Subscribe Now

* You will receive the latest news and updates on the Canadian IT marketplace.

Trending News

Blog Post

Alternate Health launches cannabis blockchain
CLOUD

Alternate Health launches cannabis blockchain 

The CanaPass system is a cloud-based software platform that manages the end-to-end transactions providing safe access to medical and recreational cannabis to eligible patients and customers. The database is linked to the Health Insurance Portability and Accountability Act (HIPAA) compliant ledger to oversee patient outcomes and is only accessible by the patient, certified doctors, and licensed producers.

The idea of a blockchain (originally written as block chain) was first conceptualized by Satoshi Nakamoto in 2008 and used the next year as a core component of the digital currency bitcoins.

A blockchain allows digital information to be distributed but not copied. With bitcoins, a blockchain serves a public ledger for bitcoin transactions. Using a peer-to-peer network and a distributed timestamping server, blockchain prevented double-spending of bitcoins.

The financial, food production, and other industries are now experimenting with the incorporation of blockchain technology into their operations.

Related content

FROM FIELD TO FORK: HOW BLOCKCHAIN CAN IMPROVE FOOD SUPPLY SAFETY

TORONTO’S SECUREKEY, IBM USES BLOCKCHAIN TECH TO SECURE DIGITAL IDENTITY

The blockchain ledger has allowed for full open accountability as HIPAA stipulates that patient data must be protected with secure networks and procedures to prevent people from accessing health care information without consent. HIPAA protects such confidential health information such as patient records, treatments, and operations. 

“The evolution of CanaPass is a natural step forward in Alternate Health’s software development, as we continuously update and adapt the system to changes in technology,” says Dr. Michael Murphy, CEO of Alternate Health. “CanaPass represents a shift from a card-based system to embrace advances in mobile and cloud computing, unlocking the significant potential for growth. And using blockchain ledger creates the accounting necessary for both State and Federal governments to embrace our technology.”

CanaPass is now in the process of being distributed across Canada since the recent agreement between Alternate Health and National Access Cannabis (NAC). It will launch in all nine NAC clinics starting in October, and will also be used in new locations of NAC as the company expands. Alternate Health’s new CanaPass system has also been constructed to support full compliance of the distribution and transactions of recreational cannabis as well as medical patients.

Alternate Health Corp. is a company that focuses on using the best in class technology, research, education, production, and laboratories to increase awareness, regulatory compliance, and appropriate usage of cannabinoids in modern medical practices. 

“The CanaPass brand reinforces our leadership position in practice management and electronic records for controlled substances,” says Murphy. “Alternate Health’s commitment to providing the most advanced and up-to-date software solutions is just one of many reasons the American Medical Marijuana Physicians Association (AMMPA) has endorsed CanaPass with the open accountability for the administration of controlled substances. We expect CanaPass to begin to generate significant revenues in the fourth quarter.”

Related posts