JIBBIT

Juli 09, 2018

JIBBIT

The cannabis industry is currently one of the fastest growing industries in the world, especially in the USA, Canada and Europe, and above-average growth rates are expected to continue for the coming years. The wave of global legalization is increasing the demand for accessories and solutions needed for everyday use in this area. At the same time, the numbers of counterfeit prescriptions are also increasing, which is a major problem for many pharmacies, doctors and health insurance companies.

For this reason, we are planning, and working on, providing a network for the cannabis industry. A network that enables every customer to have their needs met in the field of cannabis. No matter whether it be accessories for consumption and cultivation, or the delivery of legal THC containing products to the front door, or for patients who get their medical prescription cannabis from their doctors and pharmacies . One of the special innovations in the medical system will be our blockchain based solution for forgery-proof medicinal prescriptions.

The blockchain provides the technological tools for us to create a Jibbit ecosystem. In this network, consumers, producers and suppliers can find each other. Every single transaction is stored in an encrypted form in the blockchain and is accessible to everyone as and when they are needed. Any modification or falsification of the stored data, in the blockchain, is almost impossible.

Manufacturers and producers need a way to quickly and reliably bring their goods and services to the consumer. The Jibbit token is used as a means of payment in the Jibbit network. Jibbit is a strong token for a growing community, which can rely on a team of professionals from the cannabis, crypto-blockchain, marketing and investment industries. The team has experience in the field of marketing, as well as years of experience in stock markets worldwide, making the Jibbit team absolute experts in the industry.

Members of the Jibbit team have already proven in the past how to build a company, starting from scratch, and this company continues to be successful today. Our goal is for Jibbit to become the big player in the huge growth in the cannabis market. The Jibbit team can rely on a worldwide network of partners who will actively participate in the implementation of our vision.

"Jibbit created an ecosystem to connect the worldwide cannabis community (200m +) with Crypto World. The world that really gives the cannabis market, is entirely independent of the financial system and its effects. By using blockchain technology, he clearly expressed the benefits of the revolutionary movement of the Crypto community and how we can make the world a better place. Be there today to help Crypto's world accessible to the masses. Give back Power to People."

The problems

Need for payment options with crypto-currencies for cannabis and accessories.
Supply bottlenecks due to significantly increased demand for cannabis accessories worldwide.
Strong increase in number of counterfeit prescriptions.
Increased need for privacy in doctors and pharmacies.
High transaction costs of banks and other payment service providers.
Transfer time is too long and thus delivery times are extended.
No anonymity towards banks.
Fake reviews in online shops.
Need for uncomplicated, faster and safer procurement of legal cannabis.
Fear of harmful substances from uncontrolled cannabis cultivation by unauthorized dealers.

The growth potential of the cannabis segment is enormous, and in America alone has multiplied into a multi-billion market (> $20 billion) in recent years. In Canada, cannabis is to be legalized in 2018, and Europe is already facing a turnaround in the attitudes to cannabis.

Nowadays there are different marketplaces for electronics, books, furnishing items and so much more. But there is no solution for the cannabis market, which combines many shops and dealers on one platform and offers the possibility to pay with crypto-currencies. Sensitive transaction data arising from the purchase of cannabis products is a problem for many users. Due to the enormous increase in demand for cannabis and accessories, there are increasing supply bottlenecks in individual web shops, with the result that you have to look for alternative sources of supply.

Companies have a particular problem as cannabis still has a very bad image in public. Many companies and customers have considerable fear of making contacts in this field, and want to remain as anonymous as possible. Payment service providers and banks often refuse to offer their services if the business model is related to the cannabis industry.

Transfers and payments often take several days and delay the delivery time. The merchants usually wait for the incoming payment and only then is the order sent. Similarly, bank transactions often generate high fees for buyers and sellers. There are hardly any free bank accounts in this day and age. In most cases, the bank‘s basic fees and transaction costs are included in the product price and thus increase the purchase price unnecessarily. Meanwhile, buyers also have to refund the fees for other payment services such as PayPal or instant transfer to the seller. These fees are much higher, especially for foreign transactions.

In addition, reviews on online portals are often faked, and it is often difficult to see whether these are real reviews from real buyers, and therefore you don’t know if your own purchase decision is based on reviews from people that have actually purchased the product or not.

Private individuals particularly struggle with the negative consequences of the social un-acceptance of cannabis. Going to the doctor or the pharmacy, to obtain medical cannabis, puts many patients in fear of being seen by acquaintances or work colleagues. There are also major problems with the procurement of accessories for the consumption of cannabis or the medicinally used cannabis flower. Partly this is do with preserving anonymity and the other part is the payment process, which clearly shows where and what has been purchased. Our company strives for decentralization and anonymity, especially when paying. There is a great requirement for a cryptocurrency for the cannabis industry.

Medical cannabis can be obtained legally from a pharmacy on prescription, but this is what prescription forgers take advantage of. Through fake prescriptions, the health insurance companies are incurring millions of dollars of false claims annually. Counterfeit prescriptions have evolved into a type of fraud, in which even some doctors and pharmacists are involved. Growth in the field of medical cannabis in Europe has increased in a short period of time, which is why there is a need for a professional and transparent solution.

The procurement itself is also very problematic. Anyone who wants to consume cannabis and does not receive a prescription from his doctor will inevitably go to an unauthorized dealer. This black market trade is illegal and dangerous. There is a major danger of coming into contact with dangerous substances and it is also punishable under many countries’ laws. Acquiring cannabis from such unauthorized traders often means receiving cannabis, which has comes from uncontrolled cultivation and unknown sources. The fear of harmful ingredients, such as pesticides, filler products and other additives is omnipresent. The greed of these backstreet sellers, leads to them putting profits before the health and life of consumers.

Jibbit is the solution

Our ecosystem allows and promotes payment with crypto-currencies.
The Jibbit Marketplace platform increases customer choice and availability worldwide.
Prescriptions secured by blockchain are forgery proof.
Digital doctors consultation hours and delivery of pharmacies give patients the necessary anonymity.
Significantly reduced transaction costs thanks to The blockchain technology.
Significantly faster and safer transactions.
No transfers with unpleasant uses such as cannabis, bong etc. more necessary.
The transparency of the blockchain, means only confirmed purchases have a financial value.
Jibbit®Runner allows the ordering and delivery of legal recreational cannabis, just like ordering a pizza.
Our portal allows only authorized dealers with controlled cannabis cultivation.

Simple, one-dimensional promises are made at each step, and this is what consumers expect in a multi-billion marketplace. That is exactly why we are creating this system, Jibbit is not just a token, it is an eco-system that does not yet exist in the market, in this form.

For many people, cannabis is more than just a stimulant or a narcotic, it’s a drug at the same time. Trust and reliability are the basic things required when we talk about dealing with patients. This trust should be guaranteed by a system that keeps the data encrypted in the blockchain and is not modifiable. At the same time, it should be possible to inspect and verify the encrypted transactions as needed, so that no suspicion or doubt arises.

We have developed a revolutionary concept for doctors, pharmacies and patients. Prescriptions are stored in the blockchain, this makes them almost forgery-proof. Pharmacists and doctors are able to see the medications stored there and can prevent interactions with other medications. This is a major innovation in the medical system, and the extension of our application to other medical areas is also planned.

The introduction of an online medical consultation time is also planned via an app, tablet or PC. This allows patients to more openly describe their symptoms and to more easily express their desire for a cannabis-based drug to the doctor. The delivery of the medicine is done through the pharmacy delivery service directly to your home and thus the fears of being recognized as a cannabis consumer, when picking up at the pharmacy, are a thing of the past. The patient’s inhibition threshold, towards the use of medical cannabis, can be significantly reduced.

The solution is a blockchain-based ecosystem and a new cryptocurrency that gives the cannabis industry the freedom and diversity it needs to grow. The aim is to create a unique, revolutionary network that meets the ever increasing demands of the rapidly growing cannabis market. Each user of the Jibbit network is provided with the advantages of blockchain technology. No bank, credit institution or other central system can prevent or complicate transactions. Jibbit should set a revolutionary and innovative standard.

Our ecosystem enables e-commerce to easily and discreetly pay for cannabis accessories with the Jibbit tokens. Not only will there be a reduction in the transaction costs, incurred by standard fiat payments, but above all, there will be accelerated payment processing, which leads to a shortened delivery period for the order. Thanks to the blockchain, you can almost exclude fraudulent payment attempts. If a payment has been made with cryptocurrency, it can be safely and transparently checked for authenticity at any time. Another feature of the Jibbit marketplace are the “trusted” ratings. Only actual buyers, with confirmed transactions in the blockchain, can make a review. Counterfeit reviews can thus be significantly reduced. Our central marketplace is the first contact point for cannabis accessories on the market, through the combination of numerous online shops. As a result, the supply bottlenecks of individual shops, that marketplace users currently suffer, are no longer a problem and the marketplace will be able to serve the constantly increasing demand.

In states where cannabis has also been legalized for leisure use, we want to satisfy the desire for an uncomplicated, faster and safer procurement process for cannabis and to create a central delivery service platform. Consumers can have cannabis delivered to their home as easily as a pizza, along with the whole range of regulated and approved controlled cultivation dispensers. This not only solves the problem of contaminated and harmful substances in cannabis, but also fights against the illegal street trade, which opens the door to harder illegal substances for many leisure users. The payments can also be made straightforwardly and anonymously using cryptocurrency.

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 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. At the planned test phase, the portfolio on offer is expected to start with a convincing product range.

Why do we need the blockchain?

Blockchain technology makes payments with cryptocurrency and provides the platform for intelligent contract implementation (smart contracts). Payment of the purchase price with cryptocurrency in the Jibbit network takes place directly and without banks. The intelligent implementation of the contract and the use of the blockchain makes the transactions as safe and fast as possible. The transparent transaction history allows the buyer and seller to see in real time as soon as the payment arrives at the wallet. This increases the confidence in the service and makes online shopping safer and more attractive.

In order to set up Jibbit to be as future-proof as possible, and to be prepared for possible scaling problems of theEthereum blockchain solution, approaches will be made to link the Jibbit network to other blockchains if the scalability leads to limitations or if more modern solutions prevail.

Real reviews

Today, reviews are being forged more and more frequently in online stores. Many companies specialize in making counterfeit reviews in order to influence potential buyers in their purchasing decisions. This approach is significantly more difficult in the Jibbit ecosystem. Only a customer who has demonstrably made a purchase, and has been confirmed by the blockchain, may make a review for his purchase.

Statistics and progress

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Jibbit Runner

The ‘UBER’ for cryptocurrency Marijuana Delivery

We all know that no matter if it’s a pizza, burger or pasta, online or via an app, food can be, 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 by a cannabis messenger?

The delivery service for THC-containing cannabis products near you, it’s as easy as ordering a pizza. In the future Jibbit Runner is intended to make cannabis products as easy to order as possible.

Of course, this is only applicable in countries where the use and sale of cannabis is permitted and is in compliance with the respective laws. Payment can be made in the online shop or via the app with the mobile phone at the front door, and in 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 reduction on the purchase price of his order.

The delivery services can register at Jibbit Runner, free of charge, and create a detailed company profile. Through intuitively designed backend software, the retailers can create their 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. These savings made by the seller are deducted directly from the invoice amount to the customer. Another feature are special offers, which Jibbit publishes 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 cannabis delivery business. The accumulated experience of the smaller existing delivery services is a valuable source of information for the realization 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 leisure use of cannabis will also reach Europe shortly. The goal of Jibbit Runner is to be prepared for this time, and to become the first cannabis delivery service in Europe. In addition we will allow payments to be made 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, available 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 resultant, ever growing, demand for workable solutions in this area, we are working on a platform to connect patients. The 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 prescriptions issued by 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 depositing of prescriptions in the blockchain, counterfeiting of prescriptions becomes almost impossible. Follow-up prescriptions are also not possible without the authentication of a doctor. Thus, the prescriptions from doctors participating in Jibbit Doc are forgery-proof. Jibbit Doc has the potential to revolutionize the medical prescription system. In Germany alone, the health insurance companies are incurring millions of dollars per year through counterfeit prescriptions. The procedure with falsified prescriptions has now evolved into a fraud model in which a few doctors and pharmacists also participate using fictitious prescriptions. The problem is well known to the battered health insurance companies and many other contributors. The blockchain with its untouchable properties should remedy this. The Jibbit token is used as a means of payment for the handling of the software and the use of the blockchain.

Smart contracts are provided for this purpose

The issued prescription is deposited with the tamper proof signature of the Doctor and the patient ID encrypted in the blockchain.
The retrieval of the prescription by the customer is also written in the blockchain. This ensures that the prescriptions 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.
The health insurance company can check the prescription 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 quicker and safer processing of their prescription orders. Pharmacies can rely on the authenticity of the prescriptions and also check it if necessary. The effectiveness increases, and the time-consuming checks and inquiries disappear. All personal data, only as a signature (hash value), is stored in the blockchain. Since verification does not take place in public, the privacy of the patient and the physician is protected in the most effective 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 with a legitimate doctor. At the agreed time, an ‘online office time’ is held, in which you can talk to the doctor about everything. In practice, in contrast to a personal meeting, the sensitive topic of cannabis is much easier to speak about during a virtual meeting.

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 with a company in this sector, in order to jointly promote the expansion of this future-oriented business field, and to open up the market.