Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 




CyberCar and WebJoint Use #Blockchain to Automate Compliance Reporting for the #Cannabis Industry

 

BOULDER, Colo. - July 7, 2017 (Investorideas.com newswire) CyberCar, the company bringing blockchain to connected cars, is piloting a program this month with WebJoint, a provider of SAAS software for cannabis delivery companies. The pilot will allow WebJoint to offer clients regulation compliance on cargo, vehicles, and drivers through reports automatically generated from CyberCar's blockchain data.

"Compliance reporting has always been the largest hurdle for the cannabis industry," says Chris Dell'Olio, CEO and Founder of WebJoint. "With CyberCar embedded in our solution, we are able to totally automate all municipal and state reporting requirements."

CyberCar secures data to and from connected cars using blockchain technology. Blockchain keeps an unchangeable—or immutable—ledger of important data events. The blockchain is made up of nodes, which form a consensus, and each node has its own immutable record of the same data.

Connected vehicle data is produced onto a computer "gateway" inside the vehicle, then fed into a hosted cloud solution. This data is vulnerable to being altered. CyberCar can protect the data by collecting and recording it from inside the vehicle on the vehicle gateway. CyberCar then stores the data with blockchain on the CyberCar node.

This means that even if the data generated from the vehicle were to be altered in any way, the original data collected by CyberCar would remain unchanged and available for verification on a CyberCar blockchain node.

"By blockchain-enabling data coming off cargo, vehicles, and drivers, we provide an immutable source of data for multiple parties to view and trust," says Pat Kennedy, CEO and Founder of CyberCar. "We are thrilled to work with WebJoint to prove out this technology in the Cannabis industry."

The WebJoint pilot kicks off in July 2017, and the companies will be ready for customers by the fourth quarter of 2017. Two of WebJoint's customers will take part in the pilot, which will involve 10 delivery vehicles. During the pilot, CyberCar's blockchain-enabled Secure Telematics Platform will track cargo, vehicle, and driver, and generate automatic compliance reports from CyberCar's blockchain data.

CyberCar is the Colorado-based company that is bringing blockchain to connected cars. CyberCar's Solutions Lab operates pilot programs with interested partners. To learn more, visit www.cybercar.io. Request CyberCar's white paper. Find out about CyberCar pilot programs.

SOURCE: CyberCar


Bitcoin, Blockchain and Digital Currency Stocks and ICO's

Like Bitcoin, Blockchain and Digital Currency Stocks? View our Bitcoin, Blockchain and Digital Currency Stocks Directory

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner