FarmaTrust Review
Hello!, I hope you are having a great day. I made this post to review and talk about FarmaTrust as a way of participating in the writing contest organized by @originalworks and sponsored by FarmaTrust. You can check out the contest here
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What is FarmaTrust
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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.
FarmaTrust has created a platform which eliminates counterfeit drugs, creates efficiencies in the pharmaceutical industry, and allows the purchase of genuine drugs anywhere and online.
FarmaTrust is set to achieve its aim by using modern technologies that are already existing. Modern technologies here include Blockchain technology, Big Data, Artificial intelligence and a few others.
Dangers Of Counterfeit Drugs
Counterfeit drugs may cause:
Sight effects
Allergic reactions
Gastrointestinal disturbances like nausea, vomiting and diarrhoea.
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How To Identify Counterfeit Drugs
Packaging: This should be clean, in good condition, and free of spelling mistakes or grammatical errors.
Expiry date: The manufacturing and expiry dates should be valid and the details on the outer packaging should match that on the inner packaging.
Patient information leaflets: The information leaflet should be in the language it was advertised.
Medicine condition: The medicine should look correct (a description will be available in the info leaflet). It shouldn’t be discoloured or degraded (e.g. chipped or cracked tablets), and it shouldn’t have an unusual taste or smell.
The dosage: This shouldn’t be different to another unit of the same brand, or from your doctor’s prescription.
Security seals: These should be intact, with no signs of tampering.
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How Will FarmaTrust Help In Exposing And Preventing The Purchase/Use Of Counterfeit Drugs?
FarmaTrust has created a blockchain to securely trace the supply and existence of pharmaceutical products across all pharmaceutical networks worldwide.
FarmaTrust has created a token (FarmTrust Compliance Product tracking token) to digitally track genuine products that have been packed with unique Serialized Product Keys
What Are The Benefits Of Blockchain Technology In Pharmaceutical Industry?
Drug supply chain source and integrity.
Smooth health data exchange and interoperability
Transparent billing management.
Information asymmetry and abnormal returns in pharmaceutical R&D
Tracking fake drugs and companies that produce them
How Can FarmaTrust Be Of Help To Individuals, Companies, And Nations?
FarmaTrust provides a better means of getting access to the services and operations of pharmaceutical companies such as their drugs and activities.
FarmaTrust permits and enables budget forecasting towards the purchase and selling of drugs.
FarmaTrust will help reduce buying and selling of fake drugs.
FarmaTrust will have help people gain back the lost confident in purchasing pharmaceutical products online.
FarmaTrust Tokens (FTT) And ZOI Tokens.
FarmaTrust will issue tokens known as FarmaTrust Tokens (FTT). FTT can be publicly traded in digital exchanges or staked to ZOI tokens which can only be traded on the ZOI ecosystem. The ZOI tokens are what is used to create the Compliance Tracking tokens used in tracking serialized product keys of products as mentioned above. The compliance tracking tokens are burn once the product is sold or when the product is destroyed. More info about this can be gotten on page 7 of the FarmaTrust Whitepaper
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FarmaTrust ICO And Token Distribution
FarmaTrust ICO will commence on the 1st of June 2018 source. FTT is an ERC-20 token with a maximum supply of 1 billion tokens and 600 million tokens will be available during the token sale at a price of $0.05 per token.
FarmaTrust Team
The FarmaTrust team is headed by Raja Sharif, a highly talented and experienced Blockchain enthusiasts. The team is also made up well experienced and reputable staffs which you can check out the credentials on the FarmaTrust Website.
Check out Raja Sharif's interview with Business Reporter hosted by Telegraph and his interview with Bloomberg Tv Mongolia
FarmaTrust has many social media platforms through which anyone can follow up their activities. These are:
For more Inquiries: [email protected]
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