You could soon live to the age of a 100.
Healthcare has witnessed advancements that have allowed human life expectancy rates to rise by several fold all across the world. The pharmaceutical industry is rapidly developing life-saving drugs and medications that improve the everyday health of individuals. Consequently, the human life expectancy rate is likely to continue its positive trend. However, while much of the progress is owed to the development of life-saving drugs, flaws in the proper delivery of the drugs serve as a fatal hinderance.
The full potential of the global healthcare standards that are possible are not attained simply due to undeveloped supply chain technology serving the pharmaceutical industry. In fact, the current systems' inability to weed out fake drugs acts as a major cause of death. Additionally, the industry's delivery inefficiencies can create dangerous delays in the delivery of life-saving drugs. It is imperative that an industry this important adopts a new age of supply chain and delivery protocol to ensure valuable lives aren't lost simply due to the flaws of the current drug distribution system.
Better Drug Distribution
We now possess the technology that can provide a drug distribution system free of the major flaws present in the current system. FarmaTrust is capturing the opportunity to leverage blockchain and AI technology to create the most advanced drug distribution network ever.
FarmaTrust reaches into every step of the drug supply chain and brings in an active involvement from the manufacturers and transporters to the retailers and consumers. The service begins its impact once a drug leaves the manufacturing facility as its authenticity is recorded on the blockchain and made verifiable with a bar code or QR code placed on the package. Each step of its journey is similarly recorded on the blockchain and for good reason: consumers will be provided an application to scan the drug's tracker, thereby empowering them to independently verify the authenticity of a drug, its source, and its transport history.
Beyond Authenticity
FarmaTrust is prepared to be a singular solution for the drug distribution market. The company's development will utilize AI, allowing it to utilize blockchain for more than just an authenticity check. FarmaTrust aims to help companies resolve inefficiencies in the delivery system. The compound usage of AI and blockchain allows for an era of automated supply chain solutions for the drug industry.
The integration of artificial intelligence would eventually allow for proactive detection of any inefficiencies in the supply chain. This would then involve the utilization of blockchain; the development of smart contracts that could automate the solution of efficiency flaws. FarmaTrust is paving the way for a smart economy in the drug distribution market.
FarmaTrust Essential Links
🌐 Website: http://www.farmatrust.com/
💡 Whitepaper: http://www.farmatrust.com/FarmaTrust-WP.pdf
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2496382
💻 Telegram: https://t.me/farmatrust
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