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CannaChain (Cannabis Chain) is the worlds first public blockchain in the medical cannabis sector, a blockchain genuinely tied to physical assets that can generate profits. CannaChain is dedicated to addressing payment, traceability, and financing issues within the medical cannabis ecosystem, achieving secure payments, data on-chain, asset on-chain, and asset tokenization. It builds a distributed, peer-to-peer trust network for the cannabis ecosystem, enabling communication, transactions, rights confirmation, traceability, regulation, and other activities, creating a perfect, legal, closed-loop ecosystem for medical cannabis.
Technically, CannaChain adopts Polkadots heterogeneous multi-chain system, consisting of multiple heterogeneous blockchains and cross-chain components. CannaChain will use Substrate as its underlying development framework, employing a hybrid consensus of Aura + Grandpa, capable of supporting over 1,000 consensus nodes, a block time of 1-2 seconds, finality latency within 10 seconds, and a TPS (transactions per second) exceeding 5,000.
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