Conventment (CNVT)

Cannabis Logistics Powered By Ethereum

Review Score
3.05/5
ICO Price
0.174355 USD
0.001 ETH
Pre ICO Price
N/A
Soft Cap
9,200 ETH
Hard Cap
47,000 ETH
Pre ICO Start Date
30 August 2018
Pre ICO End Date
22 September 2018
Start Date
30 September 2018
End Date
14 October 2018

What is Conventment?

 

While the legal cannabis industry is currently thriving, many of the processes  behind making cannabis readily available for consumers can be extremely time-consuming. Aside from the unavoidable long length of time that it takes to grow cannabis, the time it takes for a batch to be approved for consumption can also vary. Communication between businesses is extremely slow which is a large reason for such delays.

Right now, most businesses in the cannabis industry go through completely separate channels in order to obtain or sell cannabis. Aside from shipment tracking and updates, businesses don’t have any kind of B2B platform that’s truly connected. By connecting grow centers, product manufacturers and shops through a universal platform that eliminates multiple time-wasting processes, businesses and organizations in the cannabis industry will be able to thrive without barriers.

This is where Conventment comes into play. By allowing businesses to connect with one another through a B2B platform that allows for instant approval on a large number of batches at once, the growth-to-market process can be partially or fully streamlined. Through the DLA, onventment plans on enabling real-time communication between businesses which will essentially lead to faster shipments and an increased amount of productivity. Statistics connected by sensors are recorded live and are able to be viewed at any given time.

Increasing the speed it takes to get a product to the market is essential when it comes to competition and consumer satisfaction. The Conventment team strongly believes that businesses in the cannabis industry utilizing innovative solutions such as Conventment for managing logistics will ultimately be seen as industry leaders. With speed and efficiency in mind, Conventment aims to connect an unprecedented number of businesses in the legal cannabis industry together through the DLA Center.

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