Blockchain, since its invention, has given such a large number of answers for different ventures throughout the world. As a blockchain fan, it is energizing to see the development of this innovative technology and its various advantageous solutions for genuine issues that would have generally caused the collapsing of various ventures.
In this specific case, Cannacor is a blockchain-based project from Lesotho, which expects to turn into the worldwide pioneers in cannabis cultivation, research, processing and distribution to a worldwide market. The Cannacor project is controlled by people who are knowledgeable about how the cultivation of cannabis functions. To guarantee consistent distribution, the Cannacor venture is utilizing the ground-breaking blockchain innovation to help with the supply chain of medicinal cannabis.
On various events, fake people need to profit to the detriment of blameless individuals' lives. The cannabis business has a flourishing underground market that comprises of purchasers and venders in spite of the legitimization of cannabis in different nations. As per explore, around 80% of cannabis sold in the province of California originates from this illicit underground market.
What individuals neglect to acknowledge is that this illicit cannabis is unsafe for their wellbeing. Cannacor in conjunction with blockchain technology is going to ensure that they manage this catastrophe. Blockchain will upgrade traceability and enable Cannacor to trace unlawful cannabis back to their sources subsequently sparing many lives all the while and limiting the expense of product reviews.
Cannacor will not only trace illicit cannabis but also determine where the product has been distributed to. The issue of the cannabis industry is heavily plagued with illegal cultivators who have no concern about the product’s quality is, therefore, going to be non-existent, with Cannacor.
Another element of blockchain that it is ordinarily known for is that of transparency. Blockchain execution in Cannacor is going to improve transparency both remotely and inside, making Cannacor platform the perfect platform to eliminate different illicit activities that take place in the medicinal cannabis industry. Risk management for both the clients and Cannacor project will likewise be significantly reinforced.
The medicinal cannabis industry experiences various difficulties different from the ones I have referenced previously. Numerous medicinal cannabis dispensaries are typically barred from depositing or withdrawing from first-class banking institutions. This leaves greater part of these establishments with the main choice of depending on cash in hand operations, which is incredibly inconvenient.
Handling huge totals of cash is strenuous, and the clients additionally lose trust in a business when they need to carry out money exchanges all the time.However,Cannacor will dispose of such issues by joining forces with blockchain technology, which is known for its decentralization and lack of intermediaries in transactions(banks).This further demonstrates that the Cannacor project is going to change the medicinal cannabis industry to improve things.
Cannacor is going to revolutionize the entire process of cannabis cultivation, making it as transparent and secure as possible. I cannot wait to see the success of this innovative project, which is going to save many lives from consuming illegal cannabis as well as teach people more about the powerful blockchain technology.
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
🔗 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