Blockchain technology since its creation has provided so many solutions to various industries all over the world. As a blockchain enthusiast, it is exciting to see the growth of this technology and its numerous beneficial solutions to real-world problems that would have otherwise caused the downfall of numerous industries.
In this particular case, Cannacor is a project from Lesotho which aims to become the global leaders in cannabis research, cultivation, processing as well as distribution to a global market. The project is run by individuals who are well educated on how medical cannabis cultivation works. To ensure seamless distribution, the Cannacor project is employing powerful blockchain technology to help with the supply chain management of medical cannabis.
Blockchain technology is going to improve traceability in the Cannacor system a whole lot. The Cannacor system is going to be able to trace unsafe products back to their source and also determine where they have been distributed. The cannabis industry and the global market are heavily affected by the challenge of illegal cultivators who have no concern about the quality of their final products.
You will realize that, on numerous occasions, fraudulent individuals want to make money at the expense of innocent people’s lives. The cannabis industry has a thriving black market that consists of buyers and sellers despite the legalization of cannabis in various countries. According to research, around 80% of cannabis sold in the state of California comes from this illegal black market.
What people fail to realize is that this illegal cannabis is harmful to their health. Cannacor and blockchain technology are going to make sure that they deal with this challenge. Blockchain will enhance traceability and allow Cannacor to trace illegal cannabis back to their sources thus saving hundreds of lives in the process and minimizing the cost of product recalls.
Another feature of blockchain that it is commonly known for is that of transparency. Blockchain implementation in Cannacor is going to enhance transparency both externally and internally making the platform the ideal project to replace various illegal functions that go into the medical cannabis industry. Risk management for both the users and Cannacor platform will also be greatly strengthened.
The medical cannabis industry undergoes numerous challenges apart from the one I have mentioned above. The majority of medical cannabis dispensaries are usually prevented from depositing or withdrawing from elite banking institutions. This leaves majority of these businesses with the only option of relying on cash in hand operations which is extremely inconveniencing.
Handling large sums of money is strenuous and the customers also lose trust in a business when they have to carry out cash transactions all the time. However,Cannacor is going to eliminate such issues by incorporating blockchain technology which is known for its decentralization and elimination of third parties in transactions(banks).This further proves that the Cannacor platform is going to completely transform the medical cannabis industry, for the better.
CONCLUSION.
Illegal black markets for cannabis are about to be taken out of the picture by the Cannacor platform. This is going to save lives and prevent people from suffering from serious illnesses. Cannacor is the ultimate project to avail the world with various medical cannabis products for various medical conditions and also implement blockchain technology to the cannabis industry.
CannaCor and Blockchain Corp Official Links
🔗 Website: https://cannacor.io/
🔗 Whitepaper: https://cannacor.io/assets/Cannacor-Whitepaper.pdf
🔗 Investor Dashboard: https://ico.cannacor.io/register
🔗 Telegram: https://t.me/cannacor_BBC
🔗 LinkedIn: https://www.linkedin.com/company/canna-cor-pty-ltd
🔗 Twitter: https://twitter.com/canna_cor
🔗 Facebook: https://www.facebook.com/cannacor
🔗 Reddit: https://www.reddit.com/user/Cannacor
🔗 Medium: https://medium.com/@CannaCor
Blockchain Corporporation:
🔗 Website: https://blockchaincorporation.org
🔗 Telegram: https://t.me/cannacor_BBC
🔗 LinkedIn: https://www.linkedin.com/company/blockchaincorporation
🔗 Twitter: https://twitter.com/block_corp
🔗 Facebook: https://www.facebook.com/Blockchain-Corporation-104758327548411
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ Images credited to Cannacor WEBSITE
