Founded in 2016 and launched in 2019, Chem ID is the first end-to-end SaaS solution to support chemical analysis and data management for raw and finished consumer products.
o The software provides a mission critical industry-standard for data associated with controlled substances, supporting the ability to Test, Track, Trace, Transport and Tax - “T5”
o Once integrated, each test of a product generates a unique blockchain marker (“hash”) in the platform, that travels with it through the supply chain, with a new hash issued at every re-test (e.g., when crossing a border or through the production process) – generating royalties at every stage
o All data on the platform, secured in the cloud and authenticated on the blockchain – the most secure solution in the market
• Current focus on supporting T5 for cannabis and cannabis-derivatives
o Presents attractive growth dynamics in a sector with fast-growing adoption and significant requirements to support mainstream market infrastructure
o In this context, Chem ID solves a fundamental problem for every participant in the market ecosystem, supporting adoption – governments, consumers, and producers.
• The solution has significant first-mover advantage, and is building a material business moat
o The core software product, Cann-ID (focused on Cannabis products) has already developed market recognition - endorsed as Best Developed & Available Technology (BDAT) by SCOHO an industry tech. review group of association organizations representing over 91% of the total Hemp Industry membership and by McGriff Insurance, a division of Truist, offering crop insurance to farmers
o Currently supporting governments to write their rulebook around T5 in the cannabis market segment
o Product offering is a key enabler for driving interstate, transnational, and international commerce throughout the market
o Critical incumbency and relationships with large testing providers as well as government agencies in major cannabis markets.
Company Details
- Founded
- -
- Address
- 3636 Dime Circle, Suite A, Austin,texas 78746,united States
- Industry
- Biotechnology Research
- NAICS
-
Research and Development in Biotechnology (except Nanobiotechnology)
- Website
- https://www.cannID.com
- Keywords
- Agriculture, Data Analytics, Chemistry, Analytics, Cannabis, Hemp, Cannabinoids, Potency, Lab Testing, Farming, Extraction, Hemp Farming, Cannabis Farming, Cannabis Extraction, Hemp Extraction, Crop Analytics, Chemical Analytics, ChemoMetrics, ChemoTyping, CME, Analytics.
- HQ
- Austin, Texas
Cannid Questions
Cannid's website is https://www.cannID.com
Cannid's LinkedIn profile is https://www.linkedin.com/company/cannid
Cannid's industry is
Biotechnology Research
Cannid's categories are Biotechnology Research
Cannid's founding year is 2016
