merging the two fastest growing industries: Cannabis & Blockchain.
hello my colleagues goodevening just wanted to spread this multi mega merger news to you..
Nuvus Blockchain is formed to build a global ecosystem called “Global Exchange Platform” for data, supply chain verification & industry wide global exchanges of services & products using distributive ledger technologies and trustless trust platforms for the agricultural industry initially focusing on the cannabis industry. Our mission involves introducing a trustless verification system on all supply chain & business transactions in the cannabis industry, providing growers, processors, distributors, retailers, doctors and users full transparency into the supply chain, from seed to user distribution, with decentralized private & public blockchain verification at every step. This will provide total transparency & auditability to all industry participants adding significant value to the industry.
OPPORTUNITY IS HUGE. THE INDUSTRY OVERVIEW
the graph
PROBLEMS IN CANNABIS INDUSTRY
LACK OF TRACEABILITY
LACK OF AUDITABILITY
DISPARATE CENTRAL LEDGERS
LACK OF CONSENSUS
LACK OF CHAIN OF CUSTODY
LACK OF TRUST
LACK OF STANDARDS
LACK OF COMPLIANCE
SOLVING THE INDUSTRY CHALLENGES - NUVUS PROTOCOL
TRUSTLESS VERIFICATION SYSTEM ON ALL SUPPLY CHAIN TRANSATIONS IN THE CANNABIS INDUSTRY
nuvus protocol antenna
Ecosystem called Nuvus Protocol which will be based on public and permission based private Blockchain technology using IBM’s Hyperledger.
The system will ensure compliance standards are adhered to at each level of the cycle. Patients, doctors, researchers and regulators want to ensure that the product that is bought and the claims made by the producers are genuine.
DISTRIBUTED LEDGERS
A distributed ledger is a set of communication protocols that enable administratively decentralized, replicated databases. Distributed ledgers can provide an efficient and secure infrastructure for the issuance and exchange of digital assets. Their security, democratized control, and automation can have a transformational-impact on industries ranging from capital markets to global trade
SECURITY
Cryptographically secured and Byzantine fault tolerant by design. Blockchain ushers in a new era of security in a time where perimeter security and authoritative control are no longer viable security models.
AUDITABILITY
Blockchain provides a shared, immutable log of every activity on the system, enabling improved activity auditability and traceability of the provenance and history of an asset.
AUTOMATION
Smart contracts can securely automate and link existing business processes. When designed with blockchain input/output oracles they can be used to connect disparate systems.
THE POWER OF COGNETIX NODES
Data acquisition & management software called CognetiX (nodes) which together with Oracles will unify amorphous data from all sources and package them for inclusion into the Nuvus blockchain ecosystem svia the Nuvus Protocol.
CURRENT STATE
Our current version of Cognetix includes a strong predictive data analytics engine and capabilities to collect all types of data from any database source. Software controls every aspect of a controlled environment agriculture grow facility. Every harvest is tracked, documented and available in visible format both in real time and historically.
NEXT STEP
CognetiX™ will be expanded to collect verified data for all transactions from seed to patient. CognetiX™ allows various computer systems to be integrated through a cultivator’s infrastructure. Using API connecting software packages, CognetiX ™ will allow all computer systems to be monitored with a smartphone application and the robust hardware of integrated servers or cloud-based apparatuses.
THE GOAL
By recording the various data points including chain of custody, traceability of the products, supply chain verification, a protocol can be built around the data points ensuring consistent & trusted parameters. Data sets will be housed in permissioned or public blockchain that is available to all stake holders.
WHAT NUVUS PROTOCOL WILL BRING TO THE INDUSTRY
INCREASED TRANSPARENCY
ECONOMICAL TRANSACTIONS
SPEEDS UP PROCESSES
CREATES TRUSTLESS TRUST
PRIVATE OFF-CHAIN TRANSACTION
UNIVERSAL EXCHANGE PLATFORM
DEMOCRATIC GOVERNANCE
COMPLIANCE WITH THE LOCAL GOVERNMENTS
GLOBAL EXCHANGE TOKEN (GET)
The Nuvus Protocol will integrate a new ERC20 based utility token called “Global Exchange Token (GET).” Moreover, it will integrate the Global Exchange Token (GET), a new Ethereum blockchain token, that can also be leveraged to data process flow, data collection & analytics, qualitative data collection, State and self-governed analytical data consisting of transaction information, patient’s feedback and grower input to encourage positive data provider and user behavior, rewarding the timeliness, quality, or reach of communications, among others.
Why Nuvus
Cannabis industry is booming globally
Cannabis industry is highly regulated
Cannabis products are touted as medicine but not managed like the pharma industry
There is no global standard for traceability or chain of custody
Participants need a trusted global platform to trade in a trustless world
GET token will allow the entry to a global exchange platform
GET token would allow seamless transactions using blockchain between global parties
GET token would allow buy/sell data/services globally which is not available or possible currently
GET token would empower the doctors and researchers to gather valuable data within the platform to develop and prescribe effective medicine
GET token will empower a global advocacy around the world breaking all barriers to bring power and knowledge to the masses about the benefits of cannabis as medicine
Company behind Nuvus Protocol is a very successful company ran by fortune 500 management
TOKEN ECONOMY
GET Protocol integrated platforms will be able to integrate Global Exchange Token (GET) into their ecosystem. Users can earn GET by performing platform specific incentivized actions (e.g., requesting data, verifying data, integrating data, offering the complied data, etc.), and then use these earned tokens to receive premium services on the platform. The app will keep a small number of tokens as payment for services rendered, and allocate the rest toward users performing specific actions that add value to the platform like providing advocacy level participation and contribution in medicinal delivery and patient health. Instead of collecting silo (segment of cannabis industry) data in exchange for a service or cash, applications or companies that use the Nuvus Protocol can provide services that utilize Global Exchange Tokens (GET). When a user wants to use a service, they give some amount of GET to the application.
provider - user - workflow model
within the platform
token workflow model
TOKEN SALE
Token type:
Utility
Token symbol:
GET
Protocol:
ERC20
Total token supply:
200,000,000
Smart contract:
Github
Start Date
1st Feb 2018
Duration of Token Sale
60 days
Price of GET Token
0.00088 ETH – 0.00008 BTC or $0.80
Hard Cap
78,000 ETH or $70 million USD
Soft Cap – Early Termination
39,000 ETH or $35 million USD
Technical limit to the number of tokens
200,000,000
Unsold Tokens
Unsold and unallocated tokens will be destroyed
Further Token Issues
Not at this point
Methods of token purchase
Bitcoin (BTC), Ethereum (ETH), and others
Minimum Cap
$840,000 USD, all funds will be returned
Token activation date
To be determined
Pre-Sale Stage 1 - Extra bonuses allocation
Day 1-31: Pre-Sale Bonus
Period 1-7 days Bonus: +40% tokens Min. purchase from 40,000 GET
Period 8-15 days Bonus: +30% tokens Min. purchase from 20,000 GET
Period 16-23 days Bonus: +25% tokens Min. purchase from 10,000 GET
Period 24-31 days Bonus: +20% tokens Min. purchase from 7,000 GET
Pre-Sale Stage 2 - Extra bonuses allocation
Day 31-63: 1st Participant Bonus
Period 32-39 days Bonus: +15% tokens Min purchase 1000 Token
Period 40-47 days Bonus: +10% tokens Min purchase 1000 Token
Period 48-55 days Bonus: +5% tokens Min purchase 1000 Token
Period 56-63 days Bonus: +2% tokens Min. purchase 1000 Token
Crowdsale
Period 64-75 days No Bonus No Minimums
nb All tokens in available pool unsold during Token Sale will be burned.