FarmaTrust

Using Blockchain and Artificial Intelligence to save lives and create efficiencies

[youtube https://www.youtube.com/watch?v=FhmO2tnLoE8?rel=0&w=560&h=315]

Ended

2018/02/15 - 2018/03/31
ICO
FarmaTrust
Token
FTT
PreICO Price
1 FTT = 0.00006522 ETH
Price
1 FTT = 0.0001087 ETH
Platform
Ethereum
Accepting
BCH, BTC, DASH, ETH, Fiat, LTC, XMR, XRP, ZEC
Bounties
Available
Bonus
Available
Min. investment
0.1 ETH
Country
United Kingdom

The pharmaceutical industry is critical for the preservation of life and health of society. It is a US$1 trillion industry, and generates some of the highest profits among all the commercial sectors. Despite the importance of this industry, it is currently struggling with numerous challenges as a result of criminal enterprises, ineffective stock control and lack of visibility of its supply chain. Major challenges for the pharmaceutical industry are currently:
• Proliferation of Counterfeit Drugs: Fake drugs result in the death of hundreds of thousands of individuals each year. As shown in this paper, organised crime has infiltrated the pharmaceutical sup ply chain because of high profits and lenient sentencing.
• Increase of Online/Digital Prescriptions : The increase in on-line purchases and the growing acceptability of “virtual p rescriptions” have made it far easier for counterfeiters to set up fake online pharmacies, with law enforcement agencies struggling to permanently shut them down.

• The Regulatory Environment: As threats to pharmaceutical company profitability are increasing, the regulatory burden is increasing as well, and the patent cliff is becoming more dangerous: The most profitable drugs will soon be produced by lower margin generic producers. Such dynamics affect the most vulnerable members of society – sick people fighting against cancer, HIV, malaria and other life-threatening diseases.
• Chain Inefficiencies : Such inefficiencies distort the price of medicines as well as reduce the R&D budgets of many pharmaceutical companies. Inefficient supply chain also means there are shortages in some countries and oversupply in others.
• Growing demand for ‘personalized’ medicines: The growing demand for ‘personalized’ medicines requires a secure, transparent and permission-less solution which is accepted globally. Such dynamics affect the most vulnerable members of society – sick people fighting against cancer, HIV, malaria, and other life-threatening diseases. As a result, FarmaTrust firmly believes and is confident in its ability to provide a uniform approach to solve these challenges faced by the pharma industry. Blockchain technology has the potential to fundamentally transform this industry, and will significantly help address these challenges. The advances in technology, the increase in the regulatory burden, and the need to reduce costs means that the industry is looking for a commercially sensible, global, regulatory and system neutral solution to the problems plaguing the industry. The FarmaTrust solution will revolutionize the pharmaceutical industry both in terms of costs and assurance. The customers will be provided with the guarantee that the vital medicines are genuine and, therefore, effective. With the advancement of Blockchain technologies as well as the developments in AI and encryption, FarmaTrust believes there is an international, cost effective, co-operative solution to solve the problems affecting the pharmaceutical industry.

Team Members

Lord Anthony St John of Blesto
Chairman

 

Raja Sharif
CEO

 

Peter Bryant
COO

 

Shahnawaz Aziz
CTO

 

Lord Anthony St John of Blesto
Chairman

 

Raja Sharif
CEO

 

Peter Bryant
COO

 

Shahnawaz Aziz
CTO

 

Advisors

Stephen Cole
Advisory Board Member

 

Chris Saynor
Advisory Board Member

 

Professor Timothy Mackey
Advisory Board Member

 

Kate Enright
Advisory Board Member

 

Peter MacLean
Advisory Board Member

 

Desmond Marshall
Advisory Board Member

 

George Han
Advisory Board Member

 

Stephen Cole
Advisory Board Member

 

Chris Saynor
Advisory Board Member

 

Professor Timothy Mackey
Advisory Board Member

 

Kate Enright
Advisory Board Member

 

Peter MacLean
Advisory Board Member

 

Desmond Marshall
Advisory Board Member

 

George Han
Advisory Board Member

 

February 2, 2014

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
May 2016
Identified the counterfeit drug problem
May 2016
Jun 2016
Research into blockchain
Jun 2016
Dec 2016
Developed first version
Dec 2016
Mar 2017
Working prototype available
Mar 2017
Mar 2018
Token Distribution Event
Mar 2018
Jun 2018
Alpha and Beta Testing
Jun 2018
Sep 2018
Publish to App Store and Google Play
Sep 2018