We are now in the age of digitalization, which continues to be driven by new technologies. One of these new technologies that will play a key role in different areas and industries in the future is blockchain technology. We often associate blockchain technology with bitcoin or other cryptocurrencies, but these represent only individual fields of application of blockchain technology. Blockchain technology has huge potential and will impact and shape entire industries in the coming years.

The CBD And Cannabis market is one of the fastest growing markets in the world. Strong growth will continue in the coming years. The company CeBioLabs from Hamburg wants to revolutionize the market for CBD and cannabis with the help of blockchain technology. CeBioLabs is the first project of its kind in the world.

Experienced Experts as Part of the Team

The CeBioLabs team is composed of several experienced CeBiol GmbH employees, as well as some experts in crypto and blockchain technologies. The project is accompanied by a well-known Hamburg law firm for financial and capital law. The entire project, including our CBSL token have been audited by the German Federal Financial Supervisory Authority “BaFin”, which has classified the CBSL Token as a freely tradable utility token.

Problems on the Market that CeBioLabs Will Solve

CeBiol GmbH has already been active in the European CBD market since 2018. The company knows the market with its weaknesses and problems. Due to the often long and complex supply chains for Cannabis and CBD products, many players are also involved in the processes. Often, important information within the supply chains is not available to the players, or it is only transmitted incorrectly or gets lost. Overall, the market is not transparent, and data and information cannot be traced, which creates a problem of trust. This is especially fatal for the very young and sensitive cannabis market.

The CeBioLabs SCM System as Solution for a Transparent Market

The solution for this is the CeBioLabs Supply Chain Management complete system. The CeBioLabs SCM tool will make the value chain for CBD and cannabis products transparent and traceable. For this purpose, all stakeholders involved in the value chain from cultivation to sale of the end products will be provided with a comprehensive platform. This will document all information about the production, processing, and distribution steps, as well as quality controls and laboratory analyses. This includes the quality of the seed, information about the cultivation of the plants, fertilization and irrigation, pest control, harvesting and drying, extraction of the biomass, further refinement, and filling. Only accurate and traceable information can ensure the quality of the final products and eliminate trust issues.

Use and Advantages of Blockchain technology

With the help of blockchain technology, all data is managed in a decentralized, traceable, and unchangeable manner. In the process, individual data records are combined into data blocks, linked together, and strung together to form a blockchain. This is where the name blockchain comes from. Cryptographic mechanisms ensure that the data included in the blockchain cannot be changed or falsified. The CeBioLabs SCM tool will make the value chain for CBD products transparent and traceable for all market participants. Gaps in information within supply chains or trust issues will belong to the past.

CeBioLabs will be the first company in the world using blockchain technology for the CBD market and later expand it for the entire cannabis market. Due to its many advantages, blockchain technology can be used in a wide range of economic sectors.

CBSL Token as a Link Between Technology and Crypto Market

The CBSL token will play a key role and serve as the primary means of payment. Companies wishing to use CeBioLab’s systems will have to pay the fees of use in CBSL tokens. This will increase the demand for the token. Additional benefits for end customers and further use cases will make the CBSL Token an attractive cryptoasset in the future. The German Federal Financial Supervisory Authority (BaFin) has reviewed the CBSL token and classified it as a utility token.

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