German Blockchain-Start-Up Develops Supply-Chain-Management System for CBD Products

The in Hamburg-based Start-Up CeBioLabs is developing the world’s first supply chain management system for CBD products and aims to revolutionize the market for CBD and Cannabis. CeBioLabs was launched in early 2022 and is composed of an experienced team of experts in CBD and Cannabis, crypto and blockchain technologies. With CeBiol GmbH, the team has gained a lot of experience in recent years and knows the market, its weaknesses, and problems.

CeBioLabs SCM System as an Innovative Solution for the CBD and Cannabis Market

Currently, the market is characterized by lack of transparency, erroneous and untraceable data within supply chains and trust issues. With the CeBioLabs SCM System, the company will make the entire value chain for CBD and cannabis products transparent and traceable for all market participants. The CeBioLabs SCM System offers all stakeholders involved, from the producer to the transporter to the end consumer, a platform on which all relevant data on detailed production, processing, transport, and distribution steps are documented. This includes information on the cultivation and rearing of plants, harvesting, and drying, further processing and refinement, all transport routes, right through to quality controls and laboratory analyses. In addition, the SCM Tool provides information about the processing companies, such as whether they are certified organic or GMP. Through this detailed documentation, and the possibility for every market participant to retrieve all data easily and permanently, the quality of the end products is ensured. Gaps in information and trust issues will belong to the past.

Integration of Blockchain Technology into the CeBioLabs SCM

The heart of the CeBioLabs SCM system is the blockchain technology. Through it, all data is managed in a traceable and immutable manner. The decentralized structure of the blockchain technology, without a central instance, ensures that the data cannot be changed or falsified.

Possibilities and Extension of CeBioLabs SCM

The CeBioLabs SCM system will be available in several languages for companies around the world. The functionalities will be continuously extended, e.g. it is planned to extend the system from CBD to Cannabis products. The respective legal country-specific situations will play an important role here. Another possibility is the creation of QR codes, which can be specifically assigned to certain processes and exported. By scanning the QR codes, information such as processing times or shipping information can be recorded very easily. Following the CeBioLabs SCM launch, another module will be introduced to implement IoT devices. This will allow the capture of plant growth stages and important data such as temperature and humidity, which will then be made available to the respective stakeholders in the dashboard. For end customers, the SCM tool will also provide a function to check and confirm product-specific details. This includes the origin of raw materials, place and time of processing, processing information, as well as quality controls and certificates of analysis. Due to the rapid growth of the market, the CeBioLabs SCM system is expected to be in high demand and thus have many users.

Relevance to the Crypto Market Through the CBSL Token

The company will issue its own token called CBSL and actively use it in the corporate ecosystem. Areas of use include fee structures that companies can pay exclusively in CBSL tokens. Many other benefits and use cases will make the token an attractive cryptoasset. The legal foundation was created by the review of the German Federal Financial Supervisory Authority (BaFin). This has classified the token as a utility token, which is why no regulation by the authority is required. The initial token sale will be carried out in 2022 as part of an ICO. All further information can be found at www.CeBioLabs.io.