Parsl

Dedicated supply chain technology,
for the cannabis industry

The Summary

Parsl is a platform that utilises leading edge technologies to create a supply chain that is efficient, transparent and safe.

The Challenge
The Challenge.
The Challenge

The cannabis industry faces many varied challenges with different rules and regulations around the world. This includes banking, product and financial tracking, compliance, legitimacy, safety, marketing, packaging and a lack of standardisation.

The Journey
The Journey.
The Journey

Parsl is inspired by the revolutionary progress made in cannabis-related medical and scientific research, and the promise that it shows for patients in need. However, patients, regulators and those in the industry are facing unique obstacles that have emerged with the growth of the cannabis industry. Parsl’s vision for the industry, encapsulated in the ITHACA platform, will assist in surmounting these obstacles and relieving the associated tension.

The Solution
The Solution.
The Solution

Parsl has developed a unified approach that will pave the way for greater standardisation across the cannabis industry. This will be achieved through the deployment of the ITHACA eco-system, a platform which customises Parsl's technology for the cannabis industry.

The Team
The Team.
The Team

Parsl is a collaboration between technology, blockchain, marketing and supply chain experts that have come together to disrupt the way traditional supply chains are managed and utilised. Parsl’s ever-expanding team is focussed on changing the way we think about supply chain technology, optimisation and data.

Processors
Growers
Distributors
Transporters
Researchers
Regulators
Dispensaries
Law Enforcement
End-Users

The Users

Parsl provide smart packaging and supply chain tracking.

Processors

Parsl helps businesses that convert raw cannabis into value added products to manage their business operating requirements. Additionally, Parsl provides analytics to illuminate the performance of their suppliers and the sentiment of their end users - all via a trusted blockchain backed dataset, which can then be turned into actionable information for processors. Parsl’s marketing platform allows processors access to a new and unique marketing channel via smartpackaging.

Growers

The Parsl platform will technologically coordinate harvest information, packaging, lab test data, product information and sales into a unified workflow. It will also afford growers access to new marketing opportunities as well as simplified compliance reporting, allowing them to focus on what they do best - growing.

Distributors

Parsl's ITHACA platform removes much of the data storage requirement needed by distributors to manage their inventory levels and business activity.

Transporters

The ITHACA platforms allows for any licensed transporter of cannabis, whether an employee or sub-contractor or independent operator, to operate safely while on consignment by providing secure methods of picking up and dropping off products cashlessly. Monitoring and feedback systems ensure drivers operate in a legal and ethical manner.

Researchers

Cannabis related research requires a solid set of data on the effect of cannabis products on people. Parsl’s ITHACA blockchain will store more than 400 types of compounds on each cannabis item in the market, including cannabinoids and terpenes etc. Further, the ITHACA platform will enable researchers to run clinical trials in a way that data is non-corruptible and easily shareable and able to be combined with other relevant datasets.

Regulators

The ITHACA blockchain allows regulators to audit and analyse the industry in real-time, with full historical data stored safely in the blockchain. Further, Parsl will assist with the calculation and transfer of tax payments as well as allowing the public access to aggregated and anonymised data on how the industry is progressing.

Dispensaries

Parsl will improve the efficiency and increase the security of the the day-to-day business functions of dispensaries. Swift stocktaking can be monitored in real time, compliance reports can be simplified, cashless transactions increase security and smart packaging ensures secure handovers - just to name a few benefits.

Law Enforcement

Parsl's packaging and software has in built measures to ensure law enforcement agencies are alerted to any suspicious or illegal behaviours. This will allow officers of the law to quickly and seamlessly identify individuals and investigate their activity, taking out the guesswork and avoiding problematic confrontations with innocent citizens.

End-Users

Parsl will revolutionize the way in which end users experience cannabis. Product information such as provenance and quality are linked directly to the product purchased. Exciting features such as cashless cannabis, AI virtual budtenders, voice-only operation and product recommendations are just some of Parsl’s offering to the end user’s experience.

Processor
Processors
Grower
Growers
Distributor
Distributors
Transporters
Transporters
Dispensary
Dispensaries
End User
End Users
Researchers
Researchers
Regulator
Regulators
Law Enforcement
Law Enforcement

Why EOS

EOS has built a solution that was designed to support projects that actually want to be deployed on an enterprise scale in the real world.

The EOS governance model allows for the free and fair operation of the platform, so that Parsl can safely rely on its continued operation without fear of corruption and the problems that have plagued other blockchain networks. This ensures that Parsl can protect users and provide a safe, smooth and aesthetically pleasing user experience whilst maintaining the level of security that Parsl requires to interact confidently with any third party involved in the Cannabis Industry, such as cannabis regulators and governments.

EOS smart contracts are written on C++ and ultimately compiled on WebAssembly for ease of deployment, The robust nature of C++ and its active community coupled with the transactional speeds already achieved make EOS the best choice for Parsl to build our ITHACA eco-system.

The "Intent of Code" is Law

Bitcoin
Bitcoin
Efficiency
POW on ASIC machines uses vast amounts of energy
Secure Contracts
Pseudo-anonymity creates lack of integrity in transactions
Dev Languages
C++
Scalability
Peak transaction per second is limited to 3-4
EOS
EOS
Efficiency
Delegated Proof-of-Stake (DPOS), resolves many of the problems seen in POS and POS systems. In a Delegated Proof-of-Stake system, a technological democracy is created by a community of block producers and staked users that agree to a certain set of rules
Secure Contracts
Integrated digital identity allows for real world applications.
Dev Languages
C++ and webassembly for fast and robust development.
Scalability
Up to 10,000 transactions per sec and beyond allowing for applications that have real world transaction requirements to build on EOS
Ethereum
Ethereum
Efficiency
GPU miners collectively using more energy than an entire country *
Secure Contracts
Vulnerable contract code prone to hacker attacks **
Dev Languages
Solidity
Scalability
Current peak transaction per second is 20

The Team


Isaac Balbin

Chief Executive Officer

Zachary Lang

Chief Operating Officer

Ferenc Birloni

Chief Technology Officer

Adam Connor

Chief Information Officer

Nandor Rakosi

Chief Marketing Officer

James Feeney

Chief Blockchain Officer

István Molnár

System Architect

Péter Sánta

Senior Developer

Márta Jankovics

Senior Developer

Ralph Davis Junior

Head of Procurement Operations

Simon Beirouti

Community Manager

Ramon Callis

Analyst

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