Global tracking system which provides security
Smart contract blockchain
FarmaTrust is the most efficient global tracking system which provides security to the pharmaceutical companies, governments, regulators and the public, that counterfeit drugs do not enter the supply chain. Our Blockchain based system utilises Artificial Intelligence and big data analysis to provide the pharmaceutical industry with value added services which allow for more efficient processes and methods as well as a more transparent supply chain. Our system is safe, secure, encrypted and immutable.
FarmaTrust wants to make sure that counterfeit drugs do not enter the supply chain. They can cooperate and provide the needed transparency and security to the pharmaceutical companies, governments, regulators and most importantly the public, so that everyone can feel safe. According to a recent PWC report, even 30% of all drugs in circulation are fake, which causes a million deaths annually, which could easily be prevented with proper tools and security checks, including 450,000 preventable deaths from malaria alone. Such faked drugs and medicine contain substances like rat poison, floor wax, industrial chemicals and many more. FarmaTrust created a Zoi blockchain, which allows for transparent tracking of data connected with supplying drugs. This is achieved through a secure RESTful API interface that integrates with existing supply chain management systems to securely share information about products moving through the supply chain. It's interesting that in the future they plan to connect AI to the system which can help manage the supply chain, find the most efficient routes and reduce wastes caused by expired drugs. The team consists of many experienced members and most importantly blockchain developers which will be able to deliver the promised technology. There are their LinkedIn profiles available to check their previous experience and prove real identities. The site is well designed and the whitepapers provide in details many useful and interesting information about the project, it's features and future plans.
User ReviewWrite review 1 reviews
I personally think that the project seems to be very promising and it offers to solve the real problem, which is fake drugs. It's not only a revenue problem for the pharmaceutical companies which lose money, but most importantly a threat to people's lives, as these faked drugs oven consists of harmful chemicals. The team behind the project is very experienced and it consists of blockchain specialists and developers, which mean they will be able to create such blockchain database for supply chains. The design of the site is also quite good, as it's easy to find information.
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