ONU: An Amazing Suite of Blockchain Solutions for Cannabis Industry
Aug 18, 2020
The ONU(Orbital Network Union) community, is proud to announce it’s return with an amazing suite of blockchain solutions for this invigorated industry.
August 18, 2020 /PressReleaseAgency/ —
The global cannabis market remains highly competitive and robustly dynamic - new partnerships and expansions are underway as the wave of legalization spreads gradually across the globe，such as Microsoft, Coca-Cola, Procter & Gamble P&G, and Marlboro. And as a safer seed-to-sale solution for the monitoring of legal cannabis transactions, blockchain technology is gaining more attention. The ONU(Orbital Network Union) community, is proud to announce it’s return with an amazing suite of blockchain solutions for this invigorated industry.
The massive and legalization market provides a great opportunity
Many projections have been done concerning the global cannabis market for the next decade. According to the latest reports, the global total cannabis market (regulated and illicit) is estimated to be $344 billion USD (source: New Frontier Data ). And in 2018, the global legal cannabis market was nearly US$12 billion, and by 2025 it will reach US$166 billion (source: Euromonitor International’s data).
CBD, or cannabidiol, is one of the major cannabinoids in cannabis, which is well known for its medical value. It is a popular wellness product used by people around the country to help bring balance to their hectic modern lives. According to Brightfield Group, the annual sales of the CBD market in the U.S. is expected to grow to 23.7 billion dollars by 2023. If the data is accurate, it means that the compound annual growth rate will reach 100% from 2019 to 2023.
The latest study out of Brazil about CBD is very exciting. It found that twice-daily use of cannabis-based CBD has resulted in significant improvements among adolescents with autism-spectrum disorder.
“It was absolutely a good news! Cannabis industry is the world’s foremost exciting and emerging marketplace. The massive market and the legalization trend has provided us with a unique opportunity to demonstrate the effectiveness of our technology to several of leading licensed producers and other key industry participants,” said the head of ONU, “We intend on becoming an indispensable part of the solution to bring the highest standards of transparency and accountability to the cannabis sectotr."
Why ONU?
Anyone wondering how to start a cannabis business must be prepared to handle the supply chain intricacies of this industry. Such as cannabis production traceable, banking & payment, transportation logistics, etc. And all those issues make “blockchain” technology a great fit for the cannabis industry.
While the Cannabis industry grows quickly, ONU seizes the chance and takes the lead in solving industry problems. It is committed to solving the payment, traceability and financing problems of medical hemp ecology, and realizes safe payment and data On-chain, asset on-chain, and asset tokenization will establish a distributed peer-to-peer trust network for the cannabis ecology, realize communication, transaction, confirmation, traceability, and supervision, and create a complete legal medical cannabis closed-loop ecosystem.
A suite of Cannabis solutions
ONU's ICO is coming sooner. And according to the white paper published recently, ONU will announce the sale of tokens from its upcoming blockchain ONUChain, though from the ethereum-based blockchain at the moment. The tokens will allow users to access all of ONU’s business suite functions, which range from equipment ordering and inventory management, to seed-to-sale tracking. At the same time, ONU had successfully released of ONUPAY，ONUFUND as well as ONUPAY POS.
ONUPAY
ONUPAY digital wallet is an investment and financial management tool. It designed the high-quality medical marijuana planting project in North America as a hemp planting contract to grow medical marijuana for investors. From planting to wholesale, the farm is responsible for the period from three months to one year. According to the whitepaper, the annualized income is between 80%-138%, and there are more than 50 medical marijuana farms cooperating with our foundation, with a land area of more than 10,000 acres.
ONUFUND
ONUFUND has a strong project management team composed of cannabis planting scientists, cannabis investment experts, cannabis sales channel experts and cannabis legal lawyers. Each member has more than 20 years of experience in cannabis industry. “For ONUFund Cannabis Ecological Fund, 20% of the net profit of each quarter will be used to repurchase ONU Token and burn it directly. This will cause CNC to continue to deflate and prices will continue to rise.” Said the project leader.
ONUPAY POS
The ONU consumer application will create an all in one cannabis hub where consumers arrange their purchases, locate the nearest cannabis shop, find their favorite strains, view the best product offerings, learn about the product’s origin and more.
Elegomall (ONU’s partner-Elego -the biggest franchised supplier for electronic cigarettes)
ONUEngine
ONUEngine is a platform that provides incubation and financing for global cannabis ecological companies, helping some high-quality cannabis ecological companies to raise funds in the digital currency market through STO. The tokens issued by these companies will create smart contracts on the CNC cannabis public chain, using CNC as the Token for fundraising, just like the world’s second-largest public chain Ethereum ETH, which will issue tokens on the public chain, while CNC cannabis public chain The chain aims to create a public chain that issues tokens for global cannabis ecological enterprises. Our vision is to become the Ethereum of the cannabis ecology."
ONU Industrial Hemp Futures Exchange
ONU (Cannabis Exchange) is an exchange where investors can trade blockchain tokens related to CBD as crypto assets. Through ONU, investors can enjoy the increasing profit from the cannabis industry without holding any cannabis license.
2020 could be the year in which blockchain solutions geared towards the cannabis industry make good on their unrealized potential by making it easier, safer and cheaper for merchants, consumers, and suppliers to transact. ONU will further empower the cannabis industry and will also bring more good news to the market.
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Organization: Global News Online
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Source: PressReleaseAgency
Release ID: 88973233
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