FarmaTrust : Worldwide Tracking of Drug Supply
FarmaTrust
FarmaTrust is an efficient blockchain solution designed to solve issues in pharmaceutical supply chains. In which this will enable the tracking of drugs from production to consumer. This ensures that the contents are as stated, and safe to use. FarmaTrust will integrate with software solutions that are already in place in order to ensure that companies can quickly adopy the technology into their workflow.
Basically FarmaTrust ensures every drugs that is to be delivered in every consumer. Each drug will have of course its descriptive title if it is generic or not. There are also drugs that has an expiration date, Farmatrust will also ensure the expiration and the quantity available for the consumers. FarmaTrust also does not allow fake drugs, that is why they ensure every drug before it reaches the consumer.
How it will better the Pharmaceutical Supply Chain.
It will be better for some of the companies most likely who is leaning to the blockchain technology. We all know that there are still have no assurance behind the blockchain technology, which FarmaTrust could be a game changer of every drug related consuming products. If everyone already knows what is behind the blockchain technology or most people trust the blockchain. Then Pharmacists/Drug Stores/Suppliers will be easily be tracking drugs because of artificial intelligence, advanced data analytics and most likely the blockchain.
What are the dangers of Counterfeit drugs?
There are cases that some counterfeit drugs has no side effect at all. Most likely, counterfeit drugs will lead to mistrust, and the public will raise some concerns regarding the safety of buying this certain kind of drug. Other kind counterfeit drugs will lead the consumer to death or wastage of another consuming product. In another wastage of another product, there will be a waste of labor by making those drugs and wastage of raw materials. Counterfeit drugs maybe be hazardous and is subject to garbage/waste.
What impact will the application of FarmaTrust?
FarmaTrust will be using the blockchain technology. Which means this is not only for a certain country but for everyone. Of course the consumer or the consumers are able to use the FarmaTrust app (Internationally) the app lets you scan the barcode/qr code or any tracking device that is to be given to the supply crate/delivery. Also in this impact, there will be advanced data analytics and artificial intelligence. By artificial intelligence and data analytics, companies and suppliers are effortlessly submit reports and feedbacks on time.
video from FarmaTrust
What are the benefits of applying blockchain technology to this sector?
It will benefit for every consumers and producers. In the next few years, consumers will be trusting the blockchain technology and learn more about FarmTrust. This trust will let them allow FarmaTrust to be their guide to ensure them a much safer drugs. Since it is powered by the blockchain technology, they may also trace and track the drug/product they receive because of the transparency of the blockchain technology. Consumers may also assure the quality of drug they receive and the for the Company and the producers, they will might get immediate feedback and store it into their advanced data analaytics.
video from FarmaTrust
FarmaTrust looks promising in the near future, but as of now the public still needs to be introduced what is the power behind the blockchain. Some people still does not know what the blockchain is. Some reasons of why investors should support FarmaTrust is that, this is already the future of the Blockchain technology.
To Find out more, please read more in the description below. Once again this is @chuuuckie
Important Information & Resources:
FarmaTrust Website
FarmaTrust WhitePaper
▶️ DTube
▶️ IPFS
farma2018
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That is really great to know if people do have the capacity to evaluate the details especially the authenticity of the product.
I can't wait to see the development of the blockchain which will be used also in different sectors or establishements in the whole world. I am sure we will have a smoother transactions already.
Furthermore, I am hoping the blockchain will be discovered by our school admin for fast enrollment transaction. Hahaha
That would be UNIVERSITY OF CEBU powered by Blockchain 😂😂😂
🤣🤣🤣🤣
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Thank you!
This post has received a 0.63 % upvote from @drotto thanks to: @chuuuckie.