The CBD sector is one of the fastest growing industries today, with a projected CAGR of over 22% between 2022 and 2028, and nearly 20x revenue growth in the last eight years in the US. .
Extensive research into CBD and its effects on human health has led to multiple studies confirming the benefits of this substance. In light of positive feedback from the scientific community, the laws surrounding CBD began to relax over a decade ago. As a result, many people today use CBD products for a variety of purposes, from recreational use to health benefits related to better sleep, fighting anxiety, pain relief, improved appetite, and more. I’m here.
However, the CBD sector is still in its early stages, so the industry is not without its problems. Part of this is the lack of widespread adoption due to continued pushback from regulatory authorities, as well as misinformation about the exact nature of the substance and its effects. Others are in the traditional basic structure that other industries are also plagued with. Most important is the lack of transparency of information to end consumers and the resulting imbalance of power among stakeholders.
Blockchain – The Solution to the CBD Industry Problem?
Blockchain is already disrupting multiple industries by introducing innovative solutions to some of the most pressing problems. From fintech to the energy sector, this new technology will remove the information asymmetry between stakeholders and the unilateral power of intermediaries who can impose unfair terms without being affected. Possibilities are now possible. Transactions and even the entire supply chain can now be completely transparent to the end user. Stakeholders can interact directly with each other through a predefined set of programmed rules. All these rules have not been changed by the parties and are open to the public. Above all, blockchain has enabled him one core thing: verifiable trust.
The CBD sector is no exception in terms of the potential benefits to be gained by integrating with blockchain technology. From comprehensive information on the integrity of the manufacturing process to transparent pricing, relationship Customers benefit from a wide range of benefits, ranging from improved overall conditions for all stakeholders involved. Blockchain will also help accelerate adoption of CBD-based products by making the industry more transparent and understandable for regulators.
One new blockchain project will improve the situation for all stakeholders in the CBD industry and, more importantly, solve industry problems by introducing innovative solutions that have never been explored before. It was started with a mission to I’m talking about Qoomed.
Qoomed opens a new chapter for the CBD sector
Qoomed is a full-fledged blockchain-based ecosystem for the CBD industry, a B2B/B2C marketplace for high-quality CBD products, the first NFT platform specifically focused on the cannabis sector, Binance Smart Chain, and three It consists of main pillars. A token that facilitates trading.
The Qoomed Marketplace connects buyers and sellers directly and provides many tools for business stakeholders to maximize revenue. The marketplace provides farmers, brands, distributors, and retailers with solutions such as order and inventory management, CRM, etc. that comply with the specific needs of all stakeholder groups. The marketplace is already live, giving buyers access to his high-quality CBD products in different categories, including oils, foods and cosmetics from well-known brands such as Harmony, Osiris, Evielab, Huile, Playboy and Alpaisia.
The recently launched 420.work NFT platform by Qoomed is another prime example of the innovation the project is adding to the blockchain and cryptocurrency space. This is the first NFT marketplace specifically focused on providing exposure to CBD and cannabis artists. Qoomed recognizes the high degree of correlation between the two sectors, creating a seamless way for creators to expose themselves to a broad target group of potential fans. The NFT platform is closely related to the market as it adheres to the interests of the existing customer base of buyers of CBD products. The Qoomed project benefits from synergies between his two platforms that inherently enhance each other.
The QOOMED token underpins the Qoomed ecosystem and is used as a means of payment for products on the marketplace, minting fees on the NFT platform, and as a trading method for buying and selling NFTs. While the Qoomed marketplace allows fiat payments, using tokens is beneficial as it provides additional discounts and benefits for users.
The future of CBD is just beginning
Both the CBD and blockchain industries are still in the early stages of expanding their full potential. Relying on years of experience in the CBD sector, the Qoomed project has an in-depth knowledge of the most pressing issues and needs of all stakeholders, and is committed to solving these through the introduction of blockchain-based solutions. We are already looking for new and innovative ways to
both coomed market and 420. Work The NFT platform is already up and running. The Qoomed project has several more exciting additions coming in the coming months for cryptocurrency and his CBD enthusiasts. Sign up for our newsletter to stay up to date on his world’s first blockchain-based CBD ecosystem.