GCAC and ThingBlu Expand Hemp Tech Offering Nationwide
Vancouver, British Columbia, Canada -- October 11, 2022 -- NewsGenie -- Global Compliance Applications Corp. (GCAC) has partnered with ThingBlu Inc. and B&M Products and Services LLP to offer its business intelligence-blockchain solution to the entire U.S. hemp industry. The collaboration aims to provide an affordable SaaS offering, leveraging the growing industrial hemp market and the increasing use of blockchain technology in agriculture.
With the industrial hemp market in North America projected to reach USD 87.5 million by 2027, the partnership seeks to address the increasing demand for hemp in various applications, including hempcrete, animal bedding, insulation, textiles, bioplastics, and biofuel. The integration of ThingBlu's SaaS software with GCAC's Efixii blockchain provides hemp farmers and processors with tools for workflow management, data analysis, and supply chain transparency.
Marla Rivera, Owner of B&M Products & Services, emphasized the goal of delivering high-quality industrial hemp to transparent markets, while Kevin Gorman, CEO of ThingBlu, highlighted the importance of data-driven decision-making for hemp farm viability. Bradley Moore, CEO of GCAC, noted the potential of the Efixii blockchain in connecting growers with consumers, offering affordable BaaS solutions.
ThingBlu's platform facilitates data collection and analysis for agricultural operations, integrating with existing systems to drive operational efficiencies. GCAC's Efixii blockchain provides a solution for supply chain connectivity, offering tokens for attesting to a product's value.
For more information, visit www.gcac.tech and thingblu.com.