Updated: Apr 22
Q2 2020 News
Hempliance Inc.garnered First-Place in 2020 Blockchain Challenge Competition held by PalmettoChain, SC Blockchain Association UofSC McNair Institute for Entrepreneurship
The McNair Institute for Entrepreneurship at the University of South Carolina announced the selection of the first-place award winner Hempliance Inc, a secure blockchain solution for the hemp supply chain. The integrated software system has several components, including a hemp grower app that can be downloaded from Google Play or the Apple Store for use on GPS-capable smartphones and tablets.
"As a state with one of the longest histories of agriculture in North America and one of the largest to grow hemp as a major agricultural product from the 17th to the 20th centuries, we are glad to see the reemergence of the product in South Carolina. Due to the regulations that are enabling the growing of hemp in our state, we found the Hempliance application to be very timely in the emergence of the South Carolina Hemp market,” said Dr. Gordon Jones, Professor of Blockchain at the University of South Carolina and Mentor in the McNair Institute for Entrepreneurship. “In everything we do in South Carolina, we always push to be the leader. With this award to the Hempliance Team, we hope to foster a long-term relationship with them as we collaborate to serve the new farmers, suppliers, and manufacturing industries leveraging Hemp."
“We were honored to receive first place in the entrepreneurship challenge for our blockchain-based hemp supply chain compliance portal,” said William Whatley, Chief Architect of Hempliance, Inc. “We based our secure software system on blockchain because of its proven advantages for permanent and transparent track-and-trace reporting. Enabled by AI, apps, databases and dashboard components, blockchain delivers the accountability to meet all USDA and state legal requirements. A simple website-based system could not meet these legal requirements.”
How It Works
The Hempliance software system overcomes the legal hurdles industrial hemp growers face to satisfy stringent compliance rules at every step in the process. It eliminates the burden of time-consuming paperwork and streamlines audits. Blockchain is a reliable distributed data system that engenders trust for every transaction in the supply chain of industrial hemp. The immutable blockchain records of laboratory tests and compliance documentation provides transparency for verification of crop genetics via DNA markers, digitized sampling and testing data, back-end analytics and banking compliance—all of which are crucial for seller credibility and shipping manifests, as well as USDA and state compliance requirements. Large buyers, banks and crop insurers can manage their risk reviewing blockchain events that record the grower’s real-time crop metrics throughout the growth cycle and sales process—Plot-to-Purchase.
Hempliance is a registered trademark. All rights reserved. About Hempliance Inc.
Hempliance Inc. provides a secure Plot-to-Purchase platform for the hemp supply chain. The Austin-based company offers blockchain-based software solutions for chain-of-custody, tracing, tracking and compliance documentation for hemp growers, samplers, labs, hemp processors/buyers, shippers, banking, insurance providers and anyone subject to industrial hemp regulations in the USA and Canada.