One of the top ICO review and listing sites, hype.codes has recently ranked Budbo, the Global Cannabis Blockchain Supply Chain Management Platform as the best ICO of the month. The ranking based on the voting made by crypto community shows that Budbo has gained immense popularity since its launch, as being a revolutionary platform for the global cannabis industry.
The Background
Though the cannabis legalization is the need realized by the masses, the cannabis industry is still faced with fragmentation because of the shrouded economic ecosystem dominated by black market practices. Budbo Inc. brings the blockchain-based solution to meet this challenge.
About Budbo
Budbo is a global cannabis blockchain platform developed to offer transparency, efficiency and data-driven analytics into this emerging industry. It is the world’s first fully integrated blockchain based solution for cannabis legalization, medical research, and the entire cannabis ecosystem. Based on the GPS technology for monitoring the cannabis movement from start to sale, the underlying blockchain lets Budbo and the industry to monitor the complete cycle from grower to consumer.
Forming a network of immutable and verified data accessible to the public also regulates and standardizes the transactions between the cannabis users, medical research resources, dispensaries and state and federal government entities. The native token of Budbo serves as the API key to exchange global cannabis data and relevant insights into the processes all across the sectors of the cannabis industry. The global cannabis blockchain platform also helps in ensuring compliance, regulation, and transparency for the state and federal governments, leading to a legalization movement.
How Does It Work?
Bubdo is currently being used by over 75,000 mobile users and more than 2000 suppliers (dispensaries). It is based on a mobile phone app and a cloud-based backend business intelligence platform that has been designed to match the cannabis users’ top choices or close the matches of cannabis strains and products while directing them to the closely located dispensaries carrying these products.
Integrated with delivery tracking service, Budbo ensures complete visibility and strict compliance into the cannabis delivery process. More than 150 vehicles are tracked by Budbo every day, at present.
Budbo transactions are instant where the average transaction confirmation time span is less than a minute. All transactions are secured with state-of-the-art cryptography, while CPU efficient resistant proof of work protects the blockchain integrity. The Budbo business model fills a number of procedural and operational gaps for the cannabis businesses.
The Tier 2 of Budbo token sale is going on, after the successful closing of pre-sale and Tier 1 of token sale. To know more about the platform and purchase Budbo tokens, please visit https://www.budbo.io/