THELOGICALINDIAN - Blockchain technology has the abeyant to reinvent a huge cardinal of absolute all-around industries with companies appropriate now aggravating to shakeup every amplitude from biking to communication
But it’s not aloof bound to boilerplate sectors. Blockchain technology is additionally actuality acclimated to accouterment issues that abide in industries that ability be advised binding but, at the aforementioned time (and about as a aftereffect of this categorization), can account as abundant or added from a blockchain shakeup than can added acceptable sectors.
One of these industries is the medical and recreational cannabis amplitude — and the aggregation that’s positioned itself to drive the shakeup is Budbo.
Some account this ability already be accustomed with Budbo. It’s an appliance that’s been dubbed the ‘Tinder of cannabis,’ through which users are able to bash appropriate or larboard on assorted cannabis strains and, based on the alternative abstracts pulled from their swiping, can locate dispensaries that advertise the cannabis strains they prefer.
It’s a accurate abstraction and one that’s already fatigued a lot of users to the appliance (at the latest count, the Budbo appliance had added than 75,000 alive users). However, it’s proving to be far added than aloof a cannabis best and area application.
Budbo is aggravating to use blockchain technology to advance the use of cannabis as accepted medicine, abnormally in the eyes of the accepted public, and it is afterwards in accomplishing absolutely that.
Data is aggregate these days. Nearly every appliance we use collects and food abstracts about who we are, area we are and what we do, but, with the appearance and affiliation of blockchain technology, the way this abstracts is stored, interpreted and, ultimately, used, is changing.
Budbo has accustomed this and is harnessing the ability that comes with the appliance of the blockchain to abstracts accumulating and abetment in the cannabis space.
As users collaborate with the application, it collects abstracts based on alone preferences and adventures of the cannabis users with anniversary of the assorted strains and berth locations.
This abstracts will be aggregate and stored on the Budbo blockchain, area it can again be accessed and acclimated by a array of absorbed parties to acquaint a advanced ambit of decisions.
Say, for example, a berth wants to apperceive which strains cannabis users in its around adopt to consume. The berth can use the abstracts stored on the Budbo blockchain to acquisition out and can again use this advice to acquaint its account acquirement decisions. If lots of bodies who alive abreast the berth like a accurate strain, for example, the berth can ensure it’s consistently got affluence of that ache in stock.
As addition example, accede an alone adversity from PTSD who wants to apperceive which ache ability be the best able in abating affection of the condition. The alone can arch over to the Budbo appliance and acquisition out from added sufferers who accept logged their adventures on the company’s blockchain which strains are acceptable to be the best effective.
One of the affidavit this industry charcoal a binding industry and, in band with this, a ‘shady’ industry in the eyes of many, is its affiliation with bent use. Through the appliance of blockchain technology to the space, which, by its attributes is accessible and transparent, Budbo has the abeyant to legitimize the industry to a ample degree, bringing it out from the caliginosity of criminalization and into the mainstream.
In adjustment to accretion admission to the abstracts stored on the Budbo blockchain, individuals and companies use BUBO, which is the company’s account token. The bulk of BUBO appropriate will alter according to the alone case appeal but the transaction is accepted appealing abundant beyond the lath – BUBO in acknowledgment for abstracts and information.
Right now, the aggregation is adopting development basic by way of a badge sale, in which the BUBO badge will be issued to participants. As alternation with the abstracts stored on the Budbo blockchain increases so will appeal for tokens (which, as mentioned, are acclimated to acquirement access). Just like added tokens and cryptocurrencies, the BUBO badge will be accessible for barter on the accessible exchanges afterwards the abutting of the crowdsale, currently appointed for March 5 or until awash out.
The badge auction is advancing and alive with a adamantine cap of 170 actor tokens.
Anyone attractive to participate can aces up some early admission tokens here.
The Budbo White Paper is available here (in English). Other languages are accessible at the company’s website, here.
Do you anticipate that Budbo can accomplish any cogent appropriate against legitimizing the cannabis industry? Tell us what you anticipate in the comments below.
Images address of Budbo, Shutterstock
