Even though the legalization of cannabis is gaining traction, the cannabis industry is still largely fragmented due to the economic ecosystem that remains shrouded in black market practices. Budbo will be the first-of-its-kind, fully integrated blockchain-based solution for the transparent, standardized, and regulated interaction between cannabis users, dispensaries and couriers. Budbo is a best-in-class platform already actively being used by more than 75,000 mobile users and over 2000 suppliers (dispensaries).
The focus of the Token Sale is to rebuild Budbo in blockchain’s image - Adding a much needed layer of security and transparency within the cannabis industry.
The adoption of the blockchain model will allow the Budbo application to deliver working modular code and a sandbox environment to minimize development time, infrastructure and investment. The application will use an agile design approach and industry-leading Ethereum blockchain technology.
As Budbo’s blockchain application is available via the cloud and compatible with today’s hybrid cloud environment, dispensaries will have the ability to experiment without additional infrastructure expense and get to market faster to a global community of cannabis users.
Blockchain Benefits: Use of Blockchain
Blockchain technology is an emerging way for businesses, industries, and governments to almost instantaneously make and verify transactions—streamlining business processes, saving money, and reducing the potential for fraud. At its core, a blockchain is a data structure used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.
The result is a more open, transparent, and publicly verifiable platform that will fundamentally change the way users, dispensaries and couriers interact and exchange value and assets, enforce contracts, and share data across channels. The Budbo application using blockchain creates almost limitless possibilities for growth and social interaction, ranging from product matches and direct organic advertising to instant payments and more efficient supply chain and inventory management.
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Publisher of Blockchain News (EST 2015), Director of Blockchain Partners, Director of Token.Agency Rated on Feb 12, 2018
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I think there's massive opportunity in merging cannabis industry with Blockchain. The advisers and team both look strong. Product makes sense and is needed. Good Job!
There are a lot of other marijuana coins, so in my opinion it will be a bit of an uphill battle against some of the other competitors who entered the market earlier.
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