FarmaTrust- Revolutionize the pharmaceutical supply chains, confront counterfeit drugs

“Fraudulent drugs harm or kill millions around the world and inflict serious damage on the brand names and bottom lines of major pharmaceutical manufacturers.” – PWC Study

This is the quote mentioned in whitepaper of FarmaTrust – The most effiencient international tracking system. There is no other reason why FarmaTrust quoted this, this is a direct message to confront people who dealing with counterfeit drugs which I believe it would create huge impact in future to not only in health care industry but also in our society.

Have a quick look at "What is FarmaTrust video

Found in the middle 2016, the development team first identified 2 main things about the counterfeit drugs and the pharmaceutical market, particularly in supply chain, then decided to start project FarmaTrust to offer the solution by combining with blockchain technology. So what did they find in the two main problems and how does blockchain can help to solve it and revolutionize the whole industry in the future?

As you probably know whenever you or your friends have problem with your health, you will go to see doctors or go to pharmacy to find medicine for yourself. But unlike you, probably can easily find a good ones, most of people in the rest of the world hardly find the right medicine. It’s either in a wide range of options, you have no idea what to choose, or there are too many counterfeit ones out there. Not only in the underdeveloped countries,but also in developed ones. Even if you find the right medicine for your self, it sometimes might be too expensive, this is because of the complication of pharmaceutical supply chain makes medicines’price skyrocket.

So FarmaTrust’s mission is to solve both those issues, first to confront and minimize counterfeit drugs market and then people can afford medicine they want without any stress by reduce cost and time of supply chains by working in blockchain technology.

When there is FarmaTrust platform, you don’t have to worry about counterfeit drugs that can easily give you side effects or even kill you, and of course with an affordable price. Another thing about FarmaTrust is, beside using blockchain as a base, they also use AI technology to analyze data to create effiency and interact with users.

There are 2 types of cryptocurrencies working in FarmaTrust platform are FTT and ZOI tokens , FTT tokens will be staked to get ZOI tokens. ZOI tokens are tradable tokens and paid for FarmaTrust’s services in their platform, particularly used to create compliance tracking tokens that used to track product keys of each products wherever they are shifted on earth.

To have a better idea about how product and service of FarmaTrust works, I attached FarmaTrust’s front-end demo product in below video:

Token distribution detail:

The team:

For further information:
Website
Whitepaper
All screenshots taken from FarmaTrust website

You can join this contest too, by joining this link: https://steemit.com/blockchain/@originalworks/260-steem-40-bonuses-sponsored-writing-contest-farmatrust Contest sponsored by @originalworks

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