In this post the various aspects of digital object tracking are explored within the context of blockchain solutions applied to their unique financial markets. These corporate entities are experimenting with DLT in ways that allows their financial information to help lower friction and access new high risk markets, ultimately lowering costs for their services.
he future of distributed ledger technology faces challenges in terms of scaling, the volatility of digital assets which currently are used to track engagements with distributed systems , and trusting the framework in which information can be shared without giving up competitive advantage.
Distributed ledger technology (DLT) helps to reduce friction while increasing the transparency of shared data in systems that rely on verifying identities to create trusted relationships when disseminating information between traditionally trust-less industries.
With even more interest generated by the public in exploring state led initiatives, many policy makers are looking to Washington to clarify the stance of the federal government in dealing with state-legal businesses handling cash from cannabis based revenue streams.
Over 19,000 cities, towns and villages across the United States are looking for guidance from the Federal government on Cannabis Regulation. The National League of Cities (NLC), an organization founded in 1924 to empower local governments, passed two far-reaching resolutions related to cannabis recently…
With a staunchly divided legislative branch, no sworn Attorney General, and entering the last year of the current Presidential term, there is but a sliver of hope for new laws that help clarify the current cannabis economy.
DLT is often equated and used interchangeably with blockchain technology. However, DLT is a generalized term describing technologies which distribute records or information among all participants. The confusion stems from the fact that blockchain was the first fully functional implementation of DLT, which took the form of Bitcoin in 2009.
As stated in previous writing, the software tools and services need to implement the Cannabis related Business financial processes have a unique set of technical attributes due to the added complexity federal and state regulation.
There are several policy options for addressing the inconsistency between federal and state regulation. The potential solutions range from Congress doing nothing, and maintaining the current policy, to complete federal legalization of marijuana. Regardless of how policy changes, solutions to effectively interact with federal and banking institutions with the utmost transparency and security must be explored.