CIBUS- Food Ecosystem on Blockchain
More and more people are now increasingly encouraging the supply of food and the supply of food supplements. Communities will certainly look for nutritious foods to meet their needs and will be directly concerned with the nutritional information sections that food suppliers often provide. However, there are many problems communities face when looking for these nutritional value information, and sometimes suppliers do not include nutritional value information based on actual information. This leads to a decline in consumer confidence in food suppliers as it is known that the transparency of the nutritional value information contained in foods or dietary supplements is required by consumers for their needs.CIBUS blockchain process is based on Pull Model: Unique features of CIBUS model isfigured in the following model.
1.1 CIBUS’s Vision
Global supply chains are extremely effective these days but in many ways they are adulterated with non-transparency, fraudulent activities, outdated stocks, etc. Moreover, reliance on outdated technology or manual procedure creates unwanted gap between manufacturers and traders with consumers in several ways. Blockchain technology, which has the potential to be used as secured way to record and transmit data in a safe and decentralized networks, has now been counted as a promising way to improve these chains. One point that sets CIBUS apart from other almost similar projects is that CIBUS is going to launch hardware as well: best quality advanced and intuitive sensors that can continually monitor and steadily send data to the blockchain as an item transits from manufacturer to its end user. CIBUS is on the verge of creating a potential market. Most important factor in this system workflow is complete
transparency and conviction. The main focus will be to develop an ecosystem that address market issues, can bring down costs, and can boost efficiencies. All these components will help CIBUS to it be the most favourite for all stakeholders integrated in the supply chain — from the producers to traders to consumers. CIBUS is also creating a blockchain-centric procedure that has the flexibility to be used at different supply chain settings. CIBUS protocol is Ethereum-based and it can write smart contracts, which is expected to add heaps of efficiencies, along with transparency and responsibility to the whole chain. CIBUS is going to launch a new cryptocurrency token CIBUS token, which will be used on the CUBUS Platform only in a way that remains associated with each item within the chain. Amidst other things it holds the data as the food item moves ahead toward its consumers, and it also offers incentives for the stakeholders. CIBUS token is expected to be the central part of the equation. CIBUS seeks to facilitate a locked and sovereign supply chain, develop an improved distribution procedure and permit consumers to effortlessly see where their purchased products come from and the ingredients in it.
1.2 CIBUS’s Mission
The mission at CIBUS is project is:
1、To line up and transparent the global food supply chain and related market so that the interest and trust of
consumers and farmers can be maintained at its best. At CIBUS our aim is to reward the farmers who put
their labour in producing food and of course the consumers who has all the right to have quality food on their
2、 Thus eventually, all stakeholders can yield profit from the elevated whole value proposition for verifiably
quality food. Moreover retailers sourcing quality food products can trace and display the origins and
superiority of their food, which consumer can check on their own. Governments will get to guarantee
conformity by the food industry to standard and values by checking records and methods documented on the
3、Apart from that Smart contracts can establish commercial relationships between different parties as well as
can control/reduce risks and trading disputes, permitting suppliers and buyers to enter MOU without
suffering from stress about the status or solvency of their counterparty.
2 Why CIBUS?
2.1 CIBUS Utility
CIBUS is a multi-functional platform powered by CIBUS Tokens that aims:
- Promotion of food safety and transparency by using blockchain and ensuring product authentication, visibility of product’s life cycle journey visibility, product recall efficiency and, inventory management
- Authentication for products’ freshness in case of perishables and chain of custody with accountability, supplychain mapping and optimization,
- facilitation of direct retail(B2C) and business to business(B2B) food trading
- Creating a holistic food based social network globally.
- Robotic assurance for supply chain management
- Customs, audit, and regulation process optimization to implement optimum transparency in supply chainsystem with the support of PULL chain algorithm.
2.2 CIBUS Architecture
CIBUS Blockchain will contribute in adding transparency which will help global food industry in quick & efficient
CIBUS possesses very clear cut solutions for various practical issues in agri food business Furthermore, CIBUS is designed by food scientists who have decades of experience in dairy and related industries in collaboration with
blockchain technology specialists to ensure optimum accuracy and efficiency for its users.
In a nutshell,
1.CIBUS intends to provide escrow services, analytics and affiliate e-commerce functions. CIBUS uses
blockchain technology to bring absolute transparency in food and dietary supplements supply chain thus boosts food safety and traceability.
2. It benefits end-consumers by offering adequate information stored on blockchain, accessible on mobile application and websites, so that informed choices can be made before each and every food/dietary supplement purchase.
3. CIBUS also reduces involvement of intermediaries in the food economy by creating an e-commerce platform for food and dietary supplements. This facilitates direct trading between businesses and end consumers as
well as other businesses.
Token Sale stages, initial token price, and bonuses:
1 CBT = 0.001 ETH (1 ETH = 1000 CIBUS Token)
3.1 DETAILS OF ALL BONUSES:
3.2 CIBUS Referral Bonus system attracts rewards as per below summary table:
For more details, please check this document. Download PDF
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