Nuvus's mission involves introducing a trustless verification system on all supply chain transactions in the cannabis industry, providing growers, processors, distributors, retailers, doctors and users full transpar-ency into the supply chain, from seed to user distribution, with decentralized blockchain verification at every step. This will provide transparency on the type, potency and potential benefits of different strains and their effects on the human body, adding significant value to the commodity across uses, research and industries, some of which are likely not yet defined.
Nuvus's technology has the potential to become one of the most used and valuable products in the cannabis industry, potentially becoming ubiquitous across all industry participants. If adopted globally, it will add billions of data points to the supply chain, benefiting medicinal research and proper diagnosis in patients. Bringing decentralized, immutable blockchain technologies with billions of live, verified data points to the cannabis industry, will add significant value and transparency to the Industry’s supply chain. Currently, supply chain data is non-transparent and controlled by centralized organizations and authorities, subject to industry manipulation and slow adoption of life saving treatments and research.Nuvus, along with its partners, will provide a distributed ledger network and trusted technology, based on open source public & permission based private blockchain technologies to house and secure the data while providing uniform access to all its stakeholders.
Nuvus’ partners include master growers, universities, doctors, scientists, technology companies and various government affiliates working in tandem to ensure that the patient is receiving the right product at the highest quality for the treatment being sought.The Nuvus Protocol will be designed with hyperledger.org enterprise grade business blockchain tech-nology to verify supply chain development and transactions. Nuvus has developed the Global Exchange Token (“GET”), a proprietary ERC-20 Ethereum based token that is used for the validation process of both the quantitative and qualitative data collection, process flow and analytics related to the supply chain details being captured by the blockchain. The blockchain will provide real time patient’s feedback and grower input to encourage full transparency of data providers and user behavior, rewarding timeliness, quality, reach of communications, as well as accountability of the diagnosis.