IOtA partnering with Smart Energy Hackathon

For Data Integrity and distribution we will utilize IOTA which has no scaling limitations on transactions. Through IOTA’s next generation distributed ledger ‘Tangle’ which consists of a pure Directed Acyclic Graph (DAG) instead of a sequential chain of blocks ParagonCoin will be able to transmit and secure all kinds of data in a tamper proof fashion for free. ViaIOTA we can build an entire end-to-end verifiable audit trail of all the data and information pertaining to the cannabis produce for free at a fine granular level in real time, ensuring full transparency of provenance and meta information such as whether the cannabis is organically grown, exact amounts of pesticides/herbicides used, eco friendly certifications, THC/CBD ratio etc. Having a complete data audit trail with cryptographically ensured integrity of every aspect from production to consumption will be a game changer in enabling a thriving and sensible cannabis industry.In the future ParagonCoin will also explore utilizing the unique approach that the IOTA platform takes to ‘oracles’, identity and other parts of it's development roadmap.

/r/IOTAmarkets Thread