“Find a problem and solve it” Is a remark I once heard a very successful businessman offer as advice, for people seeking an opportunity. It seems that FarmaTrust (FTT) understands this concept very well, with their development of a blockchain based protocol which ‘solves’ some major pharmacological logistic and safety problems.
They’re performing this worthy feat by developing the FarmaTrust decentralized, open ledger, data recording APP, geared specifically for the medical, pharmaceutical and patient interest. The transparent and immutable nature of the decentralized, blockchain platform allows immediate and secure access to critical data regarding drug manufacturing, through each logistical aspect, right up to delivery into the patient’s hand.
A Quick FarmaTrust Introductory Video Offered Below
Safety procedures of this nature set into place in the past, have proven rife with problematic concerns. The supply chain from start to finish has flaws that FarmaTrust recognizes and corrects. An idea that is long overdue, logistical solutions by FarmaTrust, is rising upon the horizon. Tracking data system integration, across all spectrum of the industry will be easily accessible by all interested parties.
Now, an analytical review of transport data will be more cost effective, by having all necessary details aggregated into a decentralized blockchain. All entries into a FarmaTrust ledger become permanently embedded, including any change along the way. Omissions by a single handler will be immediately apparent, justifying concern. The entire history of drug custody and control will be at your fingertips.
A FarmaTrust 'Use Case' Video
FarmaTrust (FTT) emerges as an extremely valuable tool for combating pilferage, alteration, counterfeiting and much more. If a problem with any product arises, the ability to pinpoint discrepancies and potentially discern its severity becomes an easier task. Data for an investigation will be there in total, and the cause, whether accidental, or purposeful can then be determined.
Corrective action needed can be implemented quickly and efficiently, in order to thwart similar problems in the future; saving time and money as well as assuring product safety. Product availability concerns will be eased by FarmaTrust’s precise global tracking data with the ability for it to be seamlessly integrated within an existing system.
A key component of the FarmaTrust platform is the unique identifying code assigned for a pharmaceutical at time of manufacture, then permanently imbedded into the blockchain. The chain of custody is directly tied to this identifying sequence, offering a complete and accurate provenance.
The FarmaTrust tracking data is stored within its secured system and readily available to medical professionals on their personal dashboard. Consumers can access FarmaTrust’s record of custody for end product authenticity, by downloading the APP for free.
FarmaTrust assigns an internal ZOI (compliance tracking) token to the product at the key point of manufacture, then upon final, recorded destination into the consumers hand, FarmaTrust burns the ZOI coin and issues their exchangeable FTT coin in its place.
In closing, FarmaTrust incorporates AI into the system in order to build upon itself through constant monitoring, analyzing and automatic corrections within the process. The time has come for replacing the old system of drug product logistics tracking, and replaced by a more modern, efficient and economical solution. FarmaTrust has diligently answered the call for change.
Disclaimer: I am not associated with FarmaTrust, nor am I a financial adviser. Always use caution when investing in 'any' cryptocurrency...Do your own research and vetting prior to risking any money.
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