BTC Peers
Published Nov 18, 2021 09:52AM ET
Decentralization for All Style Platform, Coop Network to Bring Medical Cannabis Market into the Blockchain Era
Coop Network, a recently launched cooperative initiative by people who wish to bring traditional organizations into the 4th industrial revolution of blockchain, is ready to disrupt the medical cannabis business.
Planting DecentralizationA collection of different nations and states, the EU has a difficult time handling the multi-billion cannabis market. Many member countries have regularized cannabis as medical aid and try to keep it highly regulated, but for the most part anything related to its sales cycle, right from the start of production, to transportation, and consumption, remains illegal.
This has resulted in a massive underground industry where the cannabis supply chain can disappear, leaving not only a question mark on the traceability but concerns on the origin and quality of the controlled and legal material in the market. This in turn affects not only the consumers who get low-quality products, but it harms the legal businesses as the industry is still earning a bad name.
Then there is the friction within the supply chain itself. Since it is a controlled substance, there is a lot of paperwork involved with the production, transportation, and sales. The more paperwork, the slower it gets.
In the end, the industry and its stakeholders suffer as a whole.
Coop: Helping Medical Cannabis MarketUsing blockchain, Coop can help traditional organizations and industries get things moving along faster because it relies on decentralization and the power of the technology.
With its own blockchain network that is aimed to be faster, cheaper, and more secure than off the shelf options, Coop Network provides a perfect solution to the cannabis industry. Each stage of the complete industry and supply chain is recorded on the blockchain for complete transparency and quick verification and tracking.
This includes inventory management, delivery schedules, official and licensed sellers, etc. This will not only break down the friction in the current cannabis industry but usher in a new era of consumer confidence since they will know that the product is of high quality and legal.
Why The Coop Network?The Coop Network ecosystem is geared not just another chain or a crypto oriented platform that aims to give financial power through market standard DeFi or other products, but relies on its democratic inclusion of all stakeholders:
$GMD: Power Behind Coop NetworkUsing its own blockchain, the Coop Network runs using its native utility and governance coin, the $GMD. It acts as a medium of exchange, as a means of paying Gas on the network, DeFi related activities, and to secure the complete ecosystem.
One partner said about $GMD,"We are excited to welcome the $GMD coin to our platform. We highly appreciate the Coop Network's efforts in delivering the real democratic governance model. We believe the collaboration between our projects will evolve, allowing us and our users to make the most of it."
$GMD comes with additional features such as:
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Written By: BTC Peers
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