How the Blockchain will transform the cannabis industry

Budbo Budbo The legalization of marijuana across the United States has proven to be a boon to many industry stakeholders. The cannabis sector is coming out of the shadows and imposing itself as a massive economic force. This has resulted in many benefits for producers, manufacturers, delivery men, vendors and users, who can now trade in the open rather than having to hide in alleys.

The industry, still mired in fragmented processes and business practices, has not yet fully realized its potential.

To catalyze this revolution, Budbo, a blockchain start-up, is working on a suite of products that will help streamline the processes of the marijuana supply chain and thus, induce transparency and efficiency in the industry. The project is led by successful entrepreneurs and former executives who have years of experience in the field of mobile technology, logistics and blockchain development.

Budbo is building a comprehensive blockchain-based platform with broad benefits for everyone involved in the marijuana supply chain - producers, manufacturers, suppliers, delivery people, clinics and users .

The Budho Blockchain will simplify, optimize and, in many cases, automate the following processes:

Order supplies and equipment - Through the purchasing management module, producers can track purchase trends and inventory balances.
Inventory Management - The Budbo Inventory Management Module can be used by both producers and clinics to effectively manage all stages of the product life cycle. With this tool, producers and clinics can reduce excess inventory, ensure regular inventory replenishment and timely order fulfillment.
Seed Tracking - With this GPS-based feature, companies can track marijuana at all stages of the supply chain - from culture to processing to product transportation and finally to clinic transactions . Users can set geographic barriers and alerts to find out where their product is at any time.
Point of Sale - With a mobile application, a PoS integration product, a payment portal and an online plug-in for businesses, Budbo offers mobile payments and PDS services.
Customer Management - Budbo will create a customer database containing information about customer stem, time and geolocation preferences, and proximity to dispensaries to help businesses make informed decisions.
Analytics - By using Budbo's real-time updates on the tastes, preferences, and products most likely to be purchased, clinics can store products that can generate maximum sales.
Location Prediction - Those looking to open new clinics can analyze client metrics and compare locations to understand which cities and neighborhoods are most potentially profitable for their business.
User Interactions - The Budbo app provides a fun and immersive environment for users to connect, transmit messages, share reviews and play games, creating a common marijuana community. This application is the basis for generating analytical data.
All data generated in the Budbo ecosystem will be recorded on blockchain, and this data can be accessed by stakeholders in the marijuana industries using the BUBO token. The BUBO token is a utility token that will serve as an API key in this ecosystem. This data will allow government authorities to monitor compliance with regulations, while allowing businesses to make more informed business decisions.

Budbo's revolutionary potential is immense, with the goal of highlighting key market data, monitoring and helping to ensure the development of the legalized marijuana economy.