DENVER--(BUSINESS WIRE)--Leafbuyer Technologies, Inc. (LBUY) (“Leafbuyer”), a leading cannabis technology platform, today announced Stellar’s open-source protocol will serve as the foundation for Leafbuyer’s Blockchain business strategy: providing uniquely developed products and services for an ever-growing base of clients.
Leafbuyer Chief Technology Officer, Michael Goerner, stated, “Working with our partner Wunderkind LLC, we selected Stellar, as the robust network on which we are basing our Blockchain development strategy, greatly enhancing the security, trackability and transparency of transactions within our network. Stellar’s technology will provide Leafbuyer the ability to collect data and analyze patterns and trends, giving our clients greater and more in-depth insight into their business and customer interactions; which is critical to expanding both Leafbuyer and our clients’ businesses. Stellar's Blockchain technology will also provide a secure environment for storing anonymized transaction data so customer privacy can be ensured. Stellar is the transactional technology of the future that will help our Company grow our offerings and services. When fully implemented, the Leafbuyer’s strategic Blockchain services will unlock very powerful transactional use cases, which are simply not achievable using standard system architectures.”
Alec Harrison, Principal Consultant at Wunderkind LLC, said, “The Stellar platform is unique in the Distributed Ledger/Blockchain landscape in that it allows the creation of multi-party, cryptographically secure smart contracts using relatively simple building blocks. This approach makes these smart contracts much easier to audit for vulnerabilities and security risks, thereby significantly reducing the potential attack surface when compared to competing platforms such as Ethereum. Stellar is also particularly suited for the Leafbuyer distributed ledger services because it can achieve high transaction throughput while keeping transaction costs down.”
CEO of Leafbuyer, Kurt Rossner, concluded, “Our Company is growing as demonstrated by the 43% Year-Over-Year growth we delivered last quarter. With California entering the adult-use cannabis market in January, we have gained new clients and continue to expand across one of the largest recreational markets in the United States. Technology, such as the secure Smart Contracts provided by Stellar, will help cement our position as a market leader across the dispensary and product technology marketplace. As our industry continues to mature, dispensary/product owners, operators and savvy investors have created a serious demand for technology that allows, drives, and tracks predictive revenue. Our technology should result in increased customer satisfaction and retention, resulting in repeat business, which in turn will help expand our operating margins.”
About Leafbuyer Technologies, Inc.:
Leafbuyer 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. Leafbuyer’s national network of cannabis deals and information reaches millions of consumers monthly. Leafbuyer is the official marijuana deals platform of Dope Media, Voice Media Group (Westword, Phoenix New Times, and Toke of the Town) and LA Weekly.
Learn more at www.leafbuyer.com.
About Wunderkind Technologies, LLC.:
Wunderkind is a New York based technology consulting firm with a focus on artificial intelligence and blockchain technology. It brings deep industry expertise, rigorous analytical capabilities, and a pragmatic mindset to help solve its clients’ most complex business problems in industries as diverse as Finance, Healthcare and Audience Development and Targeting.