Nuvus Is Merging The Two Fastest Growing Industries Blockchain + Cannabis
The recreational use of cannabis might still be a hot topic of debate in some parts of the world which is why a company utilizing blockchain technology (the other topic that seems to be on the tip of everyone's tongue.) is so relevant at this moment in time.
Cannabis is a hot topic these days for all kinds of reasons. The Nuvus Blockchain project was 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 & audit-ability to all industry participants adding significant value to the industry.
The Nuvus Protocol will integrate a new ERC20 based utility token called the“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, a patient’s feedback and grower input to encourage positive data providers and user behavior, rewarding the timeliness, quality or reach of communications, among others.
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 a nominal amount of GET to the application.
All of the info on this emerging token economy can be found on their website.
You can read the Nuvus white paper Here.
You may ask yourself why this is an interesting topic to me.
There are a few reasons.
1) The first is that I live in California and a cannabis discussion is as normal as talking about the weather.
2) The second is that I believe in the legalization on all levels (It's a personal opinion that you are free to agree or disagree with.)
3) I'm obsessed with blockchain technology and the way it will change the world.
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