PROFILE

  • Company Name: FarmaTrust
  • Country of Origin: United Kingdom
  • Industry: Pharmaceutical
  • Concept Short Description: FarmaTrust uses the blockchain to allow easy monitoring of drug products from the point of manufacture to the point of consumption.
  • Description: FarmaTrust uses the blockchain to allow easy monitoring of drug products from the point of manufacture to the point of consumption. Our aim is to create a network between the pharmaceutical companies, logistic providers, hospitals, and pharmacies to have an integrated worldwide system so data can be trusted, shared, analysed, thereby saving lives and creating efficiencies. Incorporating AI and machine learning will also allow FarmaTrust to provide value added services.

    What are the problems FarmaTrust solves?
    Eliminating counterfeit drugs and save livesEliminate wasted drugs through expiry dates or environmental conditionsProvide transparency and visibility to governmental, NGOs and commercial operationsUtilise innovative technologies

    What are the industry numbers?
    Pharmaceutical industry is worth         $1.2trn and expanding Pharmaceutical industry will be worth    $1.5trn by 2021
    Counterfeit Drugs industry is worth     $200bn
    Online pharmacy industry is worth     $75bn
    Supply Chain Management industry is    $80bn
    Pharmaceutical Cold Chain Logistics is      $13.4bn
    Pharmaceutical R & D            $149.8bn
    Pharma Returns Fraud case, in one instance $300m, in another $180m by one company
    Expired drugs estimated at approx        $6-10bn pa (USA)
    Waste through storage             $2bn (USA)

    What is the FarmaTrust objective?
    Create easily accessible data from Supply Chain Participants in the Pharmaceutical industry and thereby:
    Save lives globally by eliminating counterfeit drugs;
    Prevent price spikes through even global distribution of drugs;
    Use predictive AI to ensure drugs are delivered “just in time”, to the right place;
    Use machine learning to find greater efficiencies in SCM and routes to market;
    Reduce corruption in the supply of drugs by ensuring drugs go where they are meant to (no diversions)
    Use smart contracts to assist in automatic audit
    Use smart contracts to make automatic tax payments
    Use smart contracts to make automatic payments Provide data dashboards to Ministry of Health, Regulators and Pharmaceutical companies

    How does it work?
    FarmaTrust uses blockchain to track pharmaceutical drugs from the point of manufacture until the point of consumption by working with unique labeling or smart Rifid labeling or  similar tags
    FarmaTrust is technology neutral, so will work with any legacy system that the SCM participants my use
    In certain countries where technology solutions are not available, then FarmaTrust provides smartphone Apps to collect data from customs authorities, logistics providers, pharmacies and hospitals.

    The FTC Token
    FT utility token has the primary use is to track the billions of medicinal packets in circulation throughout the world.The economy is designed upon a holder token, that mints the utility tokens per x period ( weekly ) with an growth amount per quarter to encourage holding.

    Why is FarmaTrust Different?
    It uses blockchain technology so has immutable records unlike Cloud based systems
    It can be easily scaled, globally
    It works with legacy systems (hardware and software neutral)
    It works in parallel with existing systems  - no additional costs
    It is blockchain platform neutralIt works in both Emerging and Developed markets (it uses smartphone apps in Emerging markets)It provides services to companies as well as the consumer (consumer app)
    It uses AI and machine learn to provide value added services to companies, governments and NGOs

    Token terms
    The token does not stand for any form of ownership in FarmaTrust, not does it entitle the holder to any form of financial payment from the company.

    Token distribution:
    60% Crowd Sale
    10% FarmaTrust Team
    10% Incentives and retention
    10% Advisors
    5% Marketing
    5% FarmaTrust operational

    Token Fund usage:
    40% Technology and Product Development
    10% Security10% Marketing
    10% Business Development
    10% Audit and Compliance
    10% Accounting
    5% Overhead
    5% Legal

    During the Token Distribution only Eth is accepted as payment currency.

TOKEN SALE

  • Crowdsale Open Date:
    February 15 2018 @ 12:00 pm
  • Crowdsale Close Date:
    March 15 2018 @ 12:00 pm

  • Accepted Contribution Methods
  • Ethereum

TOKEN DETAILS

  • Token Name: Farmatrust holder token
  • Token Symbol: FTC
  • Blockchain Technology: Ethereum
  • Total Token Supply: 1,000,000,000
  • Crowdsale Token Allocation: 600,000,000

VIDEOS

Youtube

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CORE TEAM

Anhony St John

Chairman

Raja Sharif

CEO

Peter Bryant

COO

David Allen Cohen

Chief Technical Advisor

Shahnawaz Aziz

CTO

Steve Mcavoy

Head of Implementation

Sinan Djevdet

Developer

Eszter Bohus

Head of Global Brand & Markcomms

ADVISORS

Stephen Cole

Media and communication advisor

TOKEN SALE

  • Crowdsale Open Date:
    February 15 2018 @ 12:00 pm
  • Crowdsale Close Date:
    March 15 2018 @ 12:00 pm

  • Accepted Contribution Methods
  • Ethereum

TOKEN DETAILS

  • Token Name: Farmatrust holder token
  • Token Symbol: FTC
  • Blockchain Technology: Ethereum
  • Total Token Supply: 1,000,000,000
  • Crowdsale Token Allocation: 600,000,000

VIDEOS

Youtube

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