Many times we hear about the disruptive potential of technologies. Specifically, of the ability to cause a change and break with previous models. And while this potential often falls short of what was promised, there is a technology that is attracting attention for its great power of change. A system that makes it possible to ensure the traceability of products throughout the world and to put an end to bank fraud, promising efficient and decentralized energy management.
In simple words, blockchain is a game-changer in payment methods used by different economic sectors to improve the efficiency by decreasing human error and increasing transparency.
What is Blockchain?
The blockchain is a distributed and decentralized database that is used to record transactions of any kind, including currency, goods, property, or work. The blockchain is a database that is shared in a network of nodes (computers) to ensure all copies are the same. In other words, the information exists simultaneously in millions of places which makes it harder to hack.
Using this technology, participants can confirm transactions without the need for a central certifying authority. Potential applications include fund transfers, settling trades, voting, and many other uses. This simple process enables trust and transparency between people and eliminates the intermediates with a low-cost transaction fee.
Verification of transactions is achieved by participants confirming changes with one another, replacing the need for a third party to authorize transactions. Decentralized consensus makes blockchain platforms immutable, and updatable only via consensus or agreement among peers. This design is meant to protect against domination of the network by any single computer or group of computers.
Blockchain technology appeared in 2008 but it only became popular with the Bitcoin Blockchain launch in 2009. The Bitcoin Blockchain is the system to enable any BTC transaction. This means, Bitcoin is the name of the blockchain, and BTC is the coin.
BTC is the most popular cryptocurrency and the biggest one in market capitalization. The number of BTC in circulation is around 18.7 million and any new BTC in circulation has to be approved by the Bitcoin Blockchain protocol.
If any person asks you what blockchain is, you can say: the blockchain is a decentralized database independent of any government or central bank, providing transparency and avoiding corruption.
What opportunities does Blockchain provide?
Institutions and companies also identify other potential case uses, which means that this technology can help in logistics, supply chain, health system, the political election process, public procurement, and others. Today the most common use of Blockchain is through cryptocurrency transactions. According to Market Insider, in 2021 more than 100 million people use a cryptocurrency around the world.
The first purchase with Bitcoin was made in 2010, that historic moment registered the exchange of 10.000 BTC for 2 Papa John’s pizzas. Today, with 1 BTC you can purchase more than 2.500 pizzas.
There are more than 10.000 types of cryptocurrency and tokens that provide different solutions for the real world. This market is attractive for retail investors interested in profitable opportunities.
You can use cryptocurrencies as savings, transfer funds, or payment methods. My latest (and one of the greatest) discovery was a huge opportunity to use as a payment method in the medical cannabis industry, in this case, as a way to generate profits.
Investing in cannabis is not only possible, but profitable!
Investing in the medicinal cannabis industry is a new trend around the world especially in the last 4 years, just the 15 largest cannabis companies that are public in the stock market have $54.25 billion in market capitalization, which is a huge number for this new industry. Most of these companies are located in the USA and Canada.
The cannabis market is driving growth by the global law scenario. Now, a larger number of countries are more transparent in the process of export, for example in Colombia the development of cultivation and exportation has progressed in the last years, and Colombian-grown marijuana is available for export to markets around the world, legally!.
According to the Data Bridge Market Research (DBMR) analysis, the Medical Cannabis Market is expected to reach USD 67,354.01 million by 2028.
In JuicyField you can start investing in medical cannabis with 50 euros through a crowd-growing model. Another interesting thing is that you can use the biggest cryptocurrencies (in volume transactions) of the crypto market; Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), but what are the benefits of this payment method?
- Fast transactions. You can confirm a global transaction in just a few minutes.
- Low cost. As peer-to-peer transactions, you avoid the intermediates and just pay the network cost.
- Privacy. You can protect your privacy using cryptocurrency without sharing your personal information.
Cannabis investing is a vibrant and exciting opportunity to increase your assets. Furthemore, is completely online, 100% legal, and transparent.