CANNACOR - Where Cannabis Cultivation and Blockchain Technology Combine Seamlessly
PREAMBLE
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, CannaCor and Blockchain Corporation are collaborating with a common vision to bring lasting change in the field of cannabis research, cultivation, processing and distribution.
"Much of blockchain’s initial success came from startups using digital currency to raise capital and bypass federal regulations via an initial coin offering, or ICO. After the ICO market crashed, cannabis companies began to view blockchain as a resource that could help track and validate their products.
Blockchain, on the other hand, enables reports to be uploaded directly to the chain by distributors and viewed by users. Some organizations even use blockchain to track cannabis and hemp transactions from the grower to the end user without ever touching the product.
As blockchain and cannabis become further intertwined, the former can help lift the veil from the latter. In turn, this increased transparency can further entrench cannabis as a viable and acceptable option for consumers."
With that being said, the main goal of CannaCor is to transform the entire cannabis cultivation process to make it as transparent and secure as possible.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is CANNACOR?
As depicted above and as indicated on the official whitepaper of CannaCor, CannaCor is a licensed producer of medical cannabis and cannabis by-products located in Lesotho, southern Africa. It is supported by a group of professional executives with extensive knowledge and understanding of the needs of the medical cannabis industry. Their economic activities are based on the recently approved production and export of cannabis and cannabis by-products which can be used for medicinal needs.
The Vision
The vision of CannaCor is to become a frontrunner of medical cannabis cultivation in Lesotho. Our focus is to implement sustainable production facilities and expand our lead with an aquaponics production plant while integrating all our management systems with a selection of blockchain technologies to ensure transparency, immutability and real-life tracking
The Mission
CannaCor works with a group of experienced scientists, blockchain developers, pharmacists and engineers daily, with the goal of improving our company by researching and delivering environmentally sustainable high-quality cannabis products.
The Features
Blockchain Track and Trace Features
The Blockchain provides the utmost transparency in the decentralized recording of data and ensures the records of the platform is secure, transparent, verifiable and immutable.
Cannabis Cultivation cycle Management
The blockchain and applications will be used to coordinate the activities required to accept raw materials, manufacture the product, test for quality, package for shipping and schedule for delivery. Our aim is to measure and capture the quality of our products, production output and worker productivity to ensure the enterprise creates products that meet quality standards.
Cannabis Supply Chain Management
Supply chain management is the handling of the entire production flow of the CannaCor products — starting from seed planting all the way to delivering the final product to the consumer. To accomplish this task, CannaCor will create a network of processes that moves the product along from the suppliers of raw materials to the organizations which deal directly with users
Regulatory and Compliance Management
Regulators require detailed information regarding a medical cannabis cultivator’s business: where the product comes from, the results of any testing that has been done, the specified amount produced, and distribution. Our aim is to establish support processes to monitor information throughout the supply chain and ensure compliance with all regulations
The Cannacor Cultivation facility
Cannacor’s objective is to develop its own aquaponics cultivation and production facility for medical cannabis on the company’s premises in Lesotho. This will enable the company to meet a growing demand in a global market of scarce production capacity and become a recognized supplier to the global markets that have no or limited production capacity.
The intention is to establish a facility where standardized, uniform and consistent products can be cultivated, without the use of pesticides, so that the content of the active ingredients is the same for each harvesting and processing stage. The development of the cultivation premises into a complete facility for the cultivation and production of medical cannabis is expected to commence in the fourth quarter of 2019.
The Aquaponics cultivation facility will be established to cultivate cannabis and produce products such as:
Tetrahydrocannabinol (THC), Cannabidiol (CBD), Cannabinoids (CBN) and Tetrahydrocannabinol Acid (THCA) in various strengths and combinations.
The Supply Chain Management
CannaCor will create a network of processes that moves the product along from the suppliers of raw materials to the organizations which deal directly with users. The three major steps in the supply chain blockchain process are as follows:
Decentralized data record
Packaging
QR code scanning
About The CannaCor Coin
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.
Pre-ICO sale Information
Pre-Sale Starts: 11 Sept 2019 and ends 15 December 2019
Pre-ICO: Coin Price $0.06
Coin Ticker: CANO
Coin Type: ERC20 Ethereum:
Number of coins for Pre-ICO: 468 Million:
Total Coin Supply: 1.5 Billion
The CannaCor coin is created on the Ethereum network.
The CannaCor cryptocurrency is sold to the public by means of ICO.
Funds raised during the ICO will be used to build the cultivation facility and to develop the blockchain and its applications.
Coins will be distributed to participants within 30 days after the ICO.
Accepted currencies to buy the Cannacor Coin are Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP).
The Features
Stable value
The CannaCor coin has the potential to become a cryptocurrency with a stable value and low volatility, while retaining all the appealing features of other cryptocurrencies.
Secure cross-border transactions
The CannaCor coin is an effective vehicle to ensure simple and secure transactions between CannaCor, suppliers and clients.
Coin Buyback and Burn
CannaCor (Pty) Ltd will allocate 12% of its NETT profit to buy back CANNACOR coins twice a year over a period of 10 years.
100% of coins bought back will be burnt/destroyed immediately after buyback.
This will maintain stable growth of the CannaCor Cryptocurrency
Decrease initial supply of the CannaCor cryptocurrency
And Create a stable store of value with low volatility.
The goal is to increase the cryptocurrency value and achieve mass adoption of the coin in the cannabis industry.
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
ROADMAP
Q4 2018
Research and brainstorm sessions initiated to establish most viable solution to cultivate medical cannabis
Current technologies researched to establish the CannaCor cryptocurrency
Various blockchain technologies researched to manage the medical cannabis cultivation life cycle and supply chain management systems
Strategic alliances formed with blockchain developers, cultivators and pioneers in the cannabis industry
Company incorporated in Lesotho, southern Africa, to operate the following business activities:
growing of drug and pharmaceutical crops
wholesale and/or retail sale of pharmaceutical and medical goods.
Q1 2019
50 000 m2 agricultural land acquired in Lesotho, southern Africa, for the cultivation of medical cannabis
Environmental Impact Assessment (EIA) curated and submitted
Licence application lodged with the Drug Control Authorities in Lesotho to obtain:
authorization for export and import of medical cannabis
authorization to produce medical cannabis products.
Q2 2019
Blockchain developer and ICO marketing team appointed
Greenpaper development
Design of cannabis cultivation plant.
Q3 2019
CannaCor medical cannabis cultivation licence approved
New website design / landing page
Wallets and user administration panel development
Greenpaper updated and new corporate identity incorporated
Pre-ICO round starts 11 September 2019 and ends 15 December 2019.
Q4 2019
ICO launch 16 December 2019 and ends 31 March 2020
Design of cultivation plant, testing laboratory and packaging plant finalised
Construction of cultivation facility
Blockchain and Hyperledger Fabric application development, incorporating QR code labeling, product traceability, drug authentication, production life cycle management and supply chain applications
New wallets and website release.
Q1 2020
CannaCor application BETA testing
First cannabis crops planted
Application integration of production cycles.
Q2 2020
First harvest, application integration of supply chain and first coin buy-back
Meet The Amazing Team
Hugo: CEO
Pieter-Jan: CFO
Pieter: Operations Director
Tobie: Legal Advisor
Refiloe: HR
Jan: Technical Advisor
Seabata: Security
Frik: Master Grower
The 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
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://cannacor.io/
Whitepaper: https://cannacor.io/assets/cannacor_whitepaper.pdf
Facebook: https://www.facebook.com/cannacor/
LinkedIn: https://www.linkedin.com/company/canna-cor-pty-ltd
Telegram: https://t.me/cannacor
Twitter: https://twitter.com/canna_cor
Discord: https://discordapp.com/invite/ep4Szdj
Medium: https://medium.com/@CannaCor
Author: Cryptoholical
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.