Imagine you are a stoner and you want to share your knowledge gathered over the years or you would like to share your experiences related to cannabis or you would just would like to share a photo of your newly grown cannabis plant and get paid for just sharing these. This is basically how smoke.network operate.
Smoke.network is a pioneering social media application for the cannabis community. Design of the applications is rewarding its users based on their participation on the network. Network will actually be based on blockchain which means all the content created and posted on the application will be decentralized and owned by its users. The open source blockchain will be powered of Delegated Proof of Stake consensus protocol.
I will assume here that you know how Steem works (30k sats at the moment of writing), which is a similar blockchain Project where people share a blogpost about an issue and get paid according to how the content is liked by its readers. I would give detailed information on the subject on my following blogs.
• Why Cannabis Industry?
Cannabis industry is an emerging industry after following many states and countries legalized recreational and/or medicinal use. As published in Forbes a research made by experts points a 60% compound year over year growth for the legal cannabis industry as a whole. Current estimated global market size is 7.7 billion USD. According to these two facts we might say that the global market size would easily reach 31.4 billion USD by 2021. This is an emerging industry and many people would like to cease the opportunities it might bring. This is not the only reason why founders wanted to create an application like this. They want to assist the global legalization of cannabis by creating such a beautiful product for the community.
• Why Decentralized?
Do you believe you can share a photo of your newly grown cannabis plant on facebook without having issues or can you share your cannabis related experience using twitter? I can here all you answering hell no! Because, these social media platforms are centralized which means they are governed by a central body maybe one man. He can ban you posting anything and you may get even get arrested/punished if it is illegal to post or share that kind of knowledge on a social media in your country. So centralization and cannabis do not go together well until lately anyway.
Unlike other popular social networks, Smoke.Network is not controlled by a central authority. There is no single person that can modify the rules or governance of the application, or censor any users from accessing the application. The network is instead owned by all users and token holders in a distributed manner. This creates an incentive for all users to help grow the network together and rewards the users that provide the most value for their contributions.
• What will it bring?
The first DApp built on the Smoke Network blockchain is Smoke.io, the Smoke.Network Minimal Viable Product (MVP). It was built to showcase basic features of the network and allows users to post images and articles, share stories, as well us up-vote, follow and curate content created by others on an immutable uncensorable blockchain and gain rewards for their efforts. The ability to review strains and local dispensaries will be rolled out at a later date, along with a grow journal and grow tracking application.
Thank you for reading. My original intention is to provide daily information on the project but you can check yourself at https://smoke.network as well as https://smoke.io for more information at once.