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BLOCKCHAIN
CannaInvestor Magazine, last autumn, was a pioneer in introducing the notion of a prospective and speculative investment strategy that embraces cannabis and blockchain. Recently, the Motley Fool came to this same conclusion.
Too many people confuse blockchain with cryptocurrency and their common ground is that all leading cryptocurrencies use blockchain.
Blockchain appears to be setting up to be the foundation of cyber security – banking, taxes, financial transactions, healthcare, prescription management, and from there virtually all aspects of commercial enterprise. Are those not also the very fabric of medical marijuana? if you do not already subscribe to our industry leading CANNAHealthcare Magazine then I suggest you consider doing so and it is also free to subscribe. The current issue discusses in depth “The top 5 reasons why every Healthcare company should invest in Blockchain”. RBC Capital Markets analyst Mitch Steves predicts that blockchain has the potential of being a multi-trillion dollar global industry.
With so much concern over foreign government interference in the very fabric of Western democracies, blockchain may soon also be used to ensure failsafe security of the cornerstones of the democratic process. If one did not see it before, one can now see why we introduced this strategy that others have since embraced and repackaged or rebranded. Others covering the industry only now are referring to the cannabis and blockchain connection as being game-changing.
Liberty Leaf Holdings Ltd (CSE:LIB; OTC:LIBFF), for good reason, was our feature company last month and when we introduced the industry to the natural symbiotic relationship between the cannabis industry and blockchain last fall (and rebranded and parroted by others recently), little did we know then that LIB would establish a relationship with Blox Labs Inc (CSE:BLOX; OTC:BLXFF) to develop blockchain-based smart contracts ledger for the legalized cannabis industry. For those interested in learning more about LIB, I encourage you to refer to our last month’s issue or our special edition for traders and professionals. LIB’s most recent deck can also be accessed from this link. We are now introducing a third industry that not only already exists but is growing and with no end in sight - tourism. Destination Canada provides excellent statistics.