CannaCor

November 01, 2019

Introduction to CannaCor Blockchain Platform

As the wide adoption of Blockchain technology use cases and Cryptocurrencies is going viral today. It is wise for one to hop on, on the train of Blockchain technology, cryptocurrencies and its services; and ride along. However, this is not just something to hop on without having an in-depth knowledge of it. When something is in rage, the best option is to understand it before join. Therefore, it is very rational to ask the following questions: what exactly is this exceptional Blockchain based platform called CannaCor Platform, all about? How does it work? What do me, friends, organization stand to benefit from ConnaCor platform? What differentiates it from others? Etc. This article will answer all the above questions about CannaCor Platform; keep reading.

What is CannaCor Platform?

CannaCor is a company in collaboration with Blockchain Corporation that is committed to solving problems in the medical cannabis industry and focusing attention on implementing real-world blockchain technology solutions to ensure consistent crop growth of excellent quality and quantity. It aspires to streamline the cultivation life cycle of the cannabis crop and deliver pinpoint supply chain solutions to enhance product trace ability.

CannaCor and Blockchain Corporation team will do this by positioning itself as an early adopter and implementer of a combination of Blockchain and Hyperledger technologies to manage the medical cannabis production life cycle and supply chain. Key focus areas are cultivation life cycle management and supply chain management.

CannaCor (Pty) Ltd is an incorporated company under the Companies Act of 2011 in the Kingdom of Lesotho with Registration Number 65263 and TIN number 200084029-4.

CannaCor is licensed as a prohibited drug operator: The license is granted under Section 12 of the Drug Abuse Act of 2008 with license number 02/D022/06-2019.

CannaCor has obtained 50 000m2 of land in Berea, Lesotho, of which 30 000m2 is permitted for greenhouse or indoor cultivation of Cannabis.

CannaCor 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

Cannacor Mission

The Mission of CannaCor is to 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.

CannaCor Comparison Table

The below table shows that CannaCor cannot be compare to other existing Cannabis Blockchain driven platforms. It surpass them in all squares, and will remain on top for dacades based on it blueprint.

CannaCor 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. CannaCor 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.

CannaCor Cannabis Supply Chain Management

The supply chain management is to hand 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

CannaCor Token Technical Information, Allocation and distribution

Ico Information and Coin Allocation

Fund Allocation

CannaCor Coin Buyback and Burn

Ø CannaCor (Pty) Ltd will allocate 12% of its NET profit to buy back CANNACOR coins twice a year over a period of 10 years.

Ø 100% of coins bought back will be burnt/destroyed immediately after buyback.

Ø This will maintain stable growth of the CannaCor Cryptocurrency

Ø Decrease initial supply of the CannaCor cryptocurrency

Ø 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.

Features of CannaCor Coin

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.

CannaCor Project BluePrint