This Guy is Building the Tinder for Cannabis on Blockchain

November 11, 2017

12:45 pm

Tinder has been revolutionary in the app world. Those who’ve found love through this app swear by its simplicity and user-friendliness. You get on the app and there’s a stack of profiles waiting for you. You spend a couple of seconds on each profile before you “Like” (Yay!) it or “Pass” (Nay…)  it. If the profile has Liked you as well, it’s a match! Easy Cake.

Now, imagine a Tinder for Cannabis.

Budbo, the Tinder for Cannabis

Users, growers, manufacturers, and dispensaries all have a reason to rejoice as marijuana is gradually being legalized in the US. Connoisseurs can now walk into stores, buy their favorite strains and puff away like pros. But there are others who need assistance with choosing from hundreds of muddling names like Blue Dream, Sour Diesel, Gorilla Glue, OG Kush, Sunset Sherbert– that’s where Budbo comes in, connecting users with the right marijuana strains.

“The ‘Puff’ or ‘Pass’ functionality of the app works exactly like the ‘Yay’ or ‘Nay’ of Tinder, except that instead of people’s profiles, you see gorgeous marijuana strains, oils and edibles,” says Rick Burnett, the CEO of Budbo.

What’s even better is that you can choose your marijuana strain according to what you would like it to help you with – relieve pain, get your creative juices flowing, help you sleep, relax your nerves, etc. All you have to do is specify your preferences in the app and you will get a list of strains that match your specifications. Not just that, the app will also let you know about the dispensary closest to your location that sells your strain and give you directions to get there. At present, the app has over 75000 users which it connects to over 2000 dispensaries.

Blockchain and Cannabis

The legalization of cannabis has pushed the unorganized marijuana industry from the realm of clandestine deals in shady lanes and brought it out in the open. However, the road to complete legalization is fraught with the problems of fragmentation and marginalization of the industry.

The Budbo app aims to be major contributor in overcoming these problems marring the nascent marijuana industry with a blockchain-based solution.

“The Budbo app is doing fantastically well at this stage, but this is just the beginning. We aim to be the one-stop platform that will integrate, accelerate and facilitate a new generation of transparency and social interaction in the rapidly growing and increasingly legalized cannabis industry using blockchain,” said Luke Patterson, the president of Budbo.

About blockchain, it is a distributed ledger which will enable the storage of the data concerning the entire lifecycle of the product, including the transactions made in the end to end process of the product, and this record of data  will be available to everyone.

This publicly available record of immutable data can help the stakeholders in the marijuana industry in the following ways:

Solving the Problem of Supply Chain Leakage

Budbo Trax is a logistics tool which tracks the entire cannabis supply chain with its free driver GPS-enabled mobile app, thus enabling compliance reporting and preventing supply chain leakages.

Providing Relevant Market Data

With blockchain, the Budbo app will boast of verifiable analytics data based on consumer preferences to help growers, manufacturers and retailers. Armed with this data, growers will know which strains to grow, and retailers will be able to stock their shelves with trending strains.

Increasing Efficiency of the Supply Chain

Blockchain will reduce fragmentation in the marijuana industry and increase the efficiency of business operations by enabling seamless interactions between different components of the supply chain.

Solving the Problem of Patient Verification

Blockchain will have inbuilt KYC mechanisms to ensure that nobody misuses the platform.

Ensuring Compliance with the Law

Budbo offers a unified solution for cannabis businesses and users to transact safely, securely and in compliance with federal and state regulations using blockchain.

Thus, the adoption of blockchain by the Budbo app will catalyze the process of organizing the marijuana industry and extending its benefits to more users, growers, manufacturers and dispensaries.

Read more about the cannabis tech industry on TechCo

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