Counterfeit medicines and medical devices appear everywhere. With sales ranging from €150 billion to €200 billion (US$163 billion to $217 billion) per year, according to industry estimates, counterfeit pharmaceuticals are the most lucrative sector of the global trade in illegally copied goods. The World Health Organization (WHO) estimates that counterfeits account for between 15% - 30% overall in developing countries, while in industrialized countries the figure is still around 1% in the legitimate supply chain (wholesalers, pharmacies and hospitals). Fraudulent drugs harm or kill millions around the world and inflict serious damage on the brand names and bottom lines of major pharmaceutical manufacturers.
Meanwhile, the pharmaceutical supply chain is one of the complex supply chains in the world. Mostly, they are under-utilized, inefficient and ill-equipped to cope with the sort of products coming down the pipeline. In order to meet the demands of a fast evolving marketplace and the shift from patient to outcome, the pharma supply chain will need to undergo a radical overhaul.
Introducing Trade Pharma Network! Trade Pharma Network is a trading service with a European Union license and a global pharmaceutical industry oriented marketplace for purchasers and sellers making everyday operations with pharmaceutical products. Trade Pharma Network aims to solve the existing problem of pharmaceutical globally, by creating a trustworthy and innovative pharma-centric marketplace and to prepare the future of pharmaceutical with a different vision based on cutting-edge technologies such as AI, Blockchain, 3D printing and IoT as well.
Leveraging Blockchain technology and utilizes Artifical Intelligence Powered Match-Making driven platform, Trade Pharma Networks mission is not only to help pharmaceutical & healthcare businesses to trade pharmaceuticals safely and efficiently, but also to build transparency & trust inherent in the process in their goods & supply chain to prevent counterfeiting of medicines.
Powered by artificial intelligence driven platform that utilizes impressive AI algorithms, it may be just the right option to enable efficient search & digital matchmaking between major participants. Meanwhile, the blockchain solutions allow the network to provide a digital report on every pharmaceutical product, which makes it possible for clients to track and authenticate medication’s origin and characteristics to successfully counter forged pharmaceutical products, both in Europe and globally.
The platform as well offers a large set of services that improve info exchange, cooperation and transactions between pharmaceutical industry agents and healthcare providers. The services described as follows:
- Pharma IoT (Internet of Thing): Manufacturing and supply chain management via IoT & Sensor adoption and serialization and Aggregation.
- Printed Drugs: Additive Manufacturing using 3D drug printing technology.
- Pharma Staffing: Online Tailored Outplacement to platform's Pharma & Healthcare Customers.
- Charity Causes: Fundraising for Healthcare related Charitable Causes Globally.
- Chatbot and Virtual Assistant: Managing the entire marketplace by the most powerful AI in the world that structures natural language in order to then analyze it and act on it for an optimal customer experience.
- Crypto Exchange: Payments & cryptocurrency exchange performing Atomic Swaps Off-Chain via a Second Layer Solution to Scalability.
In Addition, Trade Pharma Network will be minting 1 Billion total tokens (token symbol: TXP), each TXP token priced at $0.07 with a starting circulating supply of 500 Million TXP (50% of the total token) at the completion of the ICO. This number will be subject to future change based on the amount of growth Pool tokens released per annum. The TXP token wil be distributed in the following manner:
- Growth pool, operations, Marketing, Team 35%
- Held by TXP 25%
- (Pre)TGE, Referral, Bounty 25%
- Trade Pharma Network Team 15%
For more information about Trade Pharma Network, you can visit the company Website at: https://www.tradepharma.network/, or check their lightpaper page at: https://www.tradepharma.network/lightpaper. For now, Trade Pharma Network is still working for present their Whitepaper page online at: https://www.tradepharma.network/whitepaper.
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