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Rental Equipment/Real Estate/Pot Company Is The Latest To Go Blockchain

India Globalization Capital (IGC) — the rare heavy-equipment rental and real-estate-management firm that also has a ... X The company, which is based in Maryland, said on Tuesday that it will use blockchain, the digital ledger technology behind Bitcoin ...

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BREAKING: Nasdaq Leads Stocks Lower As Apple Ecosystem Drags .st0{stroke-width:0.5;} header path {stroke: #1649b0; fill: #1649b0;} header .st0 {display:none;} header svg { width: 50% } News Shopping Cart Your cart is currently emptyVisit the IBD Store to get started. Market Trend Market Trend The Big Picture Stock Market Today IBD's ETF Market Strategy Psychological Market Indicators New? Start Here Stock Lists Stock Lists My Stock Lists IBD Big Cap 20 IPO Leaders Stocks Near A Buy Zone IBD 50 New Highs Global Leaders Your Weekly Review Sector Leaders Relative Strength at New High Rising Profit Estimates Tech Leaders Stock Spotlight CAN SLIM Select Stocks that Funds are Buying IBD Data Tables New? Start Here Stocks On The Move Research Stock Research IBD Stock Checkup IBD Charts ETFs & Funds Investing Action Plan The Income Investor ETF Center Earnings Preview Industry Snapshot IBD Industry Themes Earnings Calendar Short Selling Futures & Options IBD Stock Analysis Swing Trading Bonds New? Start Here The New America IBD Data Stories Premium Investing Tools Leaderboard Swing Trader eTables Top Rated Stocks Under $10 MarketSmith News NEWS eIBD Best ETFs Technology ETF Leaders Click Tech Blog Best Mutual Funds FANG Stocks News Economy Retirement Economic Calendar Personal Finance Financial Advisor Briefing Special Reports Management Industry News Pages Politics Politics Editorials Trump News & Tweets Commentary The Trump Economy Columnists Economic Optimism Index Policy & Analysis IBD/TIPP Poll IBD Videos IBD Videos Investing Videos Home Study Programs Webinars How to Invest Lesson Topics Getting Started with IBD The CAN SLIM Investing System How to Time the Stock Market How to Find and Evaluate Stocks How to Read Stock Charts How to Buy Stocks How to Sell Stocks Swing Trading Educational Resources New to IBD IBD Meet-Ups Ask IBD Investor's Corner IBD Key Terms IBD Live Workshops IBD Home Study Courses Webinars Leaderboard Swing Trader MarketSmith Store Hi MY IBD SIGN OUT My Products My Favorites My Stock Lists Edit Sign In Shopping Cart Hi SIGN OUT My Products My Favorites Edit My Stock Lists window.postID = 3045953; News Rental Equipment/Real Estate/Pot Company Is The Latest To Go Blockchain BILL PETERS 12:33 PM ET Reprints India Globalization Capital (IGC) — the rare heavy-equipment rental and real-estate-management firm that also has a medical-marijuana component — has become the latest company to see its stock levitate into the heavens after making the conversion to blockchain. X The company, which is based in Maryland, said on Tuesday that it will use blockchain, the digital ledger technology behind Bitcoin, to "address issues specific to the medical cannabis industry." Those include "product identification assurance," the company said, and the over-labeling or under-labeling of cannabis products sold online. Last week, Long Island Iced Tea (LTEA), a company that sells iced tea, said last week that it would rebrand as Long Blockchain — an announcement that drove its stock 183% higher. Riot Blockchain (RIOT), which took on that name this fall, was once a biotech company known as BioptixShares of that company have also surged as it backs blockchain and cryptocurrency-related endeavors. Shares of India Globalization shot up 85% to 1.22 on the stock market today, but had been up as much as 147% earlier in the day. Riot Blockchain jumped 21%, while Long Island Iced Tea fell 10%. IBD'S TAKE: As Bitcoin roils, can futures and regulation tame it in 2018? For more analysis, read this story.  Meanwhile, blockchain has been seen as a more efficient, tamper-resistant way of recording information of all kindsOthers have worried that the hype has led to bubblelike conditions. India Globalization Capital's move also comes as cannabis-related startups grow rapidly in anticipation of broader legalization. The company's product is a cannabis-based drug candidate for Alzheimer's patients called Hyalolex, it saysThat drug is intended to relieve effects associated with the disease, such as anxiety, agitation, sleep disordersThe company also notes that the drug can alleviate caregiver distress. "As we work to develop blockchain in the rollout of Hyalolex, our goal would be to establish a universal cannabis platform applicable to solving multiple industry challenges facing dispensaries and consumers," the company's CEO, Ram Mukunda, said in a statement. "This would include addressing issues such as transactional difficulties, inadequate product labeling, product identification assurance (PIA) and product origin assurance." YOU MIGHT ALSO BE INTERESTED IN: Bitcoin And Cryptocurrency News And Trends Bitcoin Rebounds After Last Week's Meltdown; Ethereum, Litecoin Up Here Are The Latest Stocks Joining The Bitcoin Frenzy Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks Looking For The Best Stocks To Buy And Watch? Start Here

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