cibus ecosistem on blockchain

CIBUS IS POISED TO CREATE FRESH REVOLUTION WITH BLOCKCHAIN ENABLED FOOD ECOSYSTEM 2.0 FOR 21ST CENTURY

 

CIBUS is bringing Trust back into Food and Dietary Supplements segments with a new decentralized, blockchain based platform. CIBUS will help its users to track and transact food and dietary supplement products to ensure highest quality,trust, transparency, reliability, efficiency, security and full traceability, at lower cost. CIBUS will create end to end B2C & B2B ecosystem that will transform how we handle and consume food in future.

 

The Business model of phase 1 of CIBUS platform will be centred on 4 modules.

 

1. CIBUS Trace

Traceability is the ability to track any food and dietary supplement through all stages of production, processing and

distribution. Traceability also mean that movements can be traced backwards and forward steps at any point in the

supply, which is rightly described as farm to fork traceability function.

Good traceability systems will help to minimize the production and distribution of unsafe or poor quality products,

thereby minimizing the potential for bad publicity, liability, and costly product recalls. The current food labelling

system cannot assure the authenticity, safety and quality of food: CIBUS trace facility will put 100% emphasis of

offering instant authentication on food safety, reliability, and best quality.

2. CIBUS Social

CIBUS social is an interactive social platform connecting with Food sellers, other users, will allow multi-media

uploads, and will soon become a global forum for people with special dietary requirements, user reviews, recipe

sharing, user reviews etc.

It is a food focused community which will be incentivized (with CIBUS tokens) to create a PULL MODEL to

encourage Food producers or sellers to share all its product traceability related information on blockchain. It will be

mutually beneficial for both the ends - consumers will get to know more about their food products and food

businesses owners will get the consumer’s feedback directly. Visualize a Facebook for food.

3. CIBUS Retail

It is a virtual Business to Consumer (B2C) marketplace based on blockchain technology and cryptocurrency as

transaction medium. Consumers will get to buy food products and provide their feedback based on their

experience, just like Amazon etc. Buyers can compare food products and dietary supplements based on their

traceability data sitting on blockchain coming via CIBUS Trace module. Consumers as well as business operators

will have to transact using CIBUS token, which will drive the popularity of CIBUS token over time.

4. CIBUS Trade

 

CIBUS Trade is meant for bulk purchase of traders for their trading from another trader or manufacturers. All

transactions will be done via CIBUS token; however, just to create the business momentum initially USD

transactions will be entertained.

Incorruptible vendor rating system, smart contracts, and most relevant search results based on user profile and

past activity, one click purchase advice strategy, escrow services, product tracking facility of CIBUS Trade -will

facilitate business to business trade by enabling seamless sales experience. Every transaction on CIBUS will

attract a micro-fee based on the transaction size.

 

In Phase 2, CIBUS platform will be enriched by adding capabilities of the following 4 modules :

 

5. CIBUS Logistics

It will deal with logistics companies in all the way like, listing or seeking quotes on behalf of customers to pick up

business. CIBUS may consider at a later date to open its own Logistics centre like Fulfilment by Amazon (FBA)

model - to deliver products to its customers from its central warehouse.

6. CIBUS AD

CIBUS AD is a direct advertising and marketing platform including data analytics and artificial intelligence. Reduce

intermediaries, decentralized advertising platform. It facilitates direct marketing. Manufacturers, traders, or allied

business operators, if list their products on the website, will have the option to purchase analytics-like data on user

demographics that can be used to create targeted marketing and promotional campaigns. The advertisement can

either be basic or advanced and the fee charged by CIBUS will vary depending on the customization.

7. CIBUS Affiliate

Affiliate marketing is a type of performance-based marketing in which a business rewards affiliates for each visitor

or customer brought in by the affiliate's own marketing efforts. CIBUS Affiliate program will provide incentivized

reward model for the Marketers for their effort in promoting the sale process of CIBUS Retail and CIBUS Trade

modules via promoting their affiliate links and advertising media.

8. CIBUS Escrow

CIBUS escrow is a financial intermediary arrangement where CIBUS will hold and release payments to buyers and

sellers involved in a given transaction. It helps in processing transactions more protected and secured by keeping

the payment in a secure escrow account. The payment is only released when all of the terms of an agreement are

met as overseen by the CIBUS escrow unit. CIBUS will work as an intermediary between buyers and sellers and all

transactions will be facilitated by CIBUS Token. Example will be Alibaba which is currently providing escrow service

between its Sellers and Buyer on its platform.

 

INDUSTRY PROBLEM

Lack of reliability, inadequate information and non-transparency about food ingredients and, its origin is the most

vital problem of present food industry, and traceability is considered as the most appropriate approach to bring ultimate

consistency and transparency.

 

THE CONTEXT OF TRACEABILITY

Agri-food supply chain is one of the prime potential areas for implementing a traceability system, based on

blockchain technology. Blockchain can fully support a traceability system as it can store the history of all

transactions ever made and recreate the history and identify the origin of a product. More precisely, in the

entire agri-food chain, information is gathered from every link from ‘from-farm-to-fork’, which enables

traceability to ensure quality and safety of the agri-food. The use of the blockchain as a traceability system

is useful both in terms of speedy identification of a certain product and investigation especially if it is

contaminated.

 

* For further Information Read our WHITEPAPER

 

Why CIBUS?

 

CIBUS application is poles apart than other Ethereum based blockchain model. The reasons are:

● Producers can upload food safety traceability related data in shared ledger

● Consumers will have complete leverage to opt for checking food safety related data

● Producers can check the algorithm of data over a period of time: they can check how many consumers are

willing to pull data and what type of data are being pulled

● CIBUS platform will be flexible for food producers: One can upload data on personal discretion

● CIBUS social will work as a passive puller of data based on consumer discretion.

 

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, visibilityof 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, supply chain 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 chain

system with the support of PULL chain algorithm.

 

CIBUS Architecture

CIBUS Blockchain will contribute in adding transparency which will help global food industry in quick & efficient

fraud prevention.