FarmaTrust is a web-based, peer to peer platform designed to keep an immutable record of every legitimate drug ever produced, using Blockchain technology and an Artificial Intelligence (AI) enabled code (Zoi). Its aim is to effectively prevent counterfeit drugs from getting into the supply chain, thereby, largely preventing death and suffering of patients anywhere in the world. FarmaTrust is trying to do is to combine the blockchain and AI to create basically international tracking system for medicines and kind of revolutionize the health care industry. What FarmaTrust is all about is basically an official global tracking system which provides security to pharmaceutical companies, government’s regulators and the public. A network of pharmaceutical brands, contract manufacturers and suppliers, logistics and shipping companies, wholesalers, distributors, pharmacies and hospitals will be created by the FarmaTrust platform which will then become a trusted system to ensure that medicines and other related products are genuine. In the final step of the process, the consumer is allowed to use the FarmaTrust mobile app with a QR code scanner to verify the authenticity of the product.
The technology behind Bitcoin, referred to as Blockchain, was established as a large cross-business transaction ledger without the need for control by any single entity. This "distributed ledger" ultimately reduces and in some cases avoids the need for complex and costly relationships and system integration necessary to provide the integrity and trustworthiness of transactions across business entities that traditionally require third party intermediaries.
Blockchains are hard to hack, their data is cryptographically safe so the costs associated with brute force attacks are so excessive that such attacks are totally useless. They also keep data against losses because they are distributed and continue to maintain their integrity. Access and change can also be monitored and stored continuously so that changes made to Blockchain can be traced forever in Blockchain itself. We believe Blockchain will do it have a major impact on the pharmaceutical industry, including:
Access: Blockchain is an open network whereby anyone can add blocks or review the entire blockchain from the beginning of the Genesis block to its destination.
Trust: Individuals and pharmaceutical companies alike can trust each to transfer valuable information such as serial numbers knowing that Blockchain stores cryptographic cryptographic information.
Redundancy: Blockchain is like a big book where information is replicated across servers around the world, so there's no single point of failure.
Anonymity: Persons and companies may exchange information anonymously.
Real Time Capability: Blocks can be fixed and added to Blockchain in the near future.
Security: Strong cryptographic algorithms keep information secure. Blockchain is an open network where anyone can add blocks or review the entire blockchain from the beginning of the Genesis block to its destination.
Decentralization: With no blockchain central authority managing data; everyone keeps a copy of his information.
Adopting the FarmaTrust platform promises a lot of benefits which include saving lives, infrastructure infallibility, immutability of records, potential for personalized medicine, increase in efficiencies with artificial intelligence in the supply chain, data lead, ease of use- SMS/Voice Verification.
FarmaTrust architecture layer:
Mobile App / Mobile Business APIs
Main TDE: The main TDE will commence in the first week of March, 2018. The price of the token during the main TDE is set at ETH 0.00010870 per token. Participants will have to enter their details on a whitelist. The whitelist application and submission processes will run from 15th January, 2018 to 23rd February, 2018.
FarmaTrust will issue holder tokens with the symbol FTC. The FTC tokens are based on Ethereum ERC 223 token standard. The Token Distribution Event (TDE) of FTC tokens along with the accompanying token creation is organized around smart contracts running on Ethereum
For more information visit the links below
Website: https://www.farmatrust.com
Whitepaper: https://www.farmatrust.com/wp-content/uploads/2017/12/FarmaTrust-WP041217_v1.23.pdf
Facebook: https://www.facebook.com/farmatrustchain
Twitter: https://twitter.com/FarmaTrust
LinkedIn: https://www.linkedin.com/company/24797056/
Reddit: https://www.reddit.com/user/FarmaTrust/
Telegram: https://t.me/farmatrust
Ann-thread: https://bitcointalk.org/index.php?topic=2496382
Author: Johnabajo
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1558264
ETH Address: 0x13f02ba6acdea755c5ec725232908af5329882c6
