The
fact that life and health of society needs to be preserved cannot be
over-emphasized. This gives a big welcome to the pharmaceutical industry which
is a key sector in achieving this aim. Research reveals that the pharmaceutical
industry is a USD 1trillion industry and it generates some of the highest
profits among all the commercial sectors. The tremendous growth of mobile
communication technology (both traditional and smart), has given rise to many
industries providing online services. The pharmaceutical industry is not left
out. A pharmacy which operates over the internet and sends orders to buyers
through mail or shipping companies is referred to as online, internet or
mail-order pharmacy. Despite the efforts of regulating bodies, it is no longer
news that fraudulent gangs have infiltrated this delicate industry in their
numbers and are churning out ineffective, substandard and even dangerous
drugs/medications which end up killing people in their thousands in different
parts of the world. The case is even worse with online pharmacies due to the
fact that these pharmacies are virtual and therefore, difficult to regulate.
Musing over these problems as a curious investor, led me to discovering a
platform that is geared towards addressing this worldwide challenge at https://www.farmatrust.com/
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. Recent
inventions such as tamper-proof and/or holographic labels and unique serial
numbers are not sufficiently effective. The brain behind FarmaTrust is to track
pharmaceuticals through a supply chain that links digital systems to
pharmaceuticals moving in the physical world. 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 diagram below shows
the flow. (figure 4)
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. To obtain
detailed information about FarmaTrust ant its accoutrements, feel free to
download the ‘White Paper’ at https://www.farmatrust.com/wp-content/uploads/2017/12/FarmaTrust-WP041217_v1.23.pdf
An
Initial Coin Offering (ICO) is being issued out by FarmaTrust to the public in
order to give room for interested investors to invest in the funding of
FarmaTrust operations and development, and get returns. 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. (token distribution diagram).
Investors
interested in supporting the development of FarmaTrust can do so by sending
Ether to the designated address. As soon as the entire TDE, which will follow a
private pre-sale is completed successfully, tokens will become transferable.
The main Toke Distribution Event will be completed by march/April 2018 or as
otherwise scheduled by the management of FarmaTrust. To guarantee the most
efficient distribution of tokens, FarmaTrust will be offering FTC tokens in two
phases.
Pre-sale:
Pre-sale opens on the
15th of December, 2017 and will close as soon as all offered tokens
are sold or on a date before the TDE as will be announced by FarmaTrust. At the
pre-sale, a limited amount of token of 66,666,667FTC will be offered at a token
price set at ETH0.00006522 per token, which is about a 40% discount on the
price that is set for the main TDE. The minimum contribution level is set at
ETH 25. Participants interested in the pre-sale must e-mail their name, address
and ETH amount to presale@farmatrust.com.
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. Obtain more information on the main TDE in the ‘White Paper’. Don’t
hesitate to take hold of this wonderful opportunity!
FOR MORE INFORMATION VISIT
AUTHORED BY
Comments
Post a Comment