With a formidable mixture of superior products and visionary leadership, GCAC is one of the blockchain’s truly sustainable ventures.
Cryptocurrencies and their underlying blockchain technology has been making headlines recently, and not necessarily for positive reasons. The darling of the investment community in 2017, the digital markets have done an about-face this year. Such extreme volatility proves that investors must rely on blockchain operators, not followers. Leveraging product innovation and extraordinary vision, Global Cannabis Applications Corp. offers unparalleled exposure to this burgeoning technology.
In making any expenditure in the blockchain sector, you have to be certain that you are buying the opportunity rather than the emotion. The distinction is incredibly important. Firms like Global Cannabis Applications Corp. (CSE: APP) (OTCQB: FUAPF) integrate the decentralized distributed ledger concept as a key component of their underlying business; the blockchain is not the business itself. This seemingly innocuous difference truly magnifies during days like what we have been recently experiencing.
As many of you have undoubtedly heard, bitcoin investors have suffered a rough few months. Almost as quickly as the pivotal cryptocurrency jumped to five-digit prices, it gave all of it back, and then some. At the time of writing, Bitcoin is down at $8,700, having shed approximately $179 billion in market capitalization from its all-time highs.
What gives? South Korea threatened to crack down on cryptocurrencies earlier this year, while China is fiercely enforcing their crypto-exchange ban imposed in 2017. In more recent news, India’s Finance Ministry announced plans to eliminate digital token usage in funding criminal activities, as well as ceasing their use as legal tender.
Adding insult to injury, the marketing of cryptocurrencies to promote ponzi schemes, such as the ever-controversial BitConnect, caught the attention of major institutions and power brokers. On the same day that India announced its draconian crypto policy, Facebook banned all advertisements related to the blockchain.
Right now, the digital sector has turned incredibly ugly. Fortunately, Global Cannabis Applications has positioned themselves so that much of the noise simply doesn’t matter.
Global Cannabis Applications has Their Eyes on the Prize
As previously mentioned, Global Cannabis Applications utilizes the blockchain technology to actualize a concept that was once impossible: deliver a comprehensive and immutable supply chain solution for government agencies implementing marijuana legalization. This distributed ledger innovation is the means, not the end.
The point is further illustrated when considering another core element of GCAC’s business. Through the blockchain’s incredible power and efficiency, it’s now possible to deploy predictive analysis on millions of data points. This process not only saves significant time compared to current methodologies, it also facilitates delivery of cannabis strains that address specific issues or symptoms.
GCAC actively promotes the “pain to strain” model as an immediate and effective solution for medical cannabis jurisdictions. In other words, the company harnesses the power of innovation instead of being controlled by it.
Nevertheless, Global Cannabis Applications’ management team understands the human psychology factor at play in the markets. While cryptocurrencies directly benefitted from speculative trading volume, the company’s FUAPF stock similarly soared. The current corrective phase is a consequence of that emotional speculation now fading out, and is not a true reflection of GCAC’s fundamentals.
To help mitigate the impact of wild trading, Global Cannabis Applications CEO Bradley Moore made the decision to partner with Blockchain Centre Vilnius in order to launch GCAC’s initial coin offering, known as Citizen Green. This achievement is a groundbreaking milestone for GCAC, which now has the opportunity to reach millions of investors throughout the world thanks to BC Vilnius’ internationally-linked technology network.
The ICO platform in and of itself is an industry disruptor. The traditional equivalent, the initial public offering (IPO), typically requires onerous bureaucratic procedures. Each nation has their own rules regarding IPOs and securities distributions; thus, smaller companies — no matter how revolutionary they may be — are often and unfairly left out in the cold. Public investors also never get a chance to hear about revolutionary, grassroots opportunities.
With the ICO, the entire game is flipped onto its head. As cryptocurrencies are decentralized by nature, they are not encumbered by the same limitations restricting traditional investment vehicles. The result is that GCAC is able to share their paradigm-shifting opportunity with greater reach and at a lower cost.
Powered by the Blockchain, Backed by the People
Another important reason why Chief Executive Moore inked the deal with BC Vilnius is the “Lithuania factor.” According to the Bloomberg Innovation Index 2017, Lithuania is one of the most forward-thinking and innovative economies on the planet. That’s high praise considering the European market’s extremely competitive environment.
But the accolades don’t stop there. The renowned World Bank lists Lithuania as one of the top 20 best places for conducting business. Moreover, Forbes magazine ranked this Baltic nation 15th place in its annual “Best Countries for Business List.”
And no wonder! According to BC Vilnius’ website, “Opening a business in Lithuania takes just three days and gives you access to the EU’s market of more than 500 million consumers.” In the U.S., the time to setup a business can be significantly longer, depending on various factors such as industry category and entity type.
While these are significant incentives, undoubtedly, the biggest draw for GCAC to partner with BC Vilnius is the Lithuanian government’s crypto-friendly stance. The entire Baltic region is renowned for being Europe’s Silicon Valley, and thus, the innovative spirit runs free. Additionally, Lithuania ranks 19th in the world for Bitcoin nodes, which are computers connected to the Bitcoin network.
The substantial number of nodes — which dwarf other larger nations — indicates that the average Lithuanian has an unusually high level of Bitcoin knowledge and integration. It’s no exaggeration to say that pound-for-pound, this Baltic state could be the world’s best country to run a blockchain-focused enterprise.
As impressive as these statistics are, one motif stands out: it’s all about the people. In any investment, you can never discount the human element. A company rises or falls not based on its products or services, but rather, its people. A tech firm can’t run itself — decision-makers at the top to every cog in the organization’s distribution channel must work in-sync and function as one.
This is the pivotal reason why sector whales, such as Lithuania’s Antanas Guoga, who is both a digital entrepreneur and a European Parliament member, have jumped onboard GCAC’s Citizen Green advisory board. Better known to the crypto community as “Tony G,” Guoga recognized Global Cannabis Applications’ groundbreaking opportunity. More importantly, though, he realized that GCAC has the perfect team to execute its mission purpose.
The blockchain sector is unfortunately full of professional marketers who talk a big game but come up short. With Global Cannabis Applications Corp., the entire organization lets their work do the talking, and it veritably screams. From establishing a dominant position in the medical cannabis industry to securing elite talent within the cryptocurrency sphere, GCAC — along with its Citizen Green project — is primed for massive success!
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