GANA AI will Learn from Data on Cannabis Consumption Patterns to Craft Content that Appeals to Customers’ Needs

in #gana6 years ago (edited)

Analysis of the customer spending patterns can enable retailers and research communities to effectively determine consumer response and forecast demand. That is, the existing capabilities of the cannabis industry can be enhanced as more data will become a part of the GANA ecosystem. GANA will gather data related to personal preferences to enable its users create communities for sharing common interest.

Artificial intelligence (AI) already allows for completion various tasks, in particular for assistance in the area of data management. The applications of AI are nowadays almost limitless, and are projected to spread throughout the market environment given that all preconditions are met. While it might be quite an unexpected solution, medical industry is one of the important markets that has been gaining momentum from investors willing to provide the AI solutions in medicine.

https://ganacoin.io

The question of the data analytics required for the accurate cannabis inventory management was addressed by the Green and Nature Association Technologies (GANA), an Estonian-based company providing advanced solutions to the cannabis industry. With its blockchain-based project, GANA intends to establish a reliable database covering three main resources with regard to cultivation, distribution and sales activity.

The legal status of cannabis

Cannabis is treated as a controlled substance and therefore its legality varies widely according to the relevant legislation. Medical cannabis is nowadays legally permitted for scientific and clinical purposes in a few countries, including Australia, Canada, some South American and European countries as well as several states of the USA.

Due to a significant gap between the safety of cannabis as a medical treatment and the requirement for scientific data, the best outcome would be the establishment of relatable environment based on ethical principles to ensure data safety for each participant.

Data collection and analysis

There is considerable compound interest in the use of cannabis both from the medical and scientific standpoints. As for any other research areas, data availability is crucial to investigate cannabis use and cultivation. Qualitative research encompasses multiple approaches to data collection. However, cannabis industry presupposes highly sensitive data, a factor, that significantly hampers access to information. In this regard, peer reviews help increase research possibilities and uphold the quality of investigation.

GANA focuses on gathering digital data due to cannabis consumption – an approach that both requires and provides online sales data. Nonetheless, creating such a system of online transactions is a priority as it will create a sound database.

GANA will build its ecosystem following a collaborative approach, that is, active participation in community development is encouraged and rewarded. For this purpose, GANA will involve online communities, cannabis retailers and research centres to enable effective data management.

Participants of the platform

Understanding the key components of the platform

The implementation of AI enables GANA to show the relationship between the cannabis consumption patterns and customer preferences, such as lifestyle, as well as their medical needs. GANA data management enabled with AI research is shown below:

Different types of users also form different consumption classes. GANA intends to bring together third party providers to correspond to different needs that the platform participants can satisfy by purchasing their services. Third party providers, in turn, will directly address and satisfy consumer needs.

GANA mobile App
All interactions will be enabled with the GANA mobile App. Based on information being collected specifically with regard to users' tastes and preferences, GANA application will suggest appropriate content that matches their interests. In particular, GANA AI will provide medical recommendations and therefore function as a healthcare application with integrated machine learning capabilities.

https://ganacoin.io

Token Sale Plan

Public ICO started on May 21, 2018 and will end on July 21, 2018.

GANA is building an ecosystem with open access for three types of communities, with direct interaction between users and service providers, while ensuring data encryption and anonymity. Since GANA seeks to achieve three main communities, it is reasonable to conduct analysis of the benefits and risks associated with the participation in the platform. Research institutions alongside pharmaceutical companies certainly have a strong interest in medical data. As for individuals, however, data collected on their cannabis consumption patterns might become a concern.

To close this gap, the first thing to be improved is the need to provide an unambiguous explanation on data connectivity. Personal data are highly sensitive, especially as concerns the use of information in cannabis industry. Sharing information online can potentially make one's personal data vulnerable. One has to keep in mind, that this fact alone makes it difficult to assume comfortable experience with any application of this kind. However, as stated in the project description, GANA will ensure data security and hide any personal information that is not relevant for statistical reasons.

Links:

Website: https://ganacoin.io
WhitePaper: https://cdn.ganacoin.io/wp/GANAwhitepaper_v2.1_eng.pdf
Telegram: https://t.me/gana_official
Facebook: https://www.facebook.com/GanaProject/
Twitter: https://twitter.com/ganaproject
Medium: https://medium.com/ganaproject
ANN: https://bitcointalk.org/index.php?topic=4338712.0
Author: https://bitcointalk.org/index.php?action=profile;u=2201409

email: [email protected]

Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.

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