Global Compliance Applications Corp. (GCAC) CSE A Vancouver-based blockchain applications company is partnering with two others to offer hemp farmers affordable opportunities connect with customers.

“GCAC is a partnership with ThingBlu Inc.a Washington State-based software-as-a-service farming solution, and B&M Products and Services LLPan Indiana company that contracts with industrial hemp growers and processors.” reported Wednesday Streetwise Reports. “GCAC and ThingBlu provide the app and business solutions, while B&M connects them to growers.”

A blockchain-based solution for hemp SMEs

Efixii is GCAC’s blockchain-based app that allows hemp producers to receive feedback from buyers. In return, the app offers digital rewards.

The app tracks the different stages in the cannabis supply chain. All information is available via a QR code, which includes the plants’ genetic make-up, place of production and feedback from other customers. In addition, consumers can provide feedback and receive rewards from the producer, e.g non-fungible token (NFT).

CEO of GCAC Brad Moore described the initiative as a tool that SMEs have never had access to and that creates a direct link with the end user.

GCAC launched Efixii on its own blockchain in 2020.

The app works on an electronic distributed ledger system and allows the creation of NFTs.

“As a person who grew up in farming, I know that farming runs on very tight margins,” he said Kevin Gorman, CEO of ThingBlu. “With the industrial hemp market on the rise, ThingBlu’s Software as a Service (SaaS) software analytics of collected workflow and sensor data can play a huge role in a hemp farmer’s profitability. It’s unbeatable on the blockchain.”

A greener, sustainable industry

Additionally, GCAC announced on its website that it will fund Canadian growers who use its Efixii cannabis compliance solution through its “cultivator program,” with decentralized funding. Successful…