Listen to this articleBudbo is a mobile app and business intelligence tool designed to benefit the entire cannabis ecosystem, from consumers to growers to retailers. Building on its rapid success, Budbo is now developing a blockchain system that will become the data backbone for the entire cannabis community and beyond. Budbo token crowdsale runs from January 29 to March 5, 2018.
Below is our interview with Andrew Rivera from Budbo:
Q: Andrew, could you tell us something more about your platform?
A: Budbo’s public-facing platform is a one-of-a-kind mobile application that allows cannabis users to quickly discover new strains, concentrates, and edibles at their local dispensaries. The app is already actively used by more than 100,000 mobile users and over 2,000 suppliers (dispensaries). The mobile app features a popular “Tinder” like functionality, which allows users to swipe right for products they like (“Puff”), or swipe left for products they don’t (“Pass”). Another popular feature is the “Strain Match” function, which allows users to enter desired product attributes, such as relieving anxiety, depression, or insomnia – then receiving a detailed list of the best strains and products to alleviate those symptoms, as well as where to find them.
On the backend, Budbo compiles data on user preferences and actions, making this critical information available to dispensaries, growers, and other cannabis-related businesses via a personalized dashboard. This unprecedented access to consumer data allows them to make smart and informed business decisions, such as which products to grow and stock. The business intelligence platform also provides a delivery tracking service aimed at ensuring full visibility and compliance into the cannabis delivery process. Budbo has over 150 vehicles currently being tracked every day.
Our token crowdsale runs from January 29 to March 5, 2018.
Q: You’ve recently launched a Token Sale to propel the cannabis industry via blockchain innovation; could you tell us something more?
A: The focus of the Token Sale is to rebuild Budbo in blockchain’s image – adding a much needed layer of security and transparency within the cannabis community. The cannabis industry represents an ideal case study to highlight the value of integrating an entire industry on the blockchain. The Budbo utility token will be the API key for all ancillary services, giving providers in the cannabis space access to Budbo’s digital ledger on the blockchain. The global cannabis data exchange environment that Budbo, Inc provides is built on blockchain & smart contracts, with data stored in immutable ledgers. This establishes Budbo Inc. as the single source of true unmanipulated data for the global cannabis network. The Budbo blockchain will store transactional records in the blockchain throughout the life cycle of a product, including all relevant data about the end to end process.
Budbo Blockchain Benefits:
• 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
Our token crowdsale runs from January 29 to March 5, 2018.
Recommended: Q: What are the benefits of using blockchain technology?
A: Blockchain technology is an emerging way for businesses, industries, and governments to almost instantaneously make and verify transactions—streamlining business processes, saving money, and reducing the potential for fraud. At its core, a blockchain is a data structure used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers. The result is a more open, transparent, and publicly verifiable platform that will fundamentally change the way users, dispensaries and couriers interact and exchange value and assets, enforce contracts, and share data across channels.
The Budbo blockchain ledger is immutable and decentralized, making data transparent to everyone involved. The data is encrypted and immutable, meaning it cannot be changed. This data aggregation will fuel growth and provide a strong backbone for the cannabis industry. The Budbo application using blockchain creates almost limitless possibilities for growth and social interaction, ranging from product matches and direct organic advertising to instant payments and more efficient supply chain and inventory management.
Q: What are your plans for the future?
A: As marijuana legalization continues to expand across the United States and the globe, Budbo’s goal is to become the global source for thousands, and eventually millions, of data points related to the cannabis industry. The hyper fragmented cannabis industry is begging for an umbrella of uniformity that can make sense of the fray for its participants and regulators. The Cannabis blockchain microcosm will eventually be used as a blueprint for blockchain integration in other industries. Budbo and the Budbo token team will be in a position to oversee and profit from future blockchain integration projects in other/larger industries.
Budbo token crowdsale runs from January 29 to March 5, 2018.
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