Vermont Firm Wins Patent for Hemp, CBD Supply Chain Software
Wednesday, September 18, 2019
Posted by: Jeff Couture
Things look pretty quiet around the offices of Trace, the cannabis quality-tracking software startup, these days. That’s because half of the small company’s staff is on the road talking with hemp farmers around Vermont who are getting ready to harvest their crops.
But there’s a lot going on under the surface. On Sept. 10, the nearly 2-year-old company received a patent for its software. Meanwhile co-founder Josh Decatur expects to have an app in Apple’s store in the next few weeks, and the company’s first government contract by the end of the year.
Trace is a software company that uses blockchain to provide a guaranteed chain of accountability for CBD and other hemp products. Ultimately, the goal is to enable the industry to assess details such as where, how, and when a plant was grown, and how it was processed before ending up on store shelves. While Trace is working with individual farmers now, its creators would like ultimately to create an industry database that shines a light on the provenance of all commercial hemp products.