Even although the legalization of hashish is gaining traction, the hashish trade continues to be largely fragmented because of the financial ecosystem that is still shrouded in black market practices. Budbo would be the first-of-its-kind, totally built-in blockchain-based resolution for the clear, standardized, and controlled interplay between hashish customers, dispensaries and couriers. Budbo is a best-in-class platform already actively being utilized by greater than 75,000 cell customers and over 2000 suppliers (dispensaries). Budbo consists of a cell phone app and a cloud-based backend enterprise intelligence platform. The platform is designed to match hashish customers’ prime picks or shut matches of hashish strains and merchandise and direct them to close by dispensaries that are carrying these merchandise. The platform additionally offers a supply monitoring service aimed toward guaranteeing full visibility and compliance into the hashish supply course of.
Budbo has over 150 automobiles at present being tracked day by day. To spherical out the providing and supply a rewards program, we at the moment are combining this hashish product pursuit and monitoring platform with the crypto blockchain mannequin. The blockchain mannequin will simply accommodate a number of phases of the hashish pursuit, gross sales and logistics processes, addressing the next:
• Recording and Storing Product Life Cycle Events
• Verifying Patient Identification
• Transaction Assurance
• Equipment Ordering
• Inventory Management
• Seed to Sale Tracking
• Client Management
• Delivery Tracking and Verification
• Platform Analytics
The blockchain expertise affords a approach to streamline all these channels concurrently because it holds an immutable ledger that leverages crypto-tokens constructed on sensible contracts. Budbo Token transactions will probably be immediate, and common transaction affirmation time will probably be inside minutes. All transactions will probably be secured with state-of-the-art cryptography, and blockchain integrity will probably be protected by CPU environment friendly ASIC resistant proof of labor. This distinctive mannequin permits us to fill quite a few operational and course of gaps for hashish companies. The adoption of blockchain cryptocurrency expertise is the subsequent logical step within the improvement and development of Budbo’s platform. It permits us to create a construction that solves lots of the points surrounding the provision chain administration of the hashish trade.