Rated on Sep 26, 2018
Modified on Oct 19, 2018
KYC was conducted on key members in the team but failed! This is a serious flag.
Will be willing to review this rating again if the team responds.
Jan Scheele Passed
Sardjoepersad (Boy) Ramsahai Passed
Thank you for completing the KYC!
All four advisors are from legal background.
Will be good if the team expands the Advisory Board with wider coverage of talents to make this project successful.
All the best!
Rated on Apr 23, 2019
Well experienced looking team, Decent number of advisors.
Gap between softcap and hardcap is huge. They have their own blockchain which may be the plus point for them. Good luck.
Rated on Feb 26, 2019
Excellent project with a vision that can prove successful if put into practice with attention to detail and commitment from the team. The sector in which they are trying to launch is a rather particular one, full of centralized competitors and now also decentralized, but also illegal, so it will not be easy, but the project has all the credentials to be successful.
Team wide and well composed, even if I could not find the Blockchain developer, while the advisors are only legal. Despite this there is a good activity on github, have been working for months on the product and are building their own Blockchain. They use the PHI1612 as a consensus algorithm, which is a hybrid algorithm, working with PoW and PoS, but they have decided to implement only the PoS, based on the Btc, Dash and Lux networks with their own code. They are working in C++ which is a fairly complex language, so despite not having publicly found the Blockchcain developer, below, the work is done.
Social and communication channels held very well, updated and with a consistent and active community. The telegram channel is also "rich" in community and with a good and punctual service from the administrators. The website and the whitepaper made with accuracy and pleasant to see / read, detailed and treated in detail. For a project like this the best option is being open source and with own chain, so I fully support the team's choice to develop its own ecosystem. The distribution and use of funds are balanced and well distributed, but I have not seen any reserve fund, every company needs a reserve fund, be it Blockchain or not.
The business plan is clear and mass adoption will not fail if the team meets the necessary parameters. In addition, the token, thanks to the Pos, has a well-defined sense and helps the ecosystem to stand up, turning everything around it. Unfortunately there is still no MVP available and the Blockchain (according to the team members) is under development, but the testnet is not online yet. This explains my partial 3 to the product, but I will follow the trend in the coming weeks and as soon as the testnet is released I will try it and based on the operations I'll review the rating.
All in all, a great project, which only needs some touch and small improvements, but the way is the right one (in fact they have already reached the Softcap).
Good luck with Crowdfunding
Rated on Sep 14, 2018
Modified on Sep 14, 2018
Very ambitious project, too ambitious actually. Own blockchain, payment solution, supply chain solution, rating, identity - you name it... That is not good since it's million times harder to execute. If they would choose one and then take on the rest if the first step is successful, it would be much less risky. They do know their market and have partnership relationships, which is very positive.
Firstly, thank you for your review!
I just want to clarify that we do not plan to implement all three phases at once. Our payment solution can be used starting in July 2019 (when the ICO has ended). We will relase our MVP of the payment solution in December of this year.
Our supply chain solution is scheduled for the second half of 2020, and our trust and reputation phase somewhere in 2021.
I hope this clears things up!
Rated on Apr 28, 2019
Modified on Apr 28, 2019
As the Canadian and US cannabis markets undergo huge investments, the challenge still remains for this industry to build a network and commerce infrastructure which provides payment and oversight of the supply chain. Banking and auditing continue to be roadblocks to full adoption.
BitCanna looks at the problem in a different way by building on a European network of cannabis providers with the BitCanna alliance. The alliance ensures the voice of the industry supports the massive growth and needs of the users of cannabis with its suppliers and distributors.
To manage the wake of adoption as countries and government grapple with the regulation of cannabis for retail and medical use. The industry has a higher probability to succeed if the underlying community is on the same vision to assignment which manage the supply chain from seed to dispensary.
Moreover, the capability to track, audit, and manage the thousands of cannabis products, offers a beautiful approach to govern the channels of commerce, point of sale, and scale across multiple payment gateways commonly used today in purchasing retail products today.
If Bitcanna can make it easy for Europe to adopt and enjoy cannabis, we should see other opportunities develop for this billion dollar industry.
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