Blockcannan (CBD)

Blockcannan is currently building a land usufruct platform through smart contracts on Blockchain technology for land leasing, where the peasant, the small agricultural producer or a third party can be linked at any point in the cannabis production and marketing chain medicinal, derivatives and agricultural products making its land available for exploitation through the company’s DApp (Decentralized Application) This advance has a direct impact on the agricultural economy by providing substantial improvements in the profits of crops in the different farms, and in turn, promotes the generation of employment of between 15 to 25 people per hectare.

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What is Blockcannan

Blockcannan is the only company that will have digitized the production, transformation and shipment of cannabis extract through the use of smart usufruct contracts based on blockchain. In addition, through this technology, you can have a property registry and its characteristics, such as: height above sea level, climate, land properties, alternative crops, seedbed registration and geolocation, among others.

The current legislation for the cultivation of medical cannabis in Colombia allows the development of this activity with low production and commercialization costs.

It is a large company in its early stage, Startup is based on a scalable business that makes use of blockchain technology. The term only applies when the project is in its initial stage. The scalability that is the growth of the company and is achieved with the integration of the technology that allows the product to be distributed so that its scope grows exponentially.

Blockcannan appears in the Colombian and international market as an agricultural company that is based on blockchain technology. Our goal is to become a leader by merging the agricultural industry, cannabis and an ecosystem of cryptographic applications. This allows payments and the use of smart usufruct contracts to be made in a reliable and regulated way in the production and commercialization chain of the cannabis industry through a hybrid blockchain. With this, the business allows auditing of the different government control entities to ensure transparency in the regulatory framework.

One of the first phases of the project is to create a decentralized payment network to exclusively serve the cannabis and agricultural products industry. The main objective is to provide companies with an alternative payment solution that is more cost effective than current payment options. This system is built around the Blockcannan Token (CBD). It is a token that acts as a means of exchange and unit of account in this system. In practice, Blockcannan provides a decentralized payment network in which transactions will be executed directly from the customer to merchants (there are no intermediaries), in which transactions are safer, faster and cheaper.

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