Tag: aeternity

Aeternity Partners with Uruguay Can to Track Cannabis Production Using Blockchain

Uruguay Can, one of the major cannabis production companies in South America, and Aeternity, an open-source blockchain firm intended for decentralized applications, have partnered in developing a supply chain management platform based on the blockchain technology.

The collaboration will permit the tracking and registration of cannabis strains from the initial seed stage to the final product. Notably, this process will entail the combination of blockchain and Internet of Things (IoT) technologies in the generation of decentralized applications. 

Pablo Coirolo, Aeternity CEO, stipulated that blockchain technology was instrumental in the provision of confidence and security about the quality of recreational and medical cannabis. 

Coirolo noted:

“We want to be the first to offer a business-level solution in partnership with leading technology providers and cannabis producers, processors and distributors,” said Pablo Coirolo, CEO of æternity Americas. “æternity technology is ideal for tracking the entire cannabis production process, from seed to full plant growth, throughout the entire supply chain, which ensures consumer safety while complying with regulations.”

Uruguay’s cannabis legalization

In 2013, Uruguay made a bold move of being the first nation across the globe to entirely legalize the sale and production of cannabis. 

The first implementation phase of the project is scheduled for October 2019, whereas the entire implemented is stipulated to happen by mid-2021. 

Eduardo Blasina, Uruguay Can CEO, praised the undertaking. He stipulated:

“We are proud to be the first company in Uruguay that can guarantee the quality of our products in a transparent and verifiable way. […] The ability to trace the source and the way cannabis is produced is beneficial for both the cannabis and pharmaceutical industry as well as its consumers and end users, who should feel more secure about the product that they are consuming.”

Blockchain technology has been transforming various sectors. For instance, Waste2Wear recently showed its intention of using blockchain in tracing the conversion of ocean plastics into eco-fabrics. 

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Uruguay Digital Party Join Forces with Aeternity for Blockchain-Enabled Internal Voting

One of the objectives of the Uruguay Digital Party is to restructure its internal voting process through blockchain technology.

For this goal to be realized, the political party has collaborated with Aeternity, a blockchain startup, whose mandate will entail maximizing citizens’ participation in internal voting utilizing blockchain. 

Founded in 2013, the Uruguay Digital Party has been seeking to revolutionize the nation’s political scene through technological advancements. The partnership crafted with Aeternity is instrumental in attaining this mission as blockchain technology will come in handy in revamping the internal voting process.

Blockchain-powered voting 

The Uruguay Digital Party’s urge instigated the decision to develop a blockchain-enabled voting system for accessibility and transparency in internal voting. 

According to Justin Graside, the party’s digital representative, the resolution to use blockchain technology was prompted by the wish to propel Uruguayans’ influence in the voting process. 

He noted:

“We want to put technology at the service of Uruguayans to add participation and transparency to decision making. We believe that the benefits granted by blockchain in terms of security and decentralization of processes allow us to offer Uruguayans a solution according to our expectations.”

By leveraging blockchain technology, the party intends to boost transparent decisions. As a result, the new structure will enable members and citizens alike to participate in the nation’s political choices in a decentralized manner.

Aeternity’s role 

Aeternity’s task has been well spelled out. It will work in two primary areas:  

A technological solution for the acquisition and authentication of supporters’ identities. This will enable the creation of a transparent and safe database.

Creating a decentralized application (Dapp) founded on the “liquid democracy” model that utilizes tokens and smart contracts. It will be pivotal in the party’s internal governance. 

The partnership will be instrumental in giving citizens the power to vote on proposals, as well as offer novel ideas, in a transparent, secure, and direct way. 

Aeternity has been making incredible progress in making blockchain transformations in Uruguay. Previously reported on Blockchain.News, Aeternity recently partnered with Uruguay Can to track cannabis production using blockchain.

Image via Shutterstock

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