Blockchain Based Traceability for the hemp and cannabis Industry In order to address the needs of the many stakeholders involved such as growers, processors, retailers, consumers, exporters, and even governments, the hemp and cannabis industry needs an interoperable system that is able to provide the appropriate data for each respective entity in a way that is trusted, transparent, and secure. Blockchain presents an ideal solution for many of these challenges, while a token ecosystem solves the essential challenge of creating appropriate incentives for those making the extra effort to capture data. Greenblock Ecosystem In this respect, the Greenblock Ecosystem creates a mechanism for rewarding hemp and cannabis producers and supply chain intermediaries through micro-transactions, creating a virtuous cycle for sustainable practices that extends beyond government mandates for traceability. Greenblock tokens are not meant to be a currency for trading hemp and cannabis. Instead, Greenblock tokens provide a mechanism for incentivizing data capture and transmission in various forms. Incentivizing Data Capture within Supply Chains By creating the appropriate reward structure for data capture along with an interoperable platform, the Greenblock Ecosystem will allow for makers of third party tools such as Internet of Things (IoT) sensors and other data inputs to participate in the ecosystem and be rewarded accordingly. This will drive more data feeds into the ecosystem and ultimately allow hemp and cannabis buyers to have a better understanding of the actual metrics that impact safety and quality, including, but not limited to, conditions from harvest to consumption, and pesticide and toxins screening. The end result will be hemp and cannabis buyers having the right quantity and quality of information to make better decisions, governments being better able to manage the industry using up to date data, and producers and intermediaries being rewarded for data capture and responsible behavior. The Importance of Understanding Real Trade While there are other blockchain based traceability platforms that have emerged to address the very real supply chain problems that span industries, the hemp and cannabis industry in particular has unique needs that can only be addressed by those with insider knowledge based on the realities of actual trade. This is where the Greenblock team is uniquely qualified to design and develop the Greenblock Ecosystem because of their decades of experience advising and trading in the hemp and cannabis industry. 7 This ongoing trade serves as a model and use case for a range of technologies developed and used by the Greenblock team and their partners. Below are some examples of these technologies: - Plan protection, forecast and prognosis - Spray drift warning - Frost warning - Storage monitoring with warning function