Jibbit - Bridging the Gaps Using Blockchain Technology

hylonhex (7)in #cryptocurrency • 6 years ago (edited)

The legalization of medical cannabis in Germany and other countries raises a far-reaching problem: Counterfeit prescriptions are accumulating more and more and inflicting millions in damages to insurance companies and insured persons. JIBBIT GmbH, a German start-up company from Monheim near Düsseldorf, has developed a revolutionary concept to solve exactly this problem. The keyword for this is Blockchain. The Blockchain is a decentralized database that can be considered almost forgery-proof. Exhibited recipes are stored in the block chain, so that subsequent manipulation can be ruled out.

For many people, cannabis has become more than just a luxury or intoxicant. It is also a drug and is gaining in importance worldwide for medical purposes. JIBBIT has developed a revolutionary concept for doctors, pharmacies and patients. Pharmacists and doctors can see through the Blockchain the medications stored there and can prevent interactions with other medications. This innovation in the medical field and the extension of this application example to other medical areas are also planned. There are also plans to introduce an online medical consultation via app, tablet or PC. This allows patients to describe the symptoms more openly and to express their desire for a cannabis-based drug more easily to the doctor.

JIBBIT develops the platform Jibbit(R)Doc especially for the treatment of diseases with cannabis. To facilitate payments and to ensure discretion in transactions, JIBBIT GmbH will launch a new crypto currency, the "Jibbit Token". JIBBIT will not only target the medical cannabis market - there will also be an app for non-THC cannabis products and accessories. Jibbit(R)Marcetplace is a platform for shop operators and consumers. In addition, a delivery service for cannabis is planned that is similar to a delivery service in the USA or Canada.

About Jibbit

Jibbit is a network based upon three pillars: Jibbit Marketplace, Jibbit Runner and Jibbit©Doc. Our primary vision is to connect the cannabis community with the crypto-community. Hereby the advantages of the blockchain shall help in making the cannabismarket absolutely independent and safe at the same time.

Jibbit Marketplace is the main platform for vendors and entrepreneurs worldwide where only products without THC such as accessories will be offered to the end customer (Shop-in-Shop System, comparable to AMAZON). Buyers who pay with our own Cryptocurrency (Jibbit-Token) will benefit from special conditions or offers. E.g. 5 % discount. Furthermore the platform shall feature a simple search for products. In order to prevent “fake ratings” or reviews respectively only real buyers may give their ratings. This will be ensured by the use of our Blockchain. Consequently these ratings will lead to a trustworthy search key of our customers.

Additionally the Jibbit Token will make payments transparent an anonym at the same time. No more embarrassing payment references anymore. The Blockchain will make Transactions much safer, low priced and faster as conventional payment methods.

Jibbit Runner is a delivery service for THC-containing Cannabis in Countries where Cannabis may be already purchased legally such as some regions in the USA or recently in Canada. Similar as to order an ordinary pizza with an APP you may order Cannabis with our Jibbit-Runner-App which will then be delivered in shortest time.

Jibbit Doc offers a solution for patients, doctors, pharmacists and health insurances in the field of Cannabis in Germany. From Online consultations with your doctor to the possibility to encrypt prescriptions tamper-proof with the aid of Blockchain-Technology. Thus Jibbit Doc will raise the bar in medical services/care.

Jibbit Advantages

The Jibbit platform will have the following benefits to its users:

Support Lives, The platform will support those who want to shape their own lives and also those who are unable to access cannabis products.
Promote Health, The regulated cannabis market will protect minors and allow for the controlled production of cannabis, which will lead to a healthy life.
Building Connections, The platform will connect buyers and sellers and connect the crypto to the cannabis community.
Grow The Cannabis Economy, The platform will support the growing cannabis economy by bringing the cannabis community together.

Challenges In Cannabis Industry

Need for payment options with cryptocurrencies for cannabis and accessories
Strong growth in the number of cases of prescription counterfeits
High transaction costs of banks and other payment service providers
Too long transfer time affecting the delivery
Non-offering of anonymous transactions with banks
Need for simple, faster and safer procurement of legal cannabis

Jibbit Solutions

Jibbit ecosystem promotes and allows payment with cryptocurrencies
Prescriptions are secure and tamper proof by deploying solutions based on blockchain technology
Significantly low transaction costs due to blockchain technology
Significantly faster and safer transactions
Transparent transaction execution with fully verifiable ledger
Jibbit Runner allows ordering and delivery of legal recreational cannabis in a simpler and faster way

JIBBiT Project 'SWOT Analysis

POWER

A strong and experienced development team
Leading the market early
A good and sufficient capital base
Strong knowledge about marijuana market
Large contact networks in cannabis and crypto sectors

WEAKNESS

But to build a customer base

CHANCE

Global legalization of medical-related marijuana products
Global legality of cannabis products for personal consumption
Further growth in cellular and internet shopping receipts
Grow acceptance of blockchain and cryptocurrency technology

THREAT

Competitive market with increasingly fierce competition
Regulations that may affect the crypto industry (cryptocurrency)

Overall, the SWOT Analysis for the JIBBiT project illustrates that the JIBBiT business model has more power and provides more opportunities than weaknesses and threats.

Products Demo/Prototype

JibbitMarketplace Demo 1.14
https://www.jibbit.io/demo
more informations on Github https://github.com/jibbitgmbh

JibbitRunner Demo 1.2
https://www.jibbit.io/demo
more informations on Github https://github.com/jibbitgmbh

JibbitDoc final release 08/15/2018
more informations on Github https://github.com/jibbitgmbh

Jibbit Utility Token (JIB)

JIB is an ERC20 compliance utility token which will be used for payments and transactions in the platform. Below is the list of what the token will be used for throughout the Jibbit ecosystem.

Payment By allowing the Jibbit token in the Jibbit®Marketplace and Jibbit®Runner to provide an indirect discount to the customer, it makes the token a preferred means of payment for the platform without losing its properties as a utility token. By using Jibbit®Doc, where only the Jibbit token is allowed as a means of payment, it makes it unique and irreplaceable. In the longer term, it will be possible to only accept the Jibbit token (JIB) as the sole means of payment in the Jibbit ecosystem.

Voucher If you pay in the Jibbit ecosystem with Jibbit tokens (JIB) instead of BTC, LTC, ETH, Monero or other currencies, you will have the possibility to win a voucher of €25, for any order amount of over €10. There will be €250,000 of the token sale receipts reserved for the coupons. Therefore, there will be 10,000 vouchers. Each month, 500 vouchers are raffled. This marketing measure serves to attract customers and is also intended to significantly increase the demand for the Jibbit tokens.

Partners Payment Solutions All partners of the Jibbit ecosystem have the possibility of integrating their current payment options, as well as the Jibbit tokens, in their own shop and online offers. This will make the Jibbit token the preferred means of payment in the cannabis industry.

Token Details

Name: Jibbit Token
Token symbol: JIB
Token type: Utility Token
Platform: Ethereum
Total issue: 700,000,000
Tokens for sale: 420.000.000
Price per Jibbit Token: $ 0.05 USD
Softcap: $ 1.000.000 USD
Hardcap: $ 18.000.000 USD
Private Sale 01.June 2018-30 July 2018 Private announcement
Pre Sale 01.July 2018 - 31.July 2018
Main Sale August 01, 2018 - August 31, 2018