Efficiency, transparency, safety and low cost, medicine in your hands

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Medications are part of our modern world, these are composed of various drugs that through chemical processes and their organic/molecular composition bring solutions to a number of pathologies that today affect the world population. The use of medications is a must for treatment from the slightest headache, to its proper application in degenerative and terminal diseases.

Undoubtedly, the scope of this modernity and its importance are linked to the advances related to medicine, to the eradication and control of viruses and pests, which were considered deadly in past centuries, so today there is evidence of an advanced treatment of these diseases to achieve better global health.

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However there are many difficulties that are still challenging to solve in the world today, there are problems in the supply chain, where drugs arrive late to their destination, compromising the integrity of their compounds on the due date, the rise of illicit traffic in fake medicines in the market sold through internet, the consequences and the secondary effects that these infringe on consumers.

The figures corresponding to people who self-medicate, or obtain illegal medicines and take fake drugs, are increasing so that their disproportionate use causes the occurrence of more frequent cases of fatal victims. Although the pharmaceutical industry is one of the largest in the world and moves billions of dollars, it still has inefficient processes and many failures in the supply chain. There are no effective monitoring controls between the manufacturing companies and the supply chain processes in each of their stages. This causes the market to infiltrate medications that do not meet the standards and gratulatory tests, illegal medicines that emerge as a result of the same inefficiency of the process and take advantage of the lack of regulation in the chain.

There is a regulatory untying of processes from the origin to the consumer's hands, generating a disproportionate increase in the value of medicines, the risk of administering false medicines and the aggravation of pathologies due to the application of inappropriate compounds and drugs.

Farmatrust is the solution

Farmatrust is a technological solution that takes advantage of the benefits of blockchain technology, providing a platform that controls, regulates and monitors every stage of the supply chain, making the process safe, efficient, transparent, immutable and adequate to save lives.

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The focus of this development is to bring all the derivatives of the pharmaceutical industry directly into the hands of the consumer, making a detailed and certified tour of each of the stages that make up the distribution chain. Inclusive are the regulatory measures of drug testing and certification, as well as the incorporation of these in each country. The use of this technology in a transparent way allows medicines to be regulated and certified, under a blockchain system where manufacturing companies converge worldwide making and interacting in the same language, facilitating the manufacture, trade, distribution and use of drugs.

Farmatrust platform is made to minimize the cost in the control and monitoring of drugs, integrating its clients between health ministries, NGOs, micro companies and government organizations, through the simple execution of a mobile application.

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Most countries require a voice of expeditious, efficient and safe processes for the control and monitoring in real time of the distribution of medicines in each of their programs, making the technology offered by Farmatrust highly demanded, making use of the decentralized platform that works with a highly intelligent system.

When I speak of intelligence, I do not speak only of human programming, and the interaction of it within this technology, I speak more emphatically of the artificial intelligence development linked to the very functioning of the system. An intelligent technology that learns from the processes as they are applied certifies and regulates each stage, and in the same way, can execute parallel or alternate processes to make the platform more efficient.

Supply Chain Data Automation
Farmatrust has developed a neutral, inter-operable, and secure data exchange system that is scalable, flexible and modular. The technical architecture uses RESTful API calls to coordinate data communication across existing Supply Chain Management Systems (SCMS) and the Zoi information exchange network. This enables both synchronous and asynchronous data connectivity across different organisations and handles the complex task of coordinating systems in the pharmaceutical supply chain, removing the need for system harmonisation. Credits Farmatrust Whitepapper

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Farmatrust's technology also takes into account the confidentiality of the data handled within the platform, since although it is within a decentralized platform, there is information that is confidential and that may connote a sensitive content, by which the latter is It encrypts and can be verified in different identities and specific regions without compromising the data.

The artificial intelligence of the platform anticipates the expansion of machine learning, which will allow it to reduce exorbitant prices, reducing the expired drugs within the market, and making deliveries just in time. This technology can also verify the different routes used for the delivery of drugs and through learning can correct and apply those that are more effective.

Advantages for pharmaceutical companies:

• Cost effectiveness
• Platform easy to integrate with each part of the supply chain.
• No existing productive processes are compromised or affected.
• Easy maintenance
• Costs reduction.
• Confidentiality of data in test products.
• Transparency of the process within the block chain.
• Determination of more efficient routes and solution of processes through Artificial Intelligence.
• Prediction of supplies under the premises of where, when and quantities required.

Advantages Supply chain companies

• Speed.
• Cost effectiveness.
• Production processes are not interrupted.
• Effective and fast integration to the management systems.

Advantages for Regulators and law enforcement

• Access to information in real time about medicines.
• It allows to verify the status, conditions, composition and origin of the products.
• The registration in the blockchain prevents the occurrence of human action errors.
• Secure and immediate access to a product registry.

Governments / Ministries of Health

• It provides a total vision of the medicines that are distributed in the territory.
• Control and efficiency in the spending of state subsidies in health matters.
• Allows financial and / or budgetary forecasting.
• Control of expense and waste due to the responsibility of government agencies.
• It implies a real transparency of the finances of the state in the health sector.

Retailers and consumers

• Security in knowing the origin of pharmaceutical products.
• Raise the confidence of acquiring medications online.
• Reduction of the risk of acquiring fake products.
• Easy to certify products as genuine.

Easy way to understand Farmatrust token

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How the token system works

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Ecosystem

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Here we see how clients can interact and participate within the Farmatrust ecosystem.

Farmatrust in the supply chain

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Conformation of the Farmatrust ecosystem where each of the stages is involved, from manufacturing, including the supply chain to the consumer's hands.

Who are behind Farmatrust?

Team

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Advisors

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More Information & Resources:

FarmaTrust Website
FarmaTrust WhitePaper
FarmaTrust Telegram
FarmaTrust Reddit
FarmaTrust BitcoinTalk
FarmaTrust Twitter
FarmaTrust Facebook
FarmaTrust Linkedin
FarmaTrust Medium
FarmaTrust Instagram
FarmaTrust CEO Interview
Post Orginalworks contest

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