December 4, 2022

Tech Ophyll

Tech Information

German Crypto Startup Wants to Revolutionize the Cannabis Industry with Regulatory-Approved Token “CBSL”

Blockchain Technology Explained and What It Could Mean for the Caribbean -  Caribbean Development TrendsCeBioLabs is a German, long-term, large-scale, and strategic project designed to revolutionize the market with its value chains for CBD and Cannabis. Behind CeBioLabs are three German companies that provide personnel and financial support to the project. These are CeBiol Blockchain Solutions GmbH, which is also the legal entity behind the CeBioLabs project, CeBiol GmbH, which has already been successfully distributing cannabis products on the European market for several years, and getViews Consulting UG, which is composed of a team of experts in crypto and blockchain technology. The experience and know-how from the cannabis market as well as from crypto and blockchain technology offer unique opportunities to the CeBioLabs project.

Blockchain-based Solutions for Cannabis and CBD Businesses

In doing so, CeBioLabs will develop various Blockchain-based systems and solutions for the cannabis market that will be usable worldwide. The core of the company will be the world’s first blockchain-based supply chain management system called “CeBioLabs SCM”. This will make the entire value chain for cannabis products transparent and traceable for all market participants.  This will provide all market participants with a platform on which all relevant information on production, processing, and distribution steps, as well as quality controls and laboratory analyses, will be documented in detail and permanently accessible.

In addition to the CeBioLabs SCM system, there will also be an international trading center for cannabis products and a blockchain-based portal for certificates of analysis. In terms of research and development, CeBioLabs will also launch some novel projects.

Means of payment for CeBioLabs – The CBSL Token

An important role in the CeBioLabs enterprise ecosystem projects will be played by the CBSL Token. The CBSL Token is a transferable and freely tradable utility token that can be traded on various centralized and decentralized trading exchanges in the crypto market. The use of the CBSL Token is limited exclusively to the use within the projects planned by the Issuer. For the use of the CeBioLabs products and services, companies will pay user fees in the form of CBSL Tokens. These will be dependent on company size and user. Planned projects include the CeBioLabs SCM system, the CBSL Marketplace, and the blockchain-based portal for certificates of analysis. For the e-commerce projects, the issuer will offer numerous benefits to CBSL token holders. These range from exclusive discounts and free product samples to promotions reserved only for CBSL token acquirers. The more companies that will use CeBioLabs solutions, the greater the demand for CBSL tokens will be.

CBSL is Proved by the German Federal Financial Authority

The entire CeBioLabs project, including the CBSL token was previously subjected to an extensive review that lasted several months. The German renowned law firm for financial and capital law “von FERBER ‘ LANGER” has been accompanying and advising the CeBioLabs project from the very beginning. The law firm prepared a legal assessment of the entire project and submitted it to the German Federal Financial Authority. The latter later confirmed the legal assessment regarding the regulatory classification of the CBSL token. This laid the foundation for the CBSL token and the CeBioLabs project.