Are you guys INSANE? FarmaTrust will never work! I know you were paid to review this, but you did not mention the broken, corrupt system the United States and the rest of the world use.
1.) A side affect of Free Market, is that many pharmaceutical companies can lobby the United States Government to monopolize drugs and allow the companies free rein to set their own prices. This is why insulin can be priced at $300, or even $900 at one point. I know friends that illegally purchase insulin to be able to survive from Canada, because they can't afford it in the United States.
2.)Also, Doctors, Hospitals, and Nurses cannot legally send medication even past it's expiration date(Still good medicine), because it is against the law. Perfectly good medication is thrown away. Creating a black market where fake drugs are counterfeited, because people need them to survive.
FarmaTrust has many legal, and political hurdles to cross.
- I'm ready for your rebuttal, bring on the comments :D *
To rebuttal your argument isn’t that difficult. Don’t get me wrong. Your statement is very good. It’s very true. I agree with it. I’ve been working in the medical field for 12 years now. It’s very sound.
The problem...?
It’s completely irrelevant to what this Blockchain is about. This is actually very much needed. This is a ledger system for tracking. This is about ensuring that the drugs being shipped from one facility to the next aren’t tampered.
Let me give you some examples of what I’m talking about:
Africa is having a breakout and needs medicine A. They reach out and a company in the U.K. sends them A. Somewhere between the U.K. and the doctors distributing the medicine you have medicine B(disguised as Med A). How do they tell? The medicine being sent will have stamps on the pill, color coding, shape, size, and other distinguishing factors. They may have released the pill with a certain stamp and unless a pseudo company has the time to create their new matching pill with that same stamp that is maybe generated by the company and only confirmed by a Blockchain then upon arrival they can enter the pills information, and the packaging information to get confirmation whether there has been some tampering. Is this fool proof? No.
Another way this could help. This one is where I can see its extreme usefulness in current situations. Doctors, hospitals, pharmacies and police are having to work harder and harder to crack down on abuse. Ranging from; pseudo drugs, fake or forged Rx’s, to confirmation of the Rx itself. Some clinics will manually send via encrypted email, fax, or another form of secure comms with an Rx Order. This can take 30 minutes to 3 hours. What if using block chain you can communicate the Rx safely, securely, fast, and efficiently?
So I’m sorry. I just got 8 minutes into the video too see what was originally being said. At first I upvoted you, but I had to take that vote away. I’m sorry your argument has nothing to do with this Blockchain. Albeit. It’s not wrong either.
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