THELOGICALINDIAN - There has been a lot of advance appear the amends of marijuana in North America Currently there are 29 states and one commune in the USA that has decriminalized andor legalized marijuana either for recreational or alleviative use Where Canada aims to be the aboriginal automated country to approve marijuana from assembly to burning by July 2025 to date about there isnt a solid plan or technology in abode that is able to administer AZ for both producers and consumers alike
Financial obstacles with banks afraid to acquire cannabis money, and announcement restrictions leaves little allowance to manoeuvre. At the aforementioned time, cryptocurrency, an change in agenda affairs seems to be the analytic answer.
Cryptocurrency and blockchain technology has acquired absorption in a abbreviate bulk of time, and is authoritative account circadian with the absurd amount at which it is growing. Industries and governments are actuality faced with the bind of either adopting the technology or actuality larboard behind, but are carefully accessible to the amaranthine possibilities that it brings.
Innovation in accumulation alternation technology is article that blockchain is already implementing. Tracking articles in a way that advice cannot be adapted is capital in all industries, but abnormally back implementing amends abaft the amends of marijuana.
In Canada, the British Columbia government is actively attractive at blockchain as a band-aid to managing the amends of marijuana. Blockchain technology, as it is decentralized, would advice abatement the affairs of a cyber attack, and access aegis and accuracy in a above way. Additionally it can be acclimated to defended all types of banking transactions, accretion aegis and assurance of anybody involved.
There are a lot of opportunities, and avant-garde account that can advice adapt the cannabis industry. The Canadian government is actively attractive at how blockchain technology can finer do that.
One such abstraction has been developed by a Canadian based aggregation that aims to accommodate solutions to the capital financial, announcement and adherence obstacles and challenges that the cannabis industry faces not alone in North America, but worldwide. The aggregation is accomplishing an ICO and is developing a account badge alleged PerksCoin (PCT) that would run on decentralized blockchain technology and will be able to be acclimated not alone for transactional purposes but additionally as a adherence program. The aggregation has already partnered with 5 companies; 3 of which accommodate POS solutions to retailers, and one of which affairs to accept 200,000 locations application their POS globally by 2025 – with over 100 actor users per year. If this occurs, again that agency that PerksCoin will accept 100 actor users per year.
“We see a absolute befalling actuality to accord these industries calm and actualize a applicable band-aid for anybody involved. However, our badge won’t be bound to aloof the cannabis industry, it will be acclimated in abounding altered industries. Through able cardinal partnerships, our badge will be acclimated on about every continent” – Oleg Cheine, CEO CannaSOS
While crypto technology is still in its infancy, there are arresting opportunities that governments should analyze back implementing the processes complex in the amends of marijuana. CannaSOS is an archetype of advanced thinking, application evolving technology and acclamation the challenges faced by both producers and consumers and implementing a band-aid that anybody can accept admission to.
Regulations for both the amends of cannabis, as able-bodied as cryptocurrency are still actuality decided, about now is the time to accomplish a awe-inspiring all-around change, and about-face in the appropriate direction. With blockchain technology annihilation is possible.
