Justin Jovanovic – COO of investFeed – has joined Budbo’s Token Sale as an ICO advisor. Budbo’s token sale has had great momentum from the start; they sold out their presale in just a few days, and sold out Tier 1 (15mm tokens) in under 72 hours. Budbo’s token sale is currently in Tier 2.
Budbo will be the first-of-its-kind, fully integrated blockchain-based solution for the transparent, standardized, and regulated interaction between cannabis users, dispensaries and couriers.
Budbo is a best-in-class platform already actively being used by more than 75,000 mobile users and over 2000 suppliers (dispensaries). Budbo consists of a mobile phone app and a cloud-based backend business intelligence platform. The platform is designed to match cannabis users’ top picks or close matches of cannabis strains and products and direct them to nearby dispensaries which are carrying these products. The platform also provides a delivery tracking service aimed at ensuring full visibility and compliance into the cannabis delivery process. Budbo has over 150 vehicles currently being tracked every day.
The blockchain technology offers a way to gloablize all these channels simultaneously as it holds an immutable ledger that leverages crypto-tokens built on smart contracts. Budbo Token transactions will be instant, and average transaction confirmation time will be within minutes. All transactions will be secured with state-of- the-art cryptography, and blockchain integrity will be protected by CPU efficient ASIC resistant proof of work. This unique model allows us to fill numerous operational and process gaps for cannabis businesses.
The adoption of blockchain cryptocurrency technology is the next logical step in the development and growth of Budbo’s platform. It enables us to create a structure that solves many of the issues surrounding the supply chain management of the cannabis industry.
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