mCig Joins The Cannabis Blockchain Club

mCig, Inc. (MCIG), a distributor of products, customized packaging solutions, technologies, and services for the global medical cannabis industry, today announced the website launch of its blockchain focused company, OBITX Inc.

Focusing on identifying and investing in projects that combine blockchain technology with real-world applications, OBITX offers ICO advisory services, blockchain consulting services, and blockchain-related software development. As part of the company’s early investments, OBITX has begun to embark on cryptocurrency mining projects by securing a location and purchasing hardware to complete the task.

“Reminded daily how blockchain is the new platform leading to the next wave of innovation. The technology has proven to be reliable, decentralized, and transparent. It’s a disruptive technology having the ability to digitize, secure and incentivize the validation of transactions. Using our best acumen, we are able to identify, invest and incubate technology market leaders from the OBITX ecosystem,” said OBITX CEO, Alex Mardikian, in a statement.

OBITX to Launch KRYP ATMs and Marketing Tools

Over the next several days, the KRYP Network, a technology company that facilitates crytpocurrency exchanges and a partner of OBITX , will be launching their Initial Coin Offering (ICO). Hoping to capitalize on this growing billion dollar industry, OBITX has made plans to deploy KRYP ATMs, which allows individuals to buy and sell cryptocurrencies as well as make cash withdrawals, within the KRYP Network.

The consultancy arm of OBITX, ICOMethod LLC, has also begun working with several companies in preparation for launching their ICO. In addition, OBITX has developed several marketing tools to help assist companies hoping to enter the cryptocurrency and blockchain market. Those tools are as follows:

  • eHESIVE: a self-serve affiliate ad platform with costing per acquisition for cryptocurrencies and other business networks pairing publishers to advertisers with the proprietary traffic control system, sticky pools increasing site monetization.
  • Marketero: An HTML/ campaign based email newsletter service designed to engage and nurture new and current customers within the blockchain and other networks.
  • Latest PR: A press release manager for cryptocurrency sectors and digital investment., and funding rounds.
  • Blog Certified: A multichannel blog repository serving marketers, brands, and content publishers.

Blockchain Is The New Cannabis

mCig is just the latest cannabis company to jump into the blockchain technology. MassRoots (MSRT) has also branched out into blockchain  as the company eases away from being a pure social media company. The company believes that blockchain will be useful in improving seed-to-sale traceability and will explore that with its new point-of-sale system called MassRoots Retail.

Canadian-based LGC Capital announced this week that it was also creating a platform to utilize “the blockchain technologies to create a reliable and verifiable purchase and payment system and use the Internet of Things technologies to track cannabis product shipments so as to provide assurance to consumers regarding the sourcing and quality of products.”

William Sumner

William Sumner is a freelance writer specializing in the legal cannabis industry. You can follow William on Twitter @W_Sumner or on Medium.

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