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Through a lot of projects I learn, I appreciate this project as well. With a good idea, there is a team of talent and are working hard. I believe this project will be successful. Everyone should consider it and I think this is a great value opportunity in the long run.
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The blockchain is where the true value lies in cannabis.
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Blockchain technology is providing more cannabis businesses with access to a platform and changing the way the industry as a whole handles payments.
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This is where the blockchain could easily fix the cannabis industry. By attaching the codes and labels already being traced, the information is easier to store, archive, and search.
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The real pain point that blockchain can resolve for the cannabis industry is in the seed-to-sale tracking.
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One of the benefits of a Cannabis industry on a Blockchain is that its security doesn't rest solely on one point or person, but on hundreds of nodes in the system that verify each transaction.
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Slowly, but surely, the blockchain has started providing solutions to the cannabis industry that weren’t possible just 10 years ago.
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Jibbit projects Blockchain technology can help cannabis companies meet regulatory requirements by offering immutable records showing the source of each plant in a harvest, where it is processed, how it is shipped and where it is distributed.
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Because of the recent blockchain-based projects like Jibbit, we can finally meet innovation and bring cannabis cultivation with its feet on the ground!
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It should make payments with cryptocurrencies on a world-wide basis suitable for everyday use.
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Many business just can’t work with banks, and so they’re looking for different payment solutions. The main way you can get around that is through blockchain technology because not only is it quick, but at the same time it is a universal platform.
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By using the Blockchain technology, the business demonstrates the worth of this revolutionary movement of the crypto-community and how we can produce the world a bit better.
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Slowly, but surely, the blockchain has started providing solutions to the cannabis industry that weren’t possible just 10 years ago.
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The technology that powers bitcoin could be deployed to track the flow of legal product in Marijuana market without compromising the privacy of its customers.
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With blockchains, such a tracking system could document every stage of the cannabis production process — from the time of harvesting to the product’s final sale to end users.
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Blockchain can also better manage the cannabis supply chain by pinpointing the inefficiencies, which are way superior to paper-based trials. By eradicating paper and building a real-time trail that can be followed by businesses, blockchain will allow marijuana companies to enhance their operations and reduce costs.
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Cannabis Industry's challenge could be overcome if blockchain technology is introduced to the market. With blockchain it would be easier to trace every activity and product in the market, starting with the plant and down the transaction chain to the amount sold to the final consumer, securely ensuring that producers and users do not exceed state limits.
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Jibbit will surely bring a positive impact to Cannabis industry. I can see the great potential of this project.
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A very good and interesting project for everyone, because this project is very good and has a very strong and professional team.
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Without a doubt, there's a huge opportunity to digitize the cannabis industry, which has remained reclusive and discreet for years. With more countries moving to legalize cannabis, the industry seems ripe for disruption and Jibbit bills itself as the solution.
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