Popcom holds fundraiser to support blockchain cannabis, pharmaceutical kiosks

Popcom, a provider of automated retail technology and specialist in vending and kiosk solutions, has announced a security token offering to develop a blockchain-powered product ecosystem that will enable cannabis, pharmaceutical and alcohol retailers to automate the sale of government-regulated products.

The company's goal for the security token offering is $945,000 in 90 days, according to a press release. The minimum investment for the security token offering is $252. The campaign launched just before Christmas and raised $20,000 in its first few weeks.

«It was important to me to be able to raise money from my friends and family, and my community of supporters, many who are not accredited investors,» Popcom CEO and founder Dawn Dickson said in the press release.

Popcom plans to leverage biometrics, blockchain technology and smart contracts to augment its current automated retail platform in a "2.0" version for regulated retail. While the company intends to release the technology first as a vending solution, the software will be built with the intent to integrate with 18 million vending machines and kiosks worldwide, bringing blockchain to retail technology.

«As a company that exists on the forefront of product innovation in our industry, we see the blockchain revolution as an amazing frontier for further innovation in retail,» said Dickson.

For licensed cannabis retailers, Popcom plans to offer a compliance feature set, including inventory track-and-trace, displaying dosage information to customers and providing audit records.

Source: Kiosk Marketplace