CANNACOR
CANNACOR SOLVES HEALTH CHALLENGES USING CANNABIS VIA BLOCKCHAIN
CannaCor and Blockchain Corporation have joined forces to become world leaders in the research, cultivation, processing and distribution of cannabis, as well as the introduction of blockchain technology for the cannabis life cycle and supply chain management. They seek to lead, legitimize, and shape the future of the industry by creating the world’s most reliable blockchain-based cannabis company. This venture includes the creation of a unique aquaponics growing and manufacturing enterprise in Lesotho for supply to the global market. This document contains detailed information on the contribution of both parties to this venture, including the Initial Coin Offer (ICO), and how this will affect their performance.
BLOCKCHAIN CORPORATION
The Blockchain Corporation team is committed to solving problems in the medical cannabis industry and focusing on implementing real solutions to ensure stable crop growth of excellent quality and quantity. It aims to simplify the life cycle of cannabis cultivation and provide accurate supply chain solutions to improve product traceability. Blockchain will do this by positioning itself as one of the first to introduce and implement a combination of Blockchain and Hyperledger technologies to manage the medical life cycle of medical cannabis production and the supply chain. Key areas of focus are crop lifecycle management and supply chain management.
WHY HYPERLEDGER FABRIC ?
Blockchain believes that by using all the useful aspects of the Hyperledger Fabric, the tracking process will not only be transparent, but it will also have all the qualities that will make it the best tracking technology. Hyperledger is most suitable for operations due to the flexibility offered. The transition from anonymity to complete transparency and easy tracking is ideal for this project.
The whole process is divided into different phases :
Stage 1 – Production Lifecycle Management
Through the use of the Hyperledger blockchain, we can be sure of transparency in tracing and tracing cannabis plants. The entire production life cycle begins with the submission of data to the blockchain. The first phase of the process will cover production and packaging.
Stage 2 – Supply Chain Management
Once the packaged goods are ready to be sent to end users (in this case, retailers), they advance further by scanning the QR code and other quality checks. All of this will be updated in Hyper Manager as soon as the process begins. The final part of this stage is when the packaged goods arrive at the appropriate stores for future use.
HOW IT WORKS?
- Coin CannaCor created on the Ethereum network.
- CannaCor cryptocurrency is sold to the public through an ICO.
- The funds raised during the ICO will be used to build an object for the cultivation and development of the blockchain and its applications.
- Coins will be distributed to participants within 30 days after the ICO.
- The following currencies are accepted for the purchase of Cannacor Coin: Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
WHAT IS BLOCKCHAIN?
A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree). By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”. For use as a distributed ledger, a blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for internode communication and validating new blocks.
ENHANCING TRACEABILITY
The most common use of blockchain in supply chains is to improve traceability. It will enable CannaCor to quickly track “unsafe” products back to their source and determine where they have been distributed. This can prevent illness and save lives, as well as reduce the cost of product recalls. The information collected and the stakeholder groups involved vary based on the needs of the groups in each initiative.
The potential for transparency, both internally and externally, can provide CannaCor with the opportunity to:
- replace certain back-office functions
- provide unprecedented cohesion to internal cultivation procedures
- show an account of consensus with an audit trail of transactions that have been cryptographically encoded
- create real-time settlement
- strengthen risk management for both CannaCor and their clients.
PROCUREMENT AND LOGISTICS
CannaCor will source suppliers to provide the cannabis seeds and any other materials needed to cultivate cannabis, followed by the establishment of specific processes to monitor and manage supplier relationships. Key processes include ordering, receiving, managing inventory and authorizing supplier payments.
The processes involved are:
- identification of suppliers
- negotiation of price
- the signing of agreements (Smart contract)
- payment schedules
- procedures for logistics and receiving orders
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.
IEO DETAILS
Website: Visit
White paper: Read
Pre-sale Time: 11 Sept 2019 – 15 Dec 2019
IEO Time: 16 Dec 2019 – 31 Mar 2020
Whitelist/KYC: KYC
Country: Lesotho
TOKEN INFO
Ticker: CANO
Platform: Ethereum
Token Type: ERC-20
Financial
Pre-sale Price : 1 CANO = 0.06 USD
IEO Price: 1 CANO = 0.12 USD
Accepting: ETH, BTC, XRP
Soft cap: 1,500,000 USD
Hard cap: 112,300,000 USD
COIN ALLOCATION
78%: Coin Sale
07%: CannaCor Team
07%: Blockchain Corp Team
05%: Strategic Partnerships
03%: Bounty & Airdrop
FUNDS DISTRIBUTION
30%: Cultivation
30%: Technology & Core
08%: Marketing & Business
05%: Admin
12%: Liquidity on Exchanges
05%: Legal
05%: Exchange Listing Fee
05%: Commissions & Fees
TEAM
Hugo: CEO
Pieter-Jan: CFO
Pieter: Operations Director
Tobie: Legal Advisor
Refiloe: HR
Jan: Technical Advisor
Seabata: Security
Frik: Master Grower
Blockchain Corp Team
Gerhard: Founder
Logan: Software Engineer
Ankur: Technical Advisor
Latha: Technical Advisor
Willie: Cultivation Advisor
Sergey: Blockchain and Software Advisor
Adeniji: Advisor
Deepanshu: Advisor
Peter Cris Nabida: Advisor
FOR MORE INFORMATION CLICK LINK BELLOW:
- Website: https://cannacor.io/
- Whitepaper: https://cannacor.io/assets/cannacor_whitepaper.pdf
- Facebook: https://www.facebook.com/cannacor/
- Twitter: https://twitter.com/canna_cor
- Medium: https://medium.com/@CannaCor
by ; wanda11
link: https://bitcointalk.org/index.php?action=profile;u=2690432
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