Hemp Blockchain, Inc, a Utah-based agricultural tech company, has come up with a novel solution to measure and record information on carbon emissions and atmospheric carbon sequestration for hemp farms: blockchain.
The product, part of what the company is calling a “Carbon Protocol Initiative” may set a new standard for establishing the net carbon footprint of hemp companies, one of the company's goals.
The solution will take data from critical points throughout the cultivation process, registering both CO2 sequestration and emissions into a blockchain record.
The system will then grant cultivators carbon credits that will be translated into tokens. “Carbon …