Is proof of Insurance the next blockchain trend ?

I was reading up on this , Proof of Insurance pilot by Marsh, and it has some redeemable qualities to it. However paragraphs like this ,

Originally introduced as a proof of concept last April, Marsh’s blockchain-powered proof of insurance automates and streamlines the manual process, allowing clients to speed up necessary business functions while increasing coverage certainty.

I’m a bit confused in this. Maybe Marsh is old school and behind the times. As stressful and painful as any kind of insurance is these days , I’ve rarely had to do many things manually with may if them. Progressive and Geico are simple online and even mobile app portals now. There are others where you answer a few questions and get a bunch of quotes in return.

Yes, plenty of things could still be automated , but car insurance has been simplified by a lot of firms. You can take a picture with your smart phone app after an accident these days. How would you automate that? Buy a Tesla like car that sends all the data back anyway ?

Streamlining processes makes perfect sense to me, and integrating salesforce and hyperledger for insurance could be useful. But it’s just another database like verification process over some cutting edge proof of insurance new blockchain consensus protocol. That would be different.

blockchain for hemp seed to sale ?

Hemp is more than just CDB. Industrial Hemp has a ton of use cases, but all the limelight right now is CBD. What is CBD ? CBD-rich hempseed is sort of legal in most states presently, it also is legal in many countries around the globe. However at the same time it’s uncommon, giving plant growersa tremendous new market as obstructions to national hempseed appropriation are evaluated.

The 2018 Farm Bill ensures interstate business for all hemp items, evacuating necessities that suitable hempseeds require endorsement from the U.S. Medication Enforcement Administration. However places like Georgia didn’t approve CBD food based options. Other states follow some FDA and state wide regulations and bills.

However, the law sets up prerequisites in excess of twelve states around ensured seeds – those that have been tried against germination and consistency benchmarks and show low dimensions of THC. Cannabis assortments that contain over 0.3% THC stay illicit under the 2018 Farm Bill.

Many hemp editions presently being grown are imported from the European Union – cultivars that are commonly bred for fiber and seed production, not CBD-rich flowers.

The reality is licensed seeds are guaranteed to produce these CBD-rich flora are so uncommon that genetics ought to show greater profitable than selling hemp outright.

Hemp generations are another interesting concept. Two years could mean eight hemp generations. And there aren’t tight regulations like in marijuana. Some seed varieties from Europe are low quality types. They haven’t grown hempseed for CBD and their strains are about 3% or less.

Colorado now has thirteen certified hemp cultivars, the most of any state.The Farm Bill doesn’t tackle hemp farmers who have already been shopping for and promoting hemp cultivars.

A West Virginia hemp farm was  ordered to shut down  after it was  accused of illegally importing hempseeds from Kentucky; that case is pending. But Kentucky is trying to be a hemp capital of the world.

How can blockchain help with all this? Immutability. Seed to sale. Internet of Things. Incentives. Tokenization. The major hype and strides in the hemp industry are not without some major pain points. Audit trails and transparency issues (blockchain definitely feasible here), payment solutions and cash only challenges (crypto and bitcoin), quality assurance and maintenance(blockchain), and general regulatory uncertainty have plagued cannabis entrepreneurs for years.

Blockchain allows businesses to manage their supply chains in a quicker more stream lined time period, eliminating paper trails and their inevitable lag. Since the cannabis space is comparatively new, few corporations are ready to produce efficient vertical combinations in their  supply chain free from any lag or loss of product.

It’s seemingly that cannabis can have many various business use cases from farming to once it gets to a certified lab or clinicmaking multiple potential expensive points of failure. Cannabis businesses utilizing blockchain are going to be ready to exactly pinpoint any inefficiencies within them and, well, nip them within the bud.

Additionally, by utilizing blockchain in their supply-chain, cannabis businesses are going to be ready to give customers the entire seed to sale image of their products journey.  Transparency and a better audit trail. And an incentive for newer buyers to learn a little more about the farmers and distributors along the way.

Dispensaries also will be ready to guarantee their merchandise contain precisely the quantity of CBD and whether or not it’s sativa or indica dominant as what they’re publicizedSeveral first-timers walking through legalvclinic doors tend to have questions and concerns about their sensitivities to the merchandise. A supply chain supported by perfect science caters to an improved overall client expertise. And better supply chain transparency.