FarmaTrust's Impact in Destroying Counterfeit Drugs - FarmaTrust Saves, FarmaTrust Cares

in blockchain •  7 years ago  (edited)


Medicines are produced to treat diseases but what will you do if the one you think could cure you would actually be the reason for your loss here in this world?
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We humans must always be cautious of the medicines that we are taking. We must ensure that it is safe and in order to do that there's a lot of factors to be considered and one of it is the authenticity of the drug. Counterfeit/Fraud/Fake drugs are being widespread in the market today and they can even be purchased online and the most alarming part is that many consumers are unknowably using these products. I think this is really considered dangerous because these drugs might not undergo a proper pharmaceutical process or didn't even bother to follow the legal requirements of producing a drug.

Counterfeiters are really good at forging medicinal drugs. They do well in making "copy-cat" medicines from well-known pharmaceutical companies and manufacturers. People behind this act can actually be considered as criminals in the society because they have killed millions of people across the globe. They are only after the profit and doesn't really care about the safety of the people.

Good thing blockchain is slowly introducing its entry in the pharmaceutical industry which is of great help I must say. Through this, data that is being entered and recorded can be shared from one health organization to the other which makes it harder or impossible to falsify datas that are in the system.

I have here 4 emerging applications of blockchain in Pharmaceutical Industry cited at Drug Patent Watch

  • Making Clinical Trials Faster, More Trusted and Effective
  • Improving Compliance and Traceability in Pharmaceutical Supply Chains
  • Creating Smart Contracts
  • Proof-of-Adherence
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    It is where FarmaTrust came into the picture. It is powered by blockchain technology which makes it easy to track all drugs and it also allows customers to buy drugs online. So why stick to fake online pharmacies when FarmaTrust is just within your reach. With its mission, "to become the provinance system of choice for the pharmaceutical chain, by providing an effective and global data verification and coordination layer which enables greater transparency, efficiency, and immutability for the recording of all activities across the supply chain- from the point of manufacturer to the end-consumer", rest assured that the happy days of this counterfeiters will be put to an end soon.

Common Pharmaceutical Supply Chain

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FarmaTrust Supply Chain Ecosystem Engagement

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As you can see in the photos above, FarmaTrust model for pharmaceutical supply chain is more detailed and secured. It offers a much more improve pharmaceutical supply chain which enables customers, healthcare professionals/providers, pharmaceutical industries and manufacturers to acquire safer drugs and lessens the circulation of the fake drugs in the market.

FarmaTrust will be releasing FTT tokens too which is a publicly tradeable asset that allows the user to get involved in the ZOI ecosystem.

Here is How the FTT Token Model Works

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To know more about FarmaTrust, I recommend you to read the FarmaTrust WhitePaper.



FarmaTrust can be reached through this available platforms


farma2018


FarmaTrust sponsored this writing contest through @originalworks, for more details check it here


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I'm a member of the Gratefulvibes Community

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