The Cannabis market is one that has often been fraught with different issues, from a bad reputation about the substance, through to the quality and type of cannabis available. Things, however, are starting to change on a global scale, with the introduction of legalised cannabis production, and the introduction of medical grade marijuana. There are many black markets present in the cannabis marketplace, and these are rife with dangerous products, and illegally obtained items. As there is an increased trend in legalisation in many parts of the world, so too does the technology need to embrace this. Many companies looking to regulate the cannabis market are faced with issues such as lack of start-up capital, due to the reputation of the drug, and difficulty communicating with banks and financiers thanks to the same reasons. This is where JIBBIT aims to change the face of the cannabis industry, through blockchain technology and cryptocurrency.
JIBBIT and the team behind the platform are looking to revolutionise the cannabis market, through the blockchain technology available, and indeed all that is developing as we speak. Cannabis is more and more being recognised as a hugely viable medicinal drug, and many doctors and pharmacists are now embracing the drug as something that is massively successful for many different treatments. Not only will the platform assist those who wish to receive their medical cannabis in a safe and secure environment, but it will also provide a safe space for those who wish to consume the drug recreationally, in states and areas where the drug is legalised, to be able to cohesively and comprehensively purchases and receive the drug, without third party involvement. The JIBBIT doc portal will allow for patients, doctors and pharmacies to coexist in the same marketplace, with the benefits of the decentralized notion of blockchain technology, in a safe and secure environment to prevent counterfeiting of prescriptions, and illegal transactions. The platform has a forgery-proof system, and as with all blockchain technology, the notion of smart contracts ensures that this is upheld. There is already a test phase planned for this, and due to the prescription being written within the blockchain, it will mean that the generated keys from all parties involved will be required to authenticate any prescription and delivery of the drug.
Anything that eliminates the black market is worth doing, as we all know, this is often where users and consumers are faced with dangerous circumstances, and uncontrolled products. It can also carry huge risks to personal safety. The JIBBIT platform allows for a straightforward, anonymous and secure way in which to purchase recreational cannabis, in those areas that have legal use of cannabis available. Through the platforms threefold approach, the end goal of a simplified, decentralized and stress-free operation is easily achieved. JIBBIT run with 1)A Marketplace for Accessories – the JIBBIT marketplace, 2) A Delivery service for Cannabis-the JIBBIT runner and 3) A medical cannabis area – the JIBBIT doc (as previously mentioned).
Through the decentralized notion of blockchain technology, JIBBIT enables a global market of users to be able to solve the issues faced by all users, no matter what sector they wish to consume cannabis in, on a worldwide scale. As any good crypto enthusiast knows, the fact that the payment and transaction policies on the blockchain make for super transparent and anonymous actions. JIBBIT also offer incentives to all users and consumers through the JIBBIT token – which entitles users to savings and discounts at some of the many benefits offered. The very fact that the global cannabis market is increasing at an exponential pace, means that the ned is huge for a cohesive platform such as this, and indeed, with the amount of places that allow for legalised marijuana consumption is ever increasing, the prediction is that the legal cannabis market could reach the value of $140 million by 2027. Therefore the need for a protocol that can allow for secure and transparent transactions is massive.
The very notion of a JIBBIT runner protocol, a way in which to safely and securely receive authorised and “safe” products to your own doorstep, is one that is extremely appealing. If the user is residing in a legal area, then this ease of ordering and receiving will greatly improve the experience of buying and using cannabis and increase the safety. It will also decrease the black market – that is the market which allows for dangerous products and risky deals and transactions. Through the use of blockchain technology, JIBBIT is ensuring that the safety and pleasure of its users is the most important factor. Obviously, if the consumer is using the JIBBIT token, they will enjoy even greater benefits through the rewards and discount factors including in the use of the tokens. JIBBIT already have support from active delivery services in the USA and are already looking to many European countries to do the same.
Above all else, the market is ready for a cohesive platform that will allow for the safe and secure enhancement of the cannabis market as a whole. Globally there are massive changes occurring within the cannabis market, and with the regulation of the drug and the legalisation in many parts of the world, there is a massive need for a platform that can regulate this. JIBBIT is the perfect platform, and the cohesive and controlled notion of its token distribution, and of course the way in which the platform exists as a whole, is extremely well thought out. A more decentralized, transparent and secure platform would be hard to find. I for one am watching this platform eagerly to see the outcome, and can happily state that the investment potential is huge.
Website: https://jibbit.io
WhitePaper: https://bit.ly/2LUIV7k
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Article was written by frankiemalton
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Jibbit team behind the platform are looking to revolutionise the cannabis market
The JIBBIT platform allows for a straightforward, anonymous and secure way in which to purchase recreational cannabis.