CEN Biotech Inc (CENBF)

[ProfitScout]

CENBF helps its clients develop the most secure and efficient e-commerce operation by employing blockchain tech to prevent fraud and ensure accountability.

From the company website:

Blockchain is a powerful and growing technology that has its origins in crypto currency but, is being expanded into a variety of other uses and applications. Clear Com Media has been dedicating effort into examining the usefulness of this technology, and investing in the development of new and proprietary systems based on blockchain technology. We believe that we can all gain tremendous value and advanced functionality in the following areas:

Click Fraud.
Advertisers are estimated to spend almost 35% of the total global online ad spend on what is called ‘click fraud”. This refers to advertisements that are clicked on by bots and other automated systems which are never viewed by humans. This waste adds up to billions of dollars that are needlessly spent on costly advertising that has no chance of returns. By using the blockchain framework, we believe that this fraud can be dramatically reduced, if not eliminated completely, which would revolutionize the online advertising industry.

ECommerce.
Online credit card and commerce fraud is always an ongoing concern and costs consumers billions of dollars each year. We believe that this amount can be greatly reduced by implementation and developing a new paradigm for performing online financial transactions. Blockchain technology provides a base framework for security and P2P data distribution that offers tremendous opportunity to take ECommerce to the next level while making the act of buying online more safe, more private and certainly more secure.