledger technology to offer a decentralized way of reporting, verifying and storing massive amounts of data. The platform is built on Rubikon’s proprietary blockchain that solves traditional blockchain scalability challenges to process millions of data transactions per hour. The result is the complete vertical integration of an entire regulated industry, from product origin to consumer satisfaction.
Rubikon CBN consists of a network of nodes (computers) that distribute digital information and verify this information in real time. Each node serves as an administrator that is incentivized to maintain accurate records and guarantee their integrity. Accessible to the public, the blockchain creates an immutable system whose information cannot be tampered with. Every alteration is tracked, resulting in a forcibly honest system. Applied in this way, blockchain technology significantly enhances data validity for compliance purposes.
Rubikon CBN will utilize proprietary TrackBadges (a combination of RFID and QR physical identifiers) to track cannabis from seed to sale. A TrackBadge will follow a plant across its lifecycle and through the supply chain, obtaining an extensive history of the plant’s production all the way to its point of sale. This information is then made available to stakeholders, regulators, and consumers based on individual permissions.
The use of TrackBadges drastically improve the availability of relevant information for compliance. This means that recalls can easily be made at any stage along the chain and non-compliant products can be isolated, removed from circulation and have all of its related products invalidated. As a result, health and safety risks for Canadian cannabis consumers are significantly reduced.
Similar to products, individuals are registered and authorized within the system so that every entry or alteration of information on the database can be traced back to a specific person. This is personal integrity at its finest, and it establishes a clear chain of custody and personal responsibility for every product interaction.
By combining RFID enabled TrackBadges and blockchain technology, Rubikon CBN provides a secure, user friendly product management system for the Canadian cannabis industry. Committed to compliance, Rubikon works hard for Canadians so they can enjoy recreational cannabis safely.
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Joel Semczyszyn & The Rubikon Team
