PARSL to Join the WORBLI Network
Bringing supply chain management to the global cannabis industry
The WORBLI team is excited to announce that PARSL will be coming to the network to bring supply chain management and legitimacy to the global cannabis industry.
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The legal cannabis industry is exploding as doctors and psychologists recognize the inherent treatment benefits of Cannabis, CBD, and Cannabis-related products. As with each industry that matures, the legal cannabis industry is not without its problems.
Growers often have issues with bank accounts, forcing them to hoard cash which can cause security risks. No reliable product data analysis or feedback loop mechanism exists and tracking the product from production to the end-user can be a logistical nightmare.
PARSL aims to solve the pain points by using smart packaging technology with lab reports and reliable customer feedback mechanisms. Leaving an auditable supply chain trail on the WORBLI network also ensures customer and vendor protection, solves legitimacy issues, and ensures the product is fresh and has been analyzed and grown in a lab by vetted vendors.
PARSL has joined WORBLI to make use of its robust and secure compliant infrastructure pursuant with AML/KYC laws and FATF/FinCEN regulation. With the speed of EOSIO, PARSL users and vendors can ensure instant settlement of each transaction in an easy to follow customer journey without any of the blockchain friction for onboarding new users.
WORBLI CEO Domenic Thomas is excited about the prospect of bringing PARSL’s innovative supply chain and payment system to WORBLI. He added, “PARSL is another great project fit for the WORBLI network. The kind of strict compliance required to service a regulated industry like medical cannabis can only work on a fully compliant blockchain network like WORBLI.”
PARSL will also advocate for medical cannabis rights and freedoms via the ITHACA Foundation, a non-profit decentralized autonomous community embedded within the ecosystem itself.
Dr. Isaac Balbin, founder and CEO of PARSL had this to say about the migration to WORBLI: “Compliance is one of the foundations that we’ve built our technology platform with. In fact, some people have said our most valuable feature is the integrated financial and product compliance that our platform is uniquely able to offer. WORBLI’s focus on compliance makes them a natural partner for us, and what they’re doing is directly inline with the solutions we were already looking for, for example it alleviates some of the concerns we had with running our platform exclusively on the EOS Main Net. We plan that this partnership will ramp up the pace of our deployment, improve the economics around our ecosystem, and ensure that we are able to bring a more complete package to our clients”
WORBLI shares the common goal with PARSL of bringing an emerging industry into the future through compliance, access, and working with regulators for a safer and more stable future.
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The WORBLI business development team loves working with great projects. If you think WORBLI’s state of the art financial services blockchain could help your business or application, send an email to mitch@worbli.io
To learn more about WORBLI or create an account? visit www.worbli.io
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