ACS Laboratory, in combination with minor cannabinoid product maker 3Chi, is partnering with blockchain certification service Blockticity to launch the first national hemp client certificate of analysis (COA) as a non-fungible token (NFT).
Blockticity is providing the platform for what it is calling the first ever cannabis and hemp industry blockchain verified certificate of analysis NFT drop. The NFT for hemp, the company said in a statement, signifies the beginning of the emerging industry’s need for compliance.
ACS Laboratory, the largest hemp and cannabis testing facility in the eastern U.S., is the first laboratory to authenticate COAs on a blockchain. ACS points out that partnering with Blockticity, the leader in guaranteed certificates of authenticity, as well as Moonwalk, the leading NFT platform, is a dream team collaboration that will revolutionize the way COAs are accepted, processed and distributed.
“ACS Laboratory is proud to release the first ever certificate of analysis on the blockchain and the first ever non-fungible token for that COA on the blockchain,” said ACS Laboratory President Roger Brown. “We always strive to be at the forefront of new technology and cutting edge cannabis laboratory testing technology.”
The blockchain, Brown added, is the future for cannabis and hemp to secure the integrity of the analytical results and the COA, determine permissions and eventually to include payments.
The NFT drop will go live during Art Basel Miami Beach 2021 – Art Basel’s first in-person fair in Miami Beach since 2019 – and Miami Art Week, which takes place over the next three days, from Dec. 2-4.
This will be a limited NFT release. Instructions and more information will be provided on ACS Laboratory’s Facebook, Instagram and Twitter pages.
ACS earned 42 Emerald Test Badges for accuracy in testing in 2019 and 2020; more than any other laboratory in the U.S. ACS is DEA licensed and CLIA licensed with the largest state-of-the-art facility in the U.S. Compliant with the USDA’s rules for hemp testing, ACS is also approved by the Florida Department of Agriculture as a Designated Compliance Laboratory and deemed a Certified Marijuana Testing Laboratory by the Florida Department of Health.
National hemp brand 3Chi was founded by a biochemist with 15 years of product formulation experience who witnessed the healing powers of hemp firsthand. 3Chi is focused on cannabinoid research and bringing minor cannabinoids to market in an effort to create the most effective products available today.
Blockticity is a leader in guaranteed certificates of authenticity for the most valuable possessions, offering a different approach to credibility with error-proof certifications through blockchain verification technology.