Significant Enhancements Drive Usability
and Performance
VANCOUVER, March 27, 2019 /CNW/ - BLOCKStrain Technology
Corp. (TSX:V: DNAX.V) (OTC: BKKSF) ("BLOCKStrain" or the
"Company"), creator of the first blockchain-secured,
fully-integrated IP tracking platform for the cannabis industry,
announced the implementation of several significant product updates
to its core technology, aimed at driving usability, performance and
adoption.
"Product improvements across all verticals are aimed at
improving the user experience, providing ever greater functionality
to ensure quality control and accuracy at every stage - from seed
to product shelf and beyond," stated BLOCKStrain Chief Executive
Officer, Robert Galarza. "We're
excited about the deployment of these developments and believe they
will engender loyalty with all of our user groups."
For consumers, the Company has created a dynamic test
results scan page to provide consumers with integral
product-specific details. With this improved functionality,
consumers can quickly scan the label of a product and assess the
quality and contents of 'BLOCKStrain Certified' products in
real-time. This feature was recently unveiled in conjunction with
BLOCKStrain's entry into a letter of intent with NXT Water, LLC,
with respect to the integration of BLOCKStrain's technology into
the development and launch of NXT's new benchmark brand, AKESO
Functional Fitness Water.
Many of the new enhancements to the Company's software suite
will also improve functionality for distributors. For example,
genetic verification using dual QR codes allows for rapid scan
co-validation between individual product brands and a specific
product type. Testing management, analytics and reporting
dashboards have also been re-designed to help producers and
distributors track volume of product and how many consumers are
accessing testing data, and to provide views into other important
retail data.
Real-time technical and customer support has been built into all
platforms with an internal ticketing system, which ties emails and
notifications to BLOCKStrain's customer service center to ensure a
prompt response to any issues or concerns.
BLOCKStrain's product development team has also created
enhancements intended to appeal to larger, multi-location
companies. Infrastructure and user-experience enhancements are
expected to give customers the flexibility to better manage testing
data across all accounts in multiple locations. The software suite
and document enhancements enable users to create and secure a wider
range of access to their own internal documents -- stored and
accessed from any location at any time.
Cultivators & Producers:
For both growers and licensed producers of cannabis, new product
enhancements are expected to offer greater usability to track and
manage products from seed to sale. Key improvements include:
- Genetic verification using dynamic QR codes for rapid scan
validation
- Testing management dashboard
- Analytics and reporting dashboard
- Real-time technical and customer support built into the
platform, with internal ticketing system tied to emails and
notifications
- Genetics overview (Master Report)
- Multi-company, multi-location account management
- Document enhancements (private/public document types
allowed)
- Product details page with enhanced features & fields
- Batch summary report to scan application with draft
functionality and a PDF writer for clean batch documentation
- StrainVault™ Integration: publishing to allow customers to
publicly announce that their products are genetically verified
- Secure blockchain with visualization console
Laboratories:
New product updates were completed to provide labs with all of
the new tools to manage their orders, billing, documentation and
reporting. This new functionality is expected to allow BLOCKStrain
to accept tests and publish lab results in real time. Key
improvements include:
- Management dashboard
- Real-time technical and customer support built into the
platform, with internal ticketing system tied to emails and
notifications
- Multi-laboratory, multi-location account management
- Document enhancements (private/public document types
allowed)
- Laboratory profile and management console: page for laboratory
information
- Invoice and laboratory submission automation: streamlined lab
test orders for rapid test entry
Distributors:
Product enhancements for distributors are expected to improve
tracking efficiencies, provide data insights and ensure accuracy.
Key improvements include:
- Genetic verification using dynamic QR code for rapid scan
validation
- Real-time technical and customer support built into the
platform, with internal ticketing system tied to emails and
notifications
- Multi-company, multi-location account management
- Document enhancements (private/public document types
allowed)
- Secure hyperledger blockchain with visualization console
About BLOCKStrain:
BLOCKStrain has developed the first integrated blockchain
platform to register and track intellectual property in the
cannabis industry. BLOCKStrain's technology allows cannabis growers
and breeders to identify and secure rights to their intellectual
property and also streamlines the administrative process and
reduces the costs of genetic and mandatory quality-control testing
for legal cannabis. BLOCKStrain's technology is proprietary,
immutable and cryptographically secure, thereby establishing a
single-source, accurate, validated and permanent account for
cannabis strains from ownership to market.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking
statements, which reflect the expectations of management regarding
the Company's future business plans. Forward-looking statements
consist of statements that are not purely historical, including any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Forward looking statements in this news
release include statements relating to: the expected benefits of,
and impact on, the cannabis industry as a result of BLOCKStrain's
technology; and the expected benefits of BLOCKStrain's product
updates and enhancements for users and its software suite. Such
statements are based on management's current assumptions with
respect to the regulatory environment for cannabis, the expected
applications and users of BLOCKStrain's technology; and other
factors, and are subject to various risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements, including that:
BLOCKStrain's platform may not operate as expected; the cannabis
industry may not adopt the BLOCKStrain platform to the level
expected; legislative changes may occur that negatively impact
BLOCKStrain's business; BLOCKStrain's platform may not adequately
protect users' intellectual property; and other factors beyond the
Company's control. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if
they do occur, what benefits the Company will obtain from them.
Readers are urged to consider these factors carefully in evaluating
the forward-looking statements contained in this news release and
are cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by these
cautionary statements. The forward-looking statements in this news
release are made as of the date hereof and the Company disclaims
any intent or obligation to update publicly any forward-looking
statements, whether as a result of new information, future events
or results or otherwise, except as required by applicable
securities laws.
SOURCE BLOCKStrain Technology Corp.