The German startup CeBioLabs, founded in Hamburg, aims to revolutionize the CBD and cannabis market with its complex supply chains. For this purpose, it has developed several unique blockchain-based solutions for the cannabis industry. Furthermore, the German company has launched its own crypto token called CBSL. This has important functions within the company's ecosystem and has been listed on several crypto trading exchanges since September.
The founders
The founders of CeBioLabs know the cannabis market very well and have already been running one of the leading European wholesalers of CBD products, CeBiol GmbH, since 2018. The founders and their team have also been active in the field of crypto and blockchain technology for several years. With the worldwide cannabis and crypto boom of the last years, the idea to link blockchain technology and a crypto token with the CBD and cannabis market was born. With the CBSL token as a utility token, its blockchain-based systems and active businesses in the CBD and cannabis market, CeBioLabs is the world's first project of its kind.
Cannabis and CBD
While CBD products are legal and freely available in almost all countries, cannabis is only legal in certain countries. More and more countries are legalizing cannabis for use in medicine, where it is used to treat various diseases. For recreational use, cannabis has only been legalized in a few countries, but more and more will follow. A huge market will also emerge in Europe, the German government is already planning to legalize cannabis for recreational use and has announced it. Germany would then be the first country in Europe, besides the Netherlands, to legalize cannabis for recreational use. The potential for the German market is huge. The founders of CeBioLabs are sure that the timing for their project could not have been better.
International Supply Chains
A key issue for the future will be supply chains. The first supply chain laws have already been passed, and these are intended to commit companies to fair and sustainable business practices. This includes respecting human rights and carefully managing social and environmental impacts along the entire supply chains. As supply chains are often very long and complex, with many actors involved, this will be a major challenge for many companies. In addition, CBD and cannabis products are subject to particularly strict legal regulations, and transparent and traceable supply chains will play a particularly important role here. This is exactly why CeBioLabs is developing its blockchain-based supply chain management system.
CeBioLabs Supply Chain Management System
The CeBioLabs SCM System is a complete solution for the entire cannabis industry. It is a comprehensive platform where all related data of a product along the supply chain is permanently accessible. This includes production, processing and distribution steps, as well as quality controls and certifications. All the players involved in the entire process along a value chain are also precisely recorded by the CeBioLabs SCM system. Only seamless and traceable supply chains can guarantee the required quality and compliance with legal regulations, which are particularly extensive for CBD and cannabis products. At the heart of the CeBioLabs SCM system is blockchain technology. Through it, once stored, data is unchangeable and therefore safe from manipulation. In addition, blockchain technology enables accurate traceability of all stored data through its transparent representation. Blockchain technology makes CeBioLabs' supply chain management system 100% secure.
The Blockchain-based Analysis Portal “Lab-Authenticity.org”
Besides the supply chains, the second important key issue is the analysis certificates of the cannabis products. These are crucial in determining whether a product is marketable and therefore legal. Cannabis products are subject to strict legal regulations, especially regarding the THC content of the products. Therefore, accurate laboratory analyses from certified laboratories are an important prerequisite for the trade of a product. With its blockchain-based analysis portal, CeBioLabs has developed a software in which all laboratories and analysis certificates of cannabis products are documented. The certificates of analysis are uploaded directly from the lab to the portal, ensuring the authenticity of the certificates of analysis. Here, too, the blockchain technology means that once data has been stored, it can no longer be changed and is safe from manipulation. All data stored in the portal can be viewed permanently and transparently by every user.
The blockchain technology with its advantages of immutability and transparency of data will set new standards regarding the security of data all over the world.
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