SARASOTA, Fla.--(BUSINESS WIRE)--LevelBlox, Inc. (OTCQB:LVBX) (“LevelBlox”), a leading developer of Software Asset Management (“SAM”) applications and enterprise Blockchain platforms on the Oracle Blockchain Cloud, announced today that it has signed a Blockchain development agreement with AltMed Florida, a licensed cultivator, manufacturer, and distributor of medical cannabis in the State of Florida.
The agreement encompasses the development of a Seed-to-Sale Blockchain Application, which will enable AltMed Florida to more effectively track and monitor every aspect of the entire growing process for compliance and maximizing yield.
LevelBlox has developed Blockchain-based SAM license reconciliation and audit solutions on the Oracle Cloud Infrastructure platform, which establishes a validated trust relationship with software vendors and their customers that will help mitigate and eliminate the need for aggressive and litigious hard audits, and significantly reducing or eliminating the cost of license audits, compliance, legal, double spending, and true-ups.
"We're excited to sign this agreement and bring our expertise in the Cannabis grow market to the Blockchain, especially with a respected partner such as LevelBlox," said AltMed Florida’s CEO John Tipton. "The U.S. cannabis market is projected to expand rapidly over the next year, and we are looking forward to providing the Florida market with the best products available, utilizing the most advanced technologies in Blockchain."