PopCom, a number one Black-owned automated retail know-how firm specializing in good merchandising and kiosk options, has introduced its plans to develop a brand new blockchain-powered product ecosystem that permits hashish, pharmaceutical and alcohol retailers to automate the sale of government-regulated merchandise. The corporate is inviting forward-thinking traders to hitch them in bringing transformative know-how to retail through their Safety Token Providing (STO)–a public fundraising spherical that enables to anybody put money into the way forward for retail. The minimal funding is $252 and the workforce is seeking to elevate $945,000 in a 90 day interval.
“It was important to me to be able to raise money from my friends and family, and my community of supporters, many who are not accredited investors,” mentioned PopCom Founder & CEO Daybreak Dickson, a serial entrepreneur who graced the duvet of the June situation of Black Enterprise and was named as INC Journal’s prime 100 Feminine Founders for 2018. “By raising money through Title II Reg CF I can now take money from anyone, now people can invest in tech company and get in early. Too often I watched under represented communities left out of deals, now anyone can support.” The marketing campaign launched proper earlier than Christmas and handed $10,000 within the first week.
PopCom will leverage developments in biometrics, blockchain, and good contracts to reinforce its present automated retail platform right into a “2.0” model for regulated retail, powering machine-driven transactions in a safe, compliant method. Whereas the corporate intends to launch the know-how first as a turnkey merchandising answer, the software program shall be constructed with the intent to combine with 18 million merchandising machines and kiosks worldwide, bringing blockchain to the helm of recent retail know-how.
“As a company that exists on the forefront of product innovation in our industry, we see the blockchain revolution as an amazing frontier for further innovation in retail.” says Daybreak. “We believe it’s the key to enabling better consumer access in markets like cannabis, pharma, and alcohol while still preserving privacy and compliance.”
The announcement comes at an opportune time for the corporate, with a number of favorable landmark governmental coverage adjustments taking place within the hashish and healthcare industries, reminiscent of Canada’s current announcement of the complete legalization of leisure hashish and the very first FDA approval of a marijuana-based prescription.
For licensed hashish retailers, PopCom’s plans to implement a sturdy compliance featureset, together with stock track-and-trace, displaying dosage data to clients, and offering thorough audit information. Machine-driven hashish purchases are a promising option to scale back enterprise threat and prices related to the sophisticated hashish compliance panorama.
With intention to service all the regulated retail market, PopCom is planning know-how pilots and rollouts beginning with hashish and prescription drugs in This fall 2019. It’s the firm’s intent to finally energy all machine-driven transactions within the retail area with blockchain.