Blockchain being a twentieth century’s wonder is throttling many businesses worldwide, due to its ease of use and less complication various online channels and as well as offline channels are using this technology to grow fast and to manage everything lucidly. Right now, from sales to customer support, R&D to supply chain blockchain is being used everywhere. Every business is looking for implementing this, so are cannabinoid businesses.
Now that cannabis and its by-products are legal to buy with a formal limitation in the maximum states of United States of America, companies like Microsoft also came into the business as in the long run, it has huge potential. Apart from that many startups join the race using blockchain technology and they are doing their crowdfunding through ICOs. So the full ecosystem of this business is about to be built.
Blockchain helps everywhere in this industry. It eliminates many processes that take considerable stoppage time in the whole function and thus cost comes down. It is ultimately beneficial for the industry and the consumers both. All the products like CBD oil, hemp oil, medical hash etc which are currently available for sale may be improved because many companies are investing in getting a better breed that can soothe your nerve in a better way.
We all know that CBD oil helps to reduce anxiety and pull down the risk of Alzheimer if taken as per prescribed dosages. That’s why many IOT companies are also taking interest in making something for this industry as well. Auto splasher, dryer, fans etc are being engaged in IOT platform. and nowadays IOT is being dominated by Blockchain. of course it’s a noncrypto way to implement Blockchain into the industry.
Starting from seed sorting to delivering to the customer everything has been revolutionized by using the newly invented technology. Even for exporting, technology can help us settle the transaction fast and tracking every process efficiently. The cannabinoid market is growing leaps and bounds, so are the technologies associated with business intelligence and here blockchain can bring more things to enrich the business.