The aim of the project is to provide a full suite of equipment and education to farmers around the world to grow CBD, substantially increasing their incomes and improving their quality of life for themselves and their families.
This expansion of CBD farming will be led by Greenheart CBD, increasing the company’s revenues while successfully expanding to multiple countries worldwide.
This white paper will walk through the process of a typical farmer borrowing technology from the Greenheart CBD Token dApp, explaining how the production and drone technology process is incorporated, the key decentralized functionality and its interaction with the network. It also explains the project governance and the advantages provided to farmers, token holders and the wider CBD Token community. Finally, the white paper explains the role of Greenheart CBD in implementing their advanced technology and CBD production processes.
The Greenheart CBD Token dApp will provide project and community led technology access to farmers around the world that wish to switch to CBD cultivation and production. It will take the form of a DeFi application, applying advanced smart contracts on a number of blockchain networks, to enable the expansion of CBD production to farmers worldwide.
The main purpose of this dApp is to provide the interactive ecosystem for the Greenheart CBD token, farmers, and community, specifically with the aim of providing CBD production tools to farmers, in any country worldwide that wishes to cultivate CBD, within the current and future parameters of the law.
The dApp will include a detailed dashboard, community staking functionality for individual CBD farmers globally, an NFT Marketplace and CBD Product shop. It can also be expanded to further non-CBD pools in the future, and also opened up to other CBD related businesses to utilize the CBD token for product purchases and sales.
Longer term, diversification into other Environmental, Sustainable & Governance (ESG) related areas and sustainability initiatives can be easily achieved as the project expands.
Farmers in poor and developed countries are keen to increase their incomes and offer a better quality of life to their families. This is of greater benefit to the developing world, where farming incomes are low. In poor countries, the work is physically arduous, technology is antiquated, and incomes can be unreliable. Farming often does not offer a decent standard of living.
For example, the average income of a Thai farmer is approx. $1,852 USD per annum
2.By switching to CBD cultivation, a farmer’s typical income can be increased substantially. Greenheart CBD, using its deep hemp production experience and artificial intelligence drone technology, has increased its CBD yields by over 500% (from 200 kg of hemp flower per acre to over 1,000kg). Under this scenario, a typical Thai famer utilizing Greenheart technology, could drastically improve the economic wellbeing and financial position of their family.
The Greenheart CBD dApp will address this problem by providing decentralized pools of liquidity, managed, and implemented on blockchain technology, to enable farmers in both developed and developing countries to access CBD production in the form of technology and expertise.
The CBD industry has grown enormously in recent years and this rate of growth is expected to accelerate in the coming years. However, the global market has been constrained by the availability of funding and capital to farmers who wish to switch from cash crops to CBD. While the legal framework in many leading economies has become much cleaner in recent years (e.g., Farm Bill in the US federally legalizing hemp
3and EU wide directives on CBD production), bank and lending facilities to CBD farmers and hemp producers have yet to catch up with the new rules and funding availability remains poor.