Advances in information and communication technologies and developments in new management understanding
has made the supply chain even more important nowadays. Continually increasing and
activities within the supply chain of companies with varying competitive conditions
making them impossible on their own and making them specialized in these activities impossible.
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. Our Blockchain based system utilises Artificial Intelligence and big data analysis to provide the pharmaceutical industry with value added services which allow for more efficient processes and methods as well as a more transparent supply chain. Our system is safe, secure, encrypted and immutable.
One of the most pressing challenges we face as a result of the globalization of health services over the years is to ensure the integrity and safety of the drug supply chain. Fake and dangerous versions of drugs are illegally sold to international organizations, weakening private and public investments made by threatening patient safety and public health. The scope of illegal international trade is very broad and complex.Despite these known hazards to public health, it has been seen that in the reports compiled by public and private stakeholders (including regulatory agencies, manufacturers and customs authorities), the sale, distribution and use of fake, misleading, illegal drugs continued under standards. The acceleration of globalization, the financial, physical and technological infrastructure of countries, economic conditions, cultural differences, increasing expectations in service quality, customer demands, competition competition, developments in information and communication technologies, restructuring of organizations, partnerships and strategic partnerships have led to changes in the business world. In developed countries with universal social security coverage, everyone has access to qualified medical care, preventive programs and balanced nutrition. This is not true for developing countries and developed countries with a market health system. 90% of the world’s population lives in such «non-ideal» conditions.
HOW DOES IT WORK
The main purpose of supply chain management is to ensure that products are time, in the right place and in the desired amount to be found, to reduce costs, to gain competitive advantage and to increase the added value of products in the supply chain process to create a strategic power to increase. FarmaTrust’s Zoi provides a secure, interoperable and immutable source of data which allows for tracking of serialised products across an unbroken chain of custody throughout the supply chain. By integrating blockchain technology with big data machine learning and intelligent business logic, the Zoi system helps prevent fake and counterfeit medicines from easily entering the consumer market undetected. In addition, FarmaTrust can provide value-added services such as predictive supplies and the most efficient routes to
market.
WHAT CONSUMERS WANT
People understand more and more about health issues, they are interested in avoiding illness or finding treatment for themselves and their beloved ones. Faced with the disease, some of them look for scientific and popular publications on the internet, and try to apply the information they find. Individuals can now become centers for collecting and analyzing health information for themselves and their families. They can make decisions about choosing a doctor, a consultant, the method of diagnosis and treatment, the timing of the beginning and completion of therapy. They can manage their health and their lives.
FarmaTrust Token Model
FarmaTrust will issue FTT tokens (an ERC20 standard token). The erc20 defines a common list of rules to be followed for all ether tokens. ie, this token allows any developer to accurately predict how new tokens will work in the larger ether system. The FTT token is the publicly tradable digital asset that allows all users to access and participate in the Zoi ecosystem.
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