Blockchain meets cannabis

8 min readMay 20, 2018

LIVE. HEALTH. CONNECT. GROW

Jibbit creates an ecosystem network to connect the worldwide cannabis community with the crypto world (200m +). A world to make the cannabis market completely independent of the financial system and its influences. By making use of the Blockchain technology, we demonstrate the value of this revolutionary movement of the crypto-community and how we can make the world a little better. Be there today to help making the crypto world accessible to the masses. Give the power back to the people!

Jibbit GmbH works on several software solutions for the cannabis market with three core topics.

Marketplace for accessories, the Jibbit Marketplace delivery service for cannabis, the Jibbit runner medical cannabis area, the Jibbit Doc.

The goal of Jibbit is to connect the fast-growing cannabis industry with the crypto world and to make the benefits of Blockchain technology accessible. It should make payment with cryptocurrencies world-wide suitable for everyday use. In addition, Jibbit GmbH is working together with partners on further blockchain-based solutions in the area of payment and healthcare, primarily to promote the use of cryptocurrencies. The focus is also placed on the Jibbit token, in order to anchor it firmly in the crypto world and to give it a supporting role.

Jibbit®Marketplace

The crypto Cannabis Marketplace

One of the main features used by Jibbit is Blockchain technology. It makes payments on the platform transparent, anonymous and as safe as possible for all parties involved. Other criteria include reducing transaction and business costs and simplifying the purchasing process. Decentralization, globalization, and the opportunities provided by the use of Cryptocurrency in the network are our competitive advantages over other companies that have similar solutions on the market.

Those who pay in the Jibbit®Marketplace with Jibbit tokens indirectly benefit from a discount. The seller pays a discounted sales commission to the Jibbit ecosystem. The savings made by the seller are deducted directly from the invoice amount to the customer. Another feature are special offers, which Jibbit publish together with dealers. These are only shown to customers who use a wallet with Jibbit tokens on our platform.

This makes the Jibbit token more attractive to customers and makes it the preferred means of payment on our platform. The companies can create an intuitively designed backend software, a shop with their own products and prices. Registration and listing of products for companies is completely free of charge. Customers are also free to register. Thanks to our smart import interface, shop owner can import their product range into the Jibbit system with just a few clicks. Jibbit only collects a small sales commission from sales. A distribution with high-margin products by Jibbit is also planned.

Jibbit has already persuaded numerous companies in the cannabis industry to list their products in the Jibbit®Marketplace in the future. The portfolio on offer is expected to start at the planned test phase with a convincing product range.

Jibbit®Runner

The next cryptocurrency cannabis delivery service

Who doesn‘t know that? No matter if it’s a pizza,

burger or pasta. Online or via app, the food is conveniently and uncomplicatedly ordered with just a few clicks and delivered in the shortest period of time possible. Why can‘t you also get hash cookies, fruity juice or purple haze delivered to your doorstep through a cannabis messenger?

Jibbit®Runner, the delivery service for THC-containing cannabis products near you. As easy as ordering a pizza. Jibbit®Runner is intended to make cannabis products as easy to order as possible in the future.

Of course, this is only applicable in countries where the use and sale of cannabis is permitted and in compliance with the respective laws. Payable in the online shop or with the mobile phone at the front door per app,

Cryptocurrency JIB-BTC-ETH-LTC-XRM or in USD.

Even with Jibbit®Runner, the Jibbit token should become the preferred method of payment. If the customer pays with Jibbit tokens, he will receive a benefit on the purchase price of his order.

Note: In the case of payment transactions with the Jibbit token, the trader pays only half of the commission to the Jibbit ecosystem. This benefit is passed on to the customer.

Our Jibbit®Runner Portal offers customers the opportunity to view delivery services in their area. When you create an account, you can manage your favorites and place orders with just a few clicks. The customer receives customer-specific products with description and application examples, similar to a menu, and the possibility to read reviews submitted by other purchasers or to write new ones themselves.The delivery services can register at Jibbit®Runner free of charge and create a detailed company profile.

Through an intuitively designed backend software, the retailer can create its own shop with its own products and prices. Jibbit only collects a small sales commission from sales. Those who pay at Jibbit®Runner with

Jibbit tokens benefit indirectly from a discount. The seller pays a discounted sales commission to the Jibbit ecosystem. The savings of the seller are deducted directly from the invoice amount to the customer. Another feature are special offers, which Jibbit published together with dealers. These are only shown to customers who use a wallet on our platform. This makes the Jibbit token more attractive to customers and will make it the preferred means of payment on our platform

Jibbit is currently in talks with already active delivery services from the USA. Through cooperation and acquisitions, Jibbit®Runner is expected to play an important role in the delivery business for cannabis. The accumulated experience of the smaller existing delivery services is a valuable source of information for therealisation of the Jibbit®Runner platform. The first test phase is already planned in 2018.

Medical cannabis has already been legalized in many European countries. We are firmly convinced that the legalization wave for the use of cannabis for leisure will also reach Europe in the shortest possible time. The goal of Jibbit®Runner is to be prepared for this time and to become the first cannabis delivery service in Europe and to make payments with cryptocurrency.

Jibbit®Doc

The patient, doctors and pharmacy portal.

Jibbit®Doc should form the interface between patients, doctors and pharmacies. A virtual doctor‘s office on the move on your smartphone or at home on your computer. Due to the medical legalization of cannabis in the US and much of Europe, and the concomitant ever growing demand for workable solutions in this area, we are working on a platform to connect patients. A first platform solution will be available in Germany. In recent years, the demand for medical cannabis in Germany has doubled from month to month. It is expected that this growth will gain even greater momentum in the coming years and that the previous growth rates will continue to be exceeded.

Jibbit®Doc sets new standards in the medical sector.

By using Blockchain technology, we will be able to address and severely limit the problem of „prescription counterfeiting“. The recipes issued by the doctors are stored in the Blockchain. The patient goes to the pharmacy and can redeem his prescription cannabis drug with a QR code or with the Jibbit®Doc card. Through the encrypted, unchangeable deposit of recipes in the Blockchain, prescription counterfeits become almost impossible. Follow-up recipes are also not possible without the authentication of a doctor. Thus, the recipes

that the doctors participating in Jibbit®Doc are forgery-proof. Jibbit®Doc has the potential to revolutionize the prescription system in the medical field. In Germany alone, the health insurance companies are incurring

millions of dollars per year through counterfeit recipes. The procedure with falsified recipes has now evolved into a fraud model in which a few doctors and pharmacists also act with „air recipes“. The problem is known to the bruised health insurance companies and many contributors. The Blockchain with its untouchables properties should remedy this. The Jibbit token is used as a means of payment for the handling of the software and the use of Blockchain.

A)The issued prescription deposited is tamper proof with the signature of the Doctor and the patient ID encrypted in the Blockchain.

B)The retrieval of the prescription by the customer is also written in the Blockchain. This ensures that the recipes cannot be redeemed multiple times. Jibbit®Doc will give physicians the opportunity to securely generate their private key signature, perform their verification as a practicing physician, and publish their public key to verify the signature.

C)The health insurance company can check the recipe history if necessary and also see if and where it has been redeemed. For the use of the Jibbit®Doc service A small fee is payable in Jibbit tokens.

The doctor‘s verification is free of charge. Another benefit for the patient is a quicker and safer processing of their prescription order. Pharmacies can rely on the authenticity of the recipes and also check it if necessary.

The effectiveness increases and the time-consuming checks/inquiries to the exhibitor fall away. All personal data, only as a signature (hash value), are stored in the Blockchain. Since verification does not take place in public, the privacy of the patient and physician is protected in the best possible way. In the pharmacy you can then legitimize yourself by app or by Jibbit®Doc card. A first voluntary test phase with some doctors and pharmacists is planned.

Jibbit®Doc also plans a solution for virtual office hours. The patient, participating doctors and pharmacies are provided with a software solution (Web based & app), with which one can be given an online appointment after the legitimacy of the doctor. On the agreed date an online office hour is held, in which you can talk to the doctor about everything. In contrast to a personal meeting, in practice, the sensitive topic of cannabis is much easier to speak at a virtual office hour.Currently, the first test phases for similar systems are already being carried out in Germany according to a Swiss model. There are already concrete plans to participate in a company in this sector in order to jointly promote the expansion of this future-oriented business field and to open up the market.