The discovery of drugs in our world was indeed a great feat meant to combat the myriads of illnesses from minor ones like flu down to terminal diseases, caused by nature or man himself. In this modern times, plant concoctions and brews which were used in ancient times have been replaced by pills and syrups which are easier to administer, consume, store and even transport.

However, the supply of these drugs is a complex process. Drugs are made from ingredients obtained from various countries, final formulations, packaging and repackaging as well as distribution and sales could happen in different countries entirely. From the manufacturer, the drug goes through a lot of hands before it gets to the final consumer which is the patient.

Along this chain, there is a high possibility for drugs to get falsified or manipulated thereby affecting the quality of the drug consumed by the consumer. In addition, these drugs are expensive especially the drugs for managing terminal illnesses such as cancer. Fraudsters take advantage of these problems to cheat innocent patients and their caregivers by supplying manipulated drugs at slightly lower prices. Some even sell those at the same exorbitant prices. We all know someone who has died from the consumption of fake drugs. Deaths that could have been prevented if a system was available to check the authenticity of those drugs. This is where FarmaTrust comes in.

**What is Farmatrust? **

FarmaTrust is a fast, scalable and secure blockchain-based information exchange platform that automates end-to-end tracking of genuine medical products across the pharmaceutical supply chain. This platform uses Artificial intelligence and big data analysis to provide a secure source of data which allows for tracking of serialised products across the supply chain in accordance with track and trace regulatory requirements. This is achieved through a secure RESTful API interface that integrates with existing supply chain management systems to securely share information about genuine drugs going through the pharmaceutical supply chain.

This platform provides an effective global data verification system which ensures transparency, efficiency and immutability for the recording of all activities from the point of manufacture down to the last consumer.

FarmaTrust integrates blockchain technology through the Zoi system to prevent fake and counterfeit drugs from entering the pharmaceutical market undetected. A unique digital token is used to reference every Serialized Product Key from point of manufacture to point of sale. The system monitors every stage in the supply chain ensuring transparency and compliance with regulatory requirements.



What are the advantages offered by FarmaTrust?

To their various clients, FarmaTrust has various advantages;

For Pharmaceutical companies.

The FarmaTrust system offers a cost effective way to meet track and trace regulations with little or no disruption to existing systems and provides data transparency across the supply chain. There would be low maintenance and overhead costs required using this system. FarmaTrust also provides value added services such as predictive supply services which includes giving information on which drugs to supply as well as where and what quantities are required.

For Consumers

FarmaTrust has two major advantages for the consumer. The first is minimization of cost of drugs, drugs which were formerly expensive due to extra administrative costs incurred through the supply chain would be reduced using the platform.

Secondly, there is reduced risk of buying fake or counterfeit drugs either online or from a retailer. There is increased confidence as these products can be verified fast to ascertain their source.

Retailers

They are more confident of the source of pharmaceutical products obtained due to the verification system provided by FarmaTrust.

Government and government agencies

Farmatrust ensures judicious disbursement of funds. In in many countries, the government subsidizes drugs for citizens so with FarmaTrust, the government is sure her money is spent on genuine products for its citizens. There would be transparency with respect to finances disbursed to the healthcare sector as well as effective budget planning.

Law enforcement and regulatory bodies

FarmTrust is a fast and easy method to verify genuine pharmaceutical products and also gives easy access to information about the operations of pharmaceutical companies and their products as well as their activities, making it easy to regulate and ensure compliance with regulations and laws. They would also be able to verify the authenticity of products easily without stress as well as have access to the product history.

Supply chain companies

FarmaTrust is not only easy, quick and cost effective to implement, it also integrates with the existing supply chain management systems without disruption to the system and processes. It also ensures confidential Zero-knowledge proof mean data. FarmaTrust is flexible, scalable and big enough to take care of complex supply chain workflows.

FarmaTrust Token Model

The FTT token is the publicly tradable digital asset enables users to access and participate in the Zoi ecosystem. The diagrams below explains more about the FarmaTrust Token ecosystem.





Undeniably, it is a fact that FarmaTrust is the first pharmaceutical tracking system of its kind that is flawless and is based on the ever developing blockchain. This is the solution to combat the supply of counterfeit drugs across the globe. FarmaTrust is the system to trust.

For more information, visit their website here

This article is my entry for the originalworks sponsored writing contest. farma2018