Nowadays almost everyone already heard about Bitcoin, the decentralized secure and transparent currency, that exists thanks to blockchain technology. And while some may call cryptocurrency's value and future into a question, there is no doubt that blockchain technology is an innovative idea and it will do much more, then just improving the current financial system. So, let me draw your attention to the problem which can and must be solved in the near future.

The Problem

Did you know that falsified drugs lead to death from 120 000 to 1 000 000 people annually? I'm sure almost everyone will agree that it's horrible to recognize that industry called to saved lives may cause peoples' death... Considering this fact it's not even strange to hear that people don't trust drugs and even scare them.

It's clear that operating systems and regulatory bodies are not effective enough, moreover, they cause costs, which subsequently affect the final price of the drugs. I don't think that people, who could afford the expensive drugs were accounted for in the statistics above. So, we can say, that the harm from fraud in this industry is much more.

What is FarmaTrust?

Ok, if you still didn't guess :) ...

FarmaTrust is an awesome project, which is going to use blockchain technology to store and verify drugs' data. Due to the security and immutability of the blockchain, it will completely exclude fraud and but at the same time will cost much less due to its transparency.

Everything works pretty simply. Data will be stored on FarmaTrust's blockchain immediately after production and will be updated by the time. So that customers, doctors, pharmaceutical companies, everyone will be able to track and verify every package later.

FTT & ZOI Tokens

FarmaTrust blockchain will be powered by FTT and ZOI tokens. FTT is a security token, which may be traded or staked to receive ZOI tokens. The ZOI tokens are the internal currency of Zoi platform, which will be used to pay for FarmaTrust services.

So speaking briefly, FarmaTrust's goal is to solve drugs' fraud and cost problems using the blockchain technology. And though it sounds simple, I don't think anyone will argue that it's useful and noble.

Thanks for reading, commenting and upvoting :)

If I could rise some interest to the project, check out some useful link also.

Some Useful Liks:

farma2018