The global legal cannabis market was valued at approximately $6.56 billion in 2016 and is projected to grow at a CAGR of 16%. This significant growth is expected due to legalization in numerous countries and high demand for medical and recreational use. MOCCI is a revolutionary advancement for the unique cannabis industry, a privacy-focused public blockchain built on smart contracts. It is a public blockchain ecosystem specifically designed for the cannabis industry. Its code is forked from Monero, with the following improvements:
1. Smart contracts, enabling the support of Dapps
2. Cross-chain technology, enabling connections with other public blockchains
3. Provides complete payment privacy
The MOCCI public blockchain itself offers anonymity, effectively safeguarding the industrys privacy requirements. Its smart contract functionality supports various applications, including social platforms and product trading platforms, while payment privacy is highly protected. MOCCIs cross-chain technology lays a solid foundation for supply chains and payments. MCT is the universal exchange medium within the MOCCI system. As the number of use cases increases, its usage range and frequency will also expand accordingly.