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In 2016, the global legal marijuana market size was about 6.56 billion US dollars, and the compound annual growth rate is expected to reach 16%. The market is expected to witness significant growth owing to legalization in many countries and high demand for medical and recreational use. The emergence of MOCCI has brought revolutionary changes and advancements to the particularity of the cannabis industry. MOCCI is an anonymous public chain that supports smart contracts. It focuses on building a blockchain public chain ecosystem in the cannabis industry. Its code forks the Monero public chain and upgrades the following aspects on the basis of Monero:
1. Possess smart contracts and support Dapp
2. Cross-chain technology, which can be connected with other public chains
3. It can provide complete payment confidentiality
The MOCCI public chain itself has anonymity, which well protects the privacy needs of this industry. The MOCCI public chain has smart contracts to support various application scenarios, and has incubated social platforms, product trading platforms, etc., and payment confidentiality is highly protected. The cross-chain technology owned by MOCCI has laid a solid foundation for supply chain and payment. MCT is a common medium of exchange within the MOCCI system. As the number of scenarios increases, its scope and frequency of use will increase accordingly.