Paragon coin is a new crypto currency that aims to use smart contract blockchain technology to standardize the legalized marijuana industry.
The following is the whitepaper abstract
"The cannabis industry has traditionally been fragmented, untrustworthy, and illicit, but it is now moving towards greater legitimacy. New research shows powerful health benefits of cannabis and strong social movements are pushing for increased legalization. One way to improve the reputation of the industry is to modernize it, make it standardized, fully verifiable, and built on a system of trust between patients, doctors, growers, and suppliers. New blockchain technology / Distributed Ledger Technology(DLT) offers an ideal solution. Since blockchain holds an immutable ledger and assured contracts, it can easily accommodate the recording and storing of all product life cycle events, verify patient identification, assure payments, and more. Paragon seeks to create a crypto-token built on smart contracts on blockchain specifically for the worldwide cannabis community. Paragon is the first organization dedicated to leveraging smart contracts built on the blockchain to create and foster a community dedicated to the worldwide legalization and systematization of cannabis."
The cannabis industry has only been "untrustworthy, and illicit" because of the governments regulation. The market had to create ways to get around the government controlling it. Americans are starting to realize that not only can they not stop the sale and usage of marijuana by outlawing it, but that they shouldn't be in the first place. It does have medical benefits and the risk of harm from using marijuana is almost, if not, 0. The government, however wants nothing to do with legalizing marijuana but with projects like Paragon to provide a transparent network that can be used to ensure trust in the system I think it is becoming harder and harder for them to come up with excuses not to legalize.
With the Paragon network enabling the medical community to keep records on the blockchain to verify doctors certifications, prescriptions, and also dosing, I feel that the full legalization of marijuana is getting close!
Currently Paragon is having a 25% off pre-sale, more info can be found here.