DENVER--(BUSINESS WIRE)--Leafbuyer Technologies, Inc. (“Leafbuyer or the “Company”) (OTCQB: LBUY), a leading cannabis technology company, announced today, it has launched development of a large-scale platform based on blockchain technology.
This development is aimed at increasing the value of the Leafbuyer network for both its dispensary partners and consumers who use Leafbuyer.com. Blockchain is a secure environment used to decentralize and distribute a public ledger, which is inherently resistant to tampering with transaction records and minimizing fraud. The technology will enable Leafbuyer to capitalize on its rapidly expanding web traffic. A feature of the new technology will allow users to register and participate in “Special Deals” only offered to them through the New Program.
“Delivering analytics to our dispensary customers is an integral component of our long-term business plan,” said Leafbuyer CEO Kurt Rossner. “Blockchain technology will enable the company to track online-to-offline (O2O) traffic and subsequently increase revenue for our clients. We have conducted initial market research and believe that legal cannabis dispensaries will see significantly enhanced value from this new technology. Blockchain will also help us leverage our web traffic as we build one of the largest consumer databases in the industry. Blockchain will help further distinguish Leafbuyer as the technological leader in the legal cannabis industry,” Rossner said.
Leafbuyer CTO, Michael Goerner, stated, “As we continue to evolve our platform and products, we have been watching blockchain technologies evolve and believe this is the right time to utilize this cutting-edge technology to better serve our clients and grow revenues. Blockchain is going to be a key tool in our overall growth strategy and will become an integral part of the security and quality of transaction data on our network. Adding the ability to apply big data concepts to blockchain transaction data will allow us to provide a level of analytics to our customers, and even our consumers, that we have not been able to provide until now.”
Leafbuyer chose Wunderkind Technologies to develop its proprietary Blockchain platform. Alec Harrison, Principal Consultant at Wunderkind, said, “We are pleased to work with Leafbuyer and build out the Company’s blockchain offerings. Wunderkind employs some of the best minds in blockchain and artificial intelligence. Blockchain is the future of distributed secure ledgers. We are thrilled to see Leafbuyer become early adopters of this cutting-edge technology.”
About Leafbuyer Technologies, Inc.:
Leafbuyer.com is one of the most comprehensive online sources for cannabis deals and information. Leafbuyer works alongside cannabis businesses to showcase their unique products and build a network of loyal patrons. The company’s online network reaches millions of marijuana consumers monthly. Leafbuyer is the official cannabis deals platform of TheCannabist.co (owned by The Denver Post), Voice Media Group and Grasscity.