$ 3.925 -0.81%

FarmaTrust (FTT) Rank 42

Market Cap $1.35 B
Volume 24H 330486 FTT
Open 24H $3.957
Low/High $3.822 - $4.183
Compare to

Mkt.Cap $ 1.35 B Volume 24H 330,486.00 FTT
Market share 0.27% Total Supply 1000 M FTT
Proof type N/A Open $ 3.96
Low $ 3.82 High $ 4.18
Date Price Volume

Counterfeit Medicine Detection Using Blockchain and AI


Since there is a settled supply of FTT-creating tokens, as interest for the utility token develops, so will the interest for the holder tokens on the grounds that these are fundamental for the generation of utility tokens themselves. Once propelled, the FarmaTrust stage will permit clients worldwide to use the energy of blockchain and different advancements, for example, manmade brainpower to battle fake pharmaceutical. FarmaTrust tries to utilize blockchain and AI to not just dispose of fake solution and furthermore to robotize administrative consistence, programmed installments and make programmed reviews. They need to give "in the nick of time" conveyance of medications, in this manner forestalling value spikes in pharmaceuticals.

1) Pilot the elimination of the counterfeit drugs using advanced technologies such as Blockchain, Artificial Intelligence (AI) and Big data analysis, to save thousands of lives. The project will increase safety and transparency of the drug industry, tracing the pharmaceutical supply chain in Mongolia, as well as globally. In fact, FarmaTrust recently officially signed a partnership with the Mongolian government to prevent the creation and distribution of counterfeit drugs. The key to removing counterfeit drugs from the market is by tracking the pharmaceuticals through the entire supply chain from manufacturer to consumption.

During the presale, tokens will be sold at a 20% discount which will come to $0.08087 USD per FTT token. The presale will continue for a duration of 4 weeks or until 200,000,000 tokens are sold, whichever comes first. Since there is a fixed supply of FTT-generating tokens, as demand for the utility token grows, so will the demand for the holder tokens because these are essential for the production of utility tokens themselves.

FarmaTrust description

Mobu is a decentralised platform and end-to-end solution for launching compliant security tokens - "The Future of Security tokens". CINDX shifts the paradigm of the current "manager-investor" relationship towards depersonalized fair-play solutions. While the industry suggests selecting a manager based on the average results of their trading, - CINDX provides full, transparent access to success and failure statistics for all Managers registered on the platform. And because everything is recorded on the CINDX blockchain - there are never any inaccurate values, creative accounting, or imposed accountancy. which can manage the assets in a complex structured universe via Orbis Coins.

FarmaTrust description

FarmaTrust FTT

FarmaTrust description

FarmaTrust is a platform that is used globally as a tracking system which provides security to the pharmaceutical companies, governments, regulators and the public. The Specialized Inspection Agency of Tuv Province is highly interesting in this new solution and technology to adopt for against the counterfeit drugs. Through the Feasibility Study, we will recommend necessary policy and rules to Mongolian government organizations for the national scale project.

FarmaTrust description

FarmaTrust

First, the ERC-20 PSK token that gives discounts an rewards withdrawal fees. Second, a KEY token that acknowledges the user’s initial investment.

FarmaTrustFarmaTrust Will Create a Network Within the Supply Chain

The system accounts for international regulations and complies with them. It also provides data security for both the public and corporations. Using appropriate architecture components from our enterprise platform FarmaTrust system is scalable, flexible and modular and can operate between different systems between the production line and business departments.

FarmaTrust uses a combination of Blockchain, Artificial Intelligence, and hopes to generate completely automated systems useful to regulators, manufacturers, and users of medicinal drugs. Each of groups receives a different set of benefits, but the most important thing is that the end consumers are getting the intended product, 100% of the time. The world of pharmacological drugs is harboring an unseen danger, only noticeable once it is too late. Between 120k and 1 million people die every year because of innate supply chain weaknesses.

The pharmaceutical industry is valued at $1.3 trillion every year, with the supply chain mechanism valued at $80 billion and the counterfeit drugs industry at $200 billion. With so much money flowing through the industry on an annual basis, protections like those offered by FarmaTrust become necessary. FarmaTrust will also reduce the risk of fake medications, something that currently causes between 50,000 and a million people to die every year. With help from the blockchain and artificial intelligence, FarmaTrust hopes to do more than just get rid of counterfeit medicines.

It can be done with technologies which link physical products to the digital world, and this ensures that what reaches the patients are all authentic. FarmaTrust seeks to use blockchain and AI to not only eliminate counterfeit medicine and also to automate regulatory compliance, automatic payments and create automatic audits. They want to provide “just in time” delivery of drugs, thereby preventing price spikes in medicines. By the end of the first quarter for 2018, FarmaTrust will have extended the blockchain MVP, completed testing for speed and scale, expanded the product description, created the web app, and demonstrated the MVP. In the second quarter, the team will deploy the marketing and operations strategy, build the analytics service and AI, create a regulatory reporting module, and conduct alpha and beta testing, in addition to launching the mobile and wallet apps.

  • Thanh Hai Tran is co-founder & Chief Technology Officer, senior Director and CTO of Pypestream, former CTO of CNC Mobile labs, Umbala labs.
  • FarmaTrust is developing a web-based, peer-to-peer platform designed to keep an immutable record of every legitimate drug whose information is stored on the blockchain.
  • 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.
  • At launch, the platform will support a range of popular tokens and coins, as well as our own proprietary SBT token.
  • The pharmaceutical industry is valued at $1.3 trillion every year, with the supply chain mechanism valued at $80 billion and the counterfeit drugs industry at $200 billion.
  • Hung Viet Nguyen is co-founder & Chief Executive Officer, co-owned 2 companies in Vietnam and 5 startups.
FarmaTrust description

But there are still plenty of problems which occur when launching a security token. One of the main problems which arise when planning on launching a security token is the fact that it is a legal, regulatory and technical nightmare launching one. Furthermore, until now there is also no trusted competitive environment for ICO service providers to ensure lower pricing and better quality.

FarmaTrust description

Ikea Allows Use of Ethereum Blockchain for Invoice Payments

Yahoo also included FarmaTrust on its list of three startups that use blockchain tech to improve lives, touting all of its numerous benefits. LinkedIn has also published an article praising FarmaTrust as a perfect use case for the blockchain in healthcare. These are just a few examples of the praise FarmaTrust has already received.

Combining blockchain and AI to improve pharmaceutical supply chain efficiency and save lives. Transactions can be sent to the FarmaTrust blockchain via the FarmaTrust API. The API provides endpoints that correspond to a subset of the EPCIS core business vocabulary. It also includes a variety of other endpoints that enable chain-of-custody verification, batch EPCIS XML processing and product custody transfer. Now we have an enterprise solution to create a full network effect in the pharmaceutical industry fostering collaboration among various major players in the supply chain but at the same time protecting their competitive interests.

FarmaTrust description

Zoi will be able to create a network of pharmaceuticals, manufacturers, suppliers, shipping, logistics companies, wholesalers, distributors, pharmacies and hospitals. The network will become a credible source of ensuring that all products on the supply chain are authentic. Zoi is an distributed and interoperable supply chain exchange, designed to achieve just that. FarmaTrust already has a working version of Zoi and a raw prototype of the mobile app which goes with it. Blockchain provides a solution to this problem by offering an efficient, cheap and immutable supply chain system.

FarmaTrust Verify app

Fraudulent manufacturers pollute the supply chain with fake drugs, which can be deadly. There, you can participate in their FTT token sale and download the whitepaper. If you wish to interact with the community, join their Telegram channel. In the main sale, the tokens will be available at their full price of $0.

FarmaTrust description

Qtum, Stratis, Universa and soon Ethereum holders can unite in the Pool of Stake and start staking together. Pool of Stake aims to operate in all types of PoS blockchains- Smart Contract platforms or blockchains with a delegated mechanism. The main goal for Pool of Stake is to increase the profits for small coin holders by enabling a trusted environment to pool funds together.

FarmaTrust description

About FarmaTrust

Thanh Hai Tran is co-founder & Chief Technology Officer, senior Director and CTO of Pypestream, former CTO of CNC Mobile labs, Umbala labs. Thien Quang Nguyen is co-founder & Chief Products Officer cum Blockchain Technical Director, opening technology outsourcing company at the 3rd years. Dennis Poh Wei Song is co-founder & Chief Operation Officer, skilled in Accounting, Tax, Corporate Legal, Corporate Structure Advisory and Corporate Governance. Efosa Ighodaro is co-founder & Chief Operation Officer, involved in the Tech start-up scene in Dallas TX, experienced Forex trader of 10 years.

FarmaTrust has recruited David Allen Cohen to the position of Chief Technology Advisor. He is a co-founder of IOTAan the founder and chairman of dcntral, a blockchain-based cybersecurity company. He is also an advisor for the data structure and consensus algorithm Hashgraph. FarmaTrust has put together a strong team from both the world of blockchain and business. Raja has successfully managed a number of tech and media projects worldwide such as British Telecom and Al Jazeera and will bring this experience to the FarmaTrust team.

FarmaTrust description