The last few years have seen blockchain technology emerged to be the solution that’s needed for multiple issues in a lot of industries. The technology has seen a massive level of acceptance with platforms springing up to offer use cases in virtually all aspects of life using the technology. For a long while, the marijuana industry has seemed to be in need of a technology that will not only resolve the problem of payment, but will also allow quick and easy access to the product in certain areas where federal laws are still restricting production. A few platforms have adopted the blockchain technology to disrupt the legal marijuana industry and here are a few top players that you should check out.
Disclaimer: The purpose of this list is not to pick the ” best ” cryptocurrency. The fundamental purpose of this list is to encourage community engagement and intellectual debate among the supporters of different cryptocurrency projects. By bringing supporters of different projects together, we hope to unravel the actual value and sentiment of each project via civilized debates. p.s. Nothing in this article should be treated as financial advice.
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With the gradual legalizing of marijuana in most countries around the world, TokesPlatform intends to utilize blockchain technology to solve banking problems common with the sale of marijuana across borders. By leveraging on cryptocurrencies, the platform intends to make payment for legal marijuana faster and more secure.
Growers international joined the bandwagon of cryptocurrency platforms which intend to use blockchain technology to revolutionize the marijuana industry in 2017. The platform aims to function as a decentralized peer to peer network that will ensure seamless flow of transaction between users in the marijuana industry, without needing the interference of any third party. On the network, buyers can research to identify legal locations where they can purchase marijuana, as well as placing order for the product anonymously.
- Ticker Symbol: GRWI
- Token Type: ERC20
- Website: https://grwi.io
- Whitepaper: Growers International Whitepaper
With a lot of banks still avoiding to trade with businesses that are in any way involved in marijuana, dispensaries handling legal marijuana are left to hold large amount of cash on site, which is generally unsafe. GreenMed have rolled out mechanisms to solve this by using blockchain technology to provide a seamless payment option for dispensaries.
Launched in 2014, PotCoin ranks high as one of the first cryptocurrencies to enter the legal marijuana industry. The platform was created to bring banking solution using blockchain technology to people seeking to invest in legal marijuana. An impressive feature of the coin is the incredible 40 seconds transaction speed/block time.
HempCoin was also launched in 2014 as one of the early top coins to disrupt legal marijuana trade. It pays very little focus on individual buyers, and a lot more focus on easing the trade difficulties existing between marijuana farmers and local dispensaries, as well as helping to provide equipment needed for cultivation of marijuana.
DopeCoin was launched in February, 2014 with an aim to provide a modern and secured way of transacting business in the large legal marijuana market by leveraging on blockchain technology. With up to 117 million of its token already in circulation, the platform is providing a seamless channel for trading of legal marijuana.
- Ticker Symbol: DOPE
- Token Type:ERC20
- Website: https://dopecoin.com
Paragon is attempting to revolutionize the current structure of the marijuana market by leveraging on blockchain technology to ensure a streamlined, transparent and secure ledger system. The company is already employing protocols that will ease the process of tracking harvesting and other cannabis-related services by all the parties involved in the marijuana trade.
- Ticker Symbol: PRG
- Token Type: ERC20
- Website: https://paragoncoin.com
- Whitepaper: ParagonCoin Whitepaper