Methods and apparatus for performing agricultural transactions

Number of patents in Portfolio can not be more than 2000

United States of America

PATENT NO 12254435
APP PUB NO 20240177100A1
SERIAL NO

18312652

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Abstract

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Systems, apparatus, and methods for transacting, recording, validating and/or verifying agricultural products and its proceeds. The 2018 Farm Act rescinded industrial hemp from Schedule I of the Controlled Substances Act (CSA). Although industrial hemp has a variety of uses, the Government's biggest concern is the ingestion of tetrahydrocannabinol (THC) and cannabidiol (CBD). Commercial regulation typically balances a variety of factors: e.g., consumer protection, regulatory overhead, market competition, tax revenue, public policy, etc. In contrast, law enforcement has a singular purpose, and may go to extraordinary lengths to stop criminal activity. Various embodiments described herein provide a blockchain ledger-based supply chain that allows many commercial and regulatory entities to independently cooperate. Every transaction is permanently and transparently recorded within a chain-of-custody; the chain-of-custody enables a traceability; transitive linkages enable regulatory compliance. A variety of new applications are enabled by the blockchain ledger-based supply chain.

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Patent Owner(s)

  • Owner owned or assignment not recorded

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Coast, Mark Boerne, US 3 15

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