Follow us on or join ours

Technology blockchain it is implemented in various fields, the circle of which is successively expanding. Since it covers more and more new areas, why not try with the marijuana industry? Cannabis and blockchain this combination is intriguing in that both issues raise as much doubt, including legal, as enthusiasm.

Blockchain in the cannabis industry

Although marijuana as a light drug has not been legalized by many countries, its cultivation has become one of the fastest growing industries on a global scale. Companies participating in the cannabis market reach for more and more modern solutions to improve their operations. It was therefore a matter of time to use blockchain technology in this area. The idea turned out to be as promising as it was controversial.

What can blockchain give the marijuana market?

Given the specifics of blockchain technology, it seems obvious that it will provide the cannabis industry with greater regulatory transparency. Thanks to it, it will be possible to track the services of companies whose business is hemp.

Both financial and governmental institutions will be able to take advantage of this.

What's more, blockchain ensures effective quality control, which is particularly important for a product like cannabis. Its recipients, thanks to block chains, will be able to track all significant information about available marijuana.

ParagonCoin and PotCoin

One of the first companies to use blockchain in the cannabis industry is the paragonco,

It provides the right modules for marijuana cultivation and production, its distribution, transport, testing and company management. The most important thing is, according to Paragon representatives, that blockchain and cannabis, when combined, will ensure greater transparency of the industry, thus making consumers more aware of various issues related to it.

Another solution that allows the world cannabis industry to approach the blockchain technology is a decentralized platform Potcoin, which enables marijuana supporters to transfer funds, complete transactions, and communicate with each other.

 

3.7 / 5 - (3 votes)
We invite you to visit our other portals Exclusive.net, LuksusoweHotele.pl and Golabek.pl

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency tokeny.pl website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. Tokeny.pl is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters