Kezzler & Trace Announce Hemp and Cannabis Supply Chain Partnership
Friday, August 7, 2020
Posted by: Jeff Couture
Trace and Kezzler, two leaders in their respective industries, announced the launch of their partnership. The collaboration between Burlington-based Trace, the nation's most advanced hemp and cannabis seed-to-sale tracking solution, and Kezzler, a global leader in supply chain traceability and serialization technology based in Oslo, will redefine supply-chain visibility in the hemp and cannabis industries.
Trace leverages the power of Ethereum-based blockchain technology to distribute crucial information while removing the potential for altering accurate information, enhancing public and regulatory trust. Whereas blockchain uses encryption to guarantee the immutability of transactions, Kezzler on the other hand, applies encryption to guarantee uniqueness of product identity and centralized processing allowing for massively scalable performance.
The partnership between Trace and Kezzler combines the best of both paradigms forward: both government and private businesses alike will be able to have unparalleled security, monitoring, and insight into their cannabis and hemp supply chains.
“We are excited to bring Kezzler’s technology to hemp and cannabis,” said Joshua Decatur, CEO of Trace. “We have been on the forefront for a couple years now and there is industry consensus that subpar solutions have held back the private market and complicated the lives of overseeing agencies. At the end of the day it’s consumers that suffer the consequences. We look forward to continuing our mission of bringing truth and transparency to the supply chain.”
The failures from the systems that are currently deployed in the United States have been widely publicized. These failures have slowed the growth in the cannabis industry and have hindered regulators’ efforts to properly oversee the industry, further complicating expansion into additional markets. As more states pass adult use legislation the need for creating a properly functioning cannabis tracking and regulatory system that can scale in security, volume and complexity, without affecting performance becomes paramount.
Kezzler deploys its patented serialization technology to help clients meet challenges from counterfeit goods and unauthorized distribution, to delivering full end-to-end supply-chain visibility and consumer engagement. The integration of their system with Trace’s current system, which was developed specifically for the cannabis industry, will ensure they can offer both state governments and the private sector the preeminent product on the market.
“We recognize the need for innovative solutions in the hemp and cannabis industries that provide supply-chain traceability for businesses and regulators while safeguarding consumers,” says Robert Lillefloth, Director of Partnership Sales at Kezzler. “Much like Kezzler, Trace has been an innovator since their inception. Kezzler has championed commercial advantages of mass unit-level serialization for over 18 years and this partnership is another example of how we continue to lead the aggregation and track and trace fields to this day.”
Source: Vermont Business Magazine