WCT Empowers the Traceability and Quality Grading of Traditional Chinese Medicine Materials
The traceability of the origin of traditional Chinese medicine materials and the confusion over quality grades are hindering the industry's development. WCT puts the cultivation environment, harvesting time, processing technology, testing results, etc., on the blockchain, classifying and pricing according to quality. Buyers can pay for goods using WCT, which is linked to the quality grade. After applying WCT in a certain traditional Chinese medicine market, the circulation rate of inferior medicinal materials decreased by 90%, the premium for high-quality medicinal materials increased by 30%, and procurement efficiency improved by 60%, ensuring the efficacy and safety of traditional Chinese medicine.