CanCoin: A Decentralized & User friendly solution for the European cannabis industry

in thecancoin •  3 years ago  (edited)

The CanCoin project aims to create a global community which consist of developers, influencers, crypto investors/traders just like social media at the beginning. The community of this platform though have their individual identities but yet they exist as a part of a huge joint family on this platform. They can interact with each other, share their ideas and help each other. The community got the voting power and they can decide what is good for the platform to grow rapidly. The project is moving ahead by gathering like minded people who decide the future development strategies and required tools for future growth of the platform.

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The CanCoin Ecosystem

The legal cannabis industry is a multibillion-dollar market encompassing sectors such as healthcare, pharmaceuticals, FMCG, and industrials. The Euromonitor has projected an increase in legal cannabis sales from $30 billion in 2020 to $95 billion by 2025.

But the problem is that there are too many restrictions as the prevailing system is totally centralized that means there are too many documentations & inquiries that you can not operate freely and interact with your parties to conduct best deals. Lot of cross border restrictions and depending on third parties to conduct your transaction is like a slavery not a chance to become a master of your fields.

So to challenge the existing flaws and develop a user friendly platform in accordance with such a protocol that is obliging the laws and providing best solutions to grow your business where everyone can get access to worldwide market and use the technology development to get best payment solutions while doing peer to peer transactions in transparent and anonymous environment while getting fat speed with very low fees.

This platform is using technology developments in its full potential but do not compromise with the fund security of its users. The transactions on the platform are conducted while following all the norms of blockchain technology. The transaction is executed by the Smartchain and Smart contracts of the platform only when there are certain conditions are met. There are miners that will make it sure that the deserving person will receive the funds without any hacking or data manipulation. The whole system is transparent and the transaction is executed in user’s account and the processed and executed data is always available in a distributed ledger on blockchain where any one can see the authenticity of executed transaction.

Following points are the best illustration of this platform’s characteristics and importace :

  • Track & Trace
    To finance seed-to-shelf tracking technologies (from genetics to finished products). The buyers and sellers are now able to communicate on this innovative platform as like a social media platform and the direct dealings are done without involving third parties. The transactions and transparent and the users can track worldwide economy to get best deals.

  • DNA Storage
    To finance DNA software storage and tracking technologies that allow for the customisation of plant-based medicine based on each individual's DNA.

  • Medical Use
    To finance the development of a monitoring app for medical cannabis patients, as well as the development of secure medical ID cards for cannabis patients. The blockchain technology has enabled The CanCoin ecosystem to get and keep track of each and every person who need medical assistant. Also the patients are able to use the platform can get their advanced booking for the treatment and expert opinion to get best treatment that will be peer to peer and the users are not forced to reveal their identities. The whole system is much secure and immutability is one of the best features of the platform.

  • Payment
    To finance new payment gateway solutions for cannabis products (TheCanCoin wallet).

  • New Standard
    Establish a new industry standard currency for global payments and processing.

Strong Team & Sound RoadMap

This project is led by an innovative and hardworking team that is having tons of experience in blockchain and different sectors of the economy. The team is always in touch with best developers to support and deliver the project ecosystem with perfection by kicking out third parties and bad actors of the market. The CanCoin is an independent identity and this platform is heaving a strong team and enough resources to create and implement best future development strategies as it is reflected in their RoadMap:

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Useful Links to get more information

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