Smart contracts for the cannabis industry
ELYCHAIN is a pioneer in the area of standardization, production assurance and documentation of medical cannabis in Europe.
We bring together producers, patients, authorities and the pharmaceutical industry. Our goal is the barrier-free supply of cannabis to patients, as well as the legalization of cannabis for recreational use.
By participating in the ELYCHAIN ICO, you invest directly in the European cannabis industry! One of the biggest growth markets in the next 20 years.
About the project
Welcome to ELYCHAIN:
Behind the innovative ELYCHAIN project is the Cannabis Social Club Elysium in Lanzarote – Spain. The Elysium C.S.C. already provides products for the medical cannabis use. The ELYCHAIN project is directly implemented and applied by the Elysium C.S.C.. We will work closely with authorities, doctors and patients.
ELYCHAIN will take the professional production of medical cannabis in Europe to the next level and create unified, much-needed standards for the cannabis industry. The Elysium C.S.C. will take on a pioneering role.
Once the development of the ELYC Mainnet is complete, it can be used by the cannabis industry and its partners.
What is the goal of ELYCHAIN?
Cannabis has been one of the most prominent medicinal plants of humanity for 5000 years. Since it is a natural product, the amount of active ingredients varies. The same seed may contain various compositions of active ingredients. Thus, to reach standardization of medical cannabis, a constant production process plays a crucial role.
With ELYCHAIN, we create smart contracts for the cannabis industry, so we are able to work in compliance with the law. Manufacturers and sellers have the opportunity to standardize and document their production and distribution based on blockchain technology.
In addition, the C.S.C. Elysium and other partners accept payments in ELYC tokens, with the ability to toggle tokens locally and load them onto a membership card stored on the blockchain.
With Smart Contract, all processes can be reproduced safely and permanently:
Controlled cultivation of cannabis
Documentation of cultivated and harvested quantities of cannabis and their extracts through smart contracts.
Documentation in the blockchain of the cannabis strains used, the ingredients and the recommended use
Documentation Number of products sold, their exact ingredients and recommended applications. By selling against ELYC tokens and in conjunction with a digital membership.
Cannabis Social Clubs and similar distribution organizations can create digital memberships based on the ELYC token. Through documentation in the Blockchain the membership is forgery-proof and cannot be transferred. The dispensed quantity can be controlled and documented without any doubt.
For the controlled supply of medical cannabis, the ELYCHAIN project will develop tamper-proof formulas bases on the Blockchain.
ELYCHAIN Smart Contracts can also be used to publish research and test results to the public in a safe manner.
ELYC-Token as currency
The ELYC token uses peer-to-peer technology that does not require any central authority. Unlike the previous financial system, no financial service provider (e.g. the central bank) is needed. Very low transaction costs are the result and payments can be processed worldwide in seconds.
Take a look at out Whitepaper here:
(Current version: 1.0)
Join the revolution – become our partner!
Contribute now! Buy ELYC
|1. Level (direct partners)||5%|
Help us to promote the ELYCHAIN project!
Our unique partner program offers you up to 10% of the investments of people you recommend ELYCHAIN to. We want to reach as many people as possible with this project and with this marketing-strategy, we reward you for recommending the ELYCHAIN!
We hope you will support our idea and spread the word in your community, with friends and family and anyone you know who might be interested in making Europe’s cannabis industry smarter!
You can find detailed information and terms about our affiliate program and terms here.