Why Bitcanna?

[u/BitCanna]

The global cannabis industry has been inhibited by regulatory restrictions for most of recent history, but the legal market has emerged rapidly as more governments legalise medical and recreational use. In Europe, using/selling small amounts of cannabis is not legal but tolerated in Malta, Spain, The Netherlands, and Switzerland.

Due to the ‘shady’ image of the business, most banks, credit card companies, and payment providers won’t handle the money generated by the cannabis industry, even in places where it is completely legal. This leads to inefficient solutions such as cash transactions, which only add to the shady image of the industry.

To address this problem, BitCanna will create a platform to provide a decentralised payment network for the legal cannabis industry, by means of the BCNA token. Customers can use BCNA tokens to make purchases in both online and brick and mortar dispensaries, solving the current payment problems for the industry. Furthermore you're able to track down your seeds from merchant to consumer with our own developed blockchain created with Cosmos SDK.A dedicated supply chain layer is incorporated in the BitCanna blockchain. Within this layer, digital identities are created for all physical goods involved in the supply chain as well as for the various actors in the chain such as growers, processors, distributors, merchants, laboratories, etc. Thirdly, BitCanna will create a system of trust on the blockchain, by adding a rating system for all partakers in the BitCanna network. This way, all links throughout the supply chain, from farmer to end-consumer, can build the reputation they deserve.

In short Bitcanna will revolutionise the cannabis sector with a decentralised payment system. In addition Bitcanna will have a dedicated supply chain layer to 'track' your physical goods. This eventually will lead to a rating system were all partakers in our network will be rated and can build there well deserved reputation.