CANNACOR

CANNACOR

wanda11

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).
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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:

  1. replace certain back-office functions
  2. provide unprecedented cohesion to internal cultivation procedures
  3. show an account of consensus with an audit trail of transactions that have been cryptographically encoded
  4. create real-time settlement
  5. 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:

  1. identification of suppliers
  2. negotiation of price
  3. the signing of agreements (Smart contract)
  4. payment schedules
  5. 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

by ; wanda11

link: https://bitcointalk.org/index.php?action=profile;u=2690432



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