On October 10th, Multichain Ventures and Tabu Equity Investments signed a Memorandum of Understanding (MOU) with the intent of exploring a partnership. The purpose of this partnership is to build out compliance software for the cannabis industry using blockchain technology.

The two companies are pursuing a number of joint venture opportunities, but this agreement is the first formal agreement in their relationship. Tabu will market Multichain Ventures into Asia and EU markets through affiliated partners.

The partnership will consist of a 9-month pilot program where Tabu will run a trial period of the digital currency payment processing software produced by Multichain Ventures Inc. This software will be provided through the Tokes platform, a Multichain subsidiary brand.

During this time, Tabu will have all subscriptions, transactions, and trade processing fees waived. The trial period’s key benefit to Multichain is for research and development, as quick iteration and improvement of the platform is currently the highest priority.

While Tabu receives unrestricted and fee-free access to the platform, they will be expected to provide beta-user feedback on its business integration, ease-of-use, and features.

This will allow for Multichain to deliver improved functionality of the software and open up the possibility for a 12-month subscription agreement following the pilot program.