It’s interesting to observe how cryptocurrences are penetrating into all the spheres of our life. Now it’s turn of the cannabis market to be changed.
Paragon is tackling the industry wide problems faced by the cannabis industry. Our goal is to legitimize and provide transparency and regulatory solutions to this fractured industry. Our first steps have been completed, including the finalization of a successful crowd-sale with tens of thousands of participants! Currently, our doctor database (part of our MVP) has been rolled out and is being expanded upon – but it certainly will not end there. The cannabis industry has traditionally been fragmented, untrustworthy, and illicit, but it is now moving towards greater legitimacy. New research shows powerful health benefits of cannabis and strong social movements are pushing for increased legalization. One way to improve the reputation of the industry is to modernize it, make it standardized, fully verifiable, and built on a system of trust between patients, doctors, growers, and suppliers. New blockchain technology / Distributed Ledger Technology(DLT) offers an ideal solution. Since blockchain holds an immutable ledger and assured contracts, it can easily accommodate the recording and storing of all product life cycle events, verify patient identification, assure payments, and more. Paragon seeks to create a crypto-token built on smart contracts on blockchain specifically for the worldwide cannabis community. Paragon is the first organization dedicated to leveraging smart contracts built on the blockchain to create and foster a community dedicated to the worldwide legalization and systematization of cannabis.
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