CannaCor.
CannaCor and Blockchain Corporation have engaged in a collaboration to position themselves to become global leaders in cannabis research, cultivation, processing and distribution, as well as the implementation of blockchain technologies for purposes of cannabis life cycle and supply chain management. They aspire to lead, legitimize and define the future of the industry by building the world’s most trusted blockchain-based cannabis company. This venture includes the establishment of a unique aquaponics cultivation and production facility in Lesotho to supply the global market. This document provides details on the contribution of both parties to this venture including an Initial Coin Offering (ICO) and how this will impact on their operation. A brief introduction to the medical cannabis industry is included providing information on the medical benefits of cannabis, the growth potential of the cannabis market and the legalization of the industry.
BLOCKCHAIN CORPORATION
The Blockchain Corporation team is committed to solving problems in the medical cannabis industry and focusing attention on implementing real-world solutions to ensure consistent crop growth of excellent quality and quantity. It aspires to streamline the cultivation life cycle of the cannabis crop and deliver pinpoint supply chain solutions to enhance product traceability. Blockchain Corporation will do this by positioning itself as an early adopter and implementer of a combination of Blockchain and Hyperledger technologies to manage the medical cannabis production life cycle and supply chain. Key focus areas are cultivation life cycle management and supply chain management.
WHY HYPERLEDGER FABRIC?
Blockchain Corporation believes that by using all the beneficial aspects of Hyperledger Fabric, the tracking process will not only be transparent but will have all the qualities to make it the best technology for tracking. Hyperledger is the most apt fit for operations due to the flexibility offered. Moving away from anonymity to complete transparency and easy tracking is ideal for this project.
The whole process is divided into different phases:
Through the use of Hyperledger blockchain we can be sure of transparency in tracking and tracing the cannabis plant. The whole production life cycle will begin with feeding data to the blockchain. The first phase of the process will cover production to packaging.
Once the packaged goods are ready to be shipped to the end users (in this case, the retailers), they move further through QR code scans and other quality checks. All this will be updated in the Hyperledger as soon as the process takes place. The final part of this phase is when the packaged goods reach the respective retailers for further usage.
HOW DOES IT WORK?
CONSENSUS
Transactions must be written to the ledger in the order in which they occur, even though they might be between different sets of participants within the network. For this to happen, the order of transactions must be established, and a method must be put in place to reject bad transactions that have been inserted into the ledger in error or maliciously
GOOD MANUFACTURING PRACTICES (GMP) RELATED TO MEDICAL CANNABIS AND RELATED PRODUCTS
CannaCor will take all the steps required to build the cannabis production plant according to Good Manufacturing Practices (GMP). Quality, safety and efficacy requirements will be taken into consideration in the cultivation, harvesting and primary processing of cannabis plants intended for medicinal use or in the preparation of non-sterile medicinal cannabis products.
Medicinal cannabis includes:
FEATURES
Blockchain Track and Trace Features
The Blockchain provides the utmost transparency in the decentralized recording of data and ensures the records of the platform is secure, transparent, verifiable and immutable.
SMART CONTRACTS
Hyperledger Fabric Smart contracts are written in chain code and are invoked by an application external to the blockchain when that application needs to interact with the ledger. In most cases, chain code interacts only with the database component of the ledger, the world state (querying it, for example), and not the transaction log. Chain code can be implemented in several programming languages. Currently, Go and Node are supported.
TOKENOMICS
The CannaCor coin is an ERC20 coin created on the Ethereum Blockchain. CannaCor decided to use Ethereum because it has already been adopted by the masses and allows the CannaCor coin to participate in mainstream activities. Ethereum is a fast, decentralized and immutable blockchain. CannaCor will strive to achieve mass adoption in the medical cannabis sector by offering solutions that address the issues pertaining to cross-border transactions. We aim to offer solutions for the lack of banking and payment services for legal cannabis businesses.
COIN DETAILS
The CannaCor coin is an ERC20 based on the Ethereum Blockchain. ERC20 is an official protocol for proposing improvements to the Ethereum (ETH) network and can be understood as a standard for coins that are created on the Ethereum blockchain. The ERC20 coin standard makes it easier to exchange one ERC20 coin for another, and to integrate various ERC20 coins into platforms such as blockchain wallets and exchanges, and more.
Token info
Financial
Coin Allocation
Funds Distribution
Cannacor Team
Blockchain Corp Team
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AUTHOR
Username: Kevinryan Link:https://bitcointalk.org/index.php?action=profile;u=2653700
Username: Kevinryan Link:https://bitcointalk.org/index.php?action=profile;u=2653700
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