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Budbo

Supply Management on a Global Cannabis Blockchain

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).

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~$30,000,000
value of tokens sold in ICO
Trading
0.03 USD
From HitBTC on 2018-05-22 12:00:12 UTC
Token
Price in ICO
0.35 USD
preICO start
27th Nov 2017
preICO end
29th Jan 2018
ICO start
29th Jan 2018
ICO end
5th Mar 2018
Report

About Budbo

Enter the Blockchain

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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