FarmaTrust - The Future Of Pharmaceutics

A lot of fake products have found their way into the Nigerian markets. From fake processed foods to fake cosmetic products. Fake electrical appliances, fake shoes and clothing and even fake drugs. There is almost always just a fake of everything you can think of. With fake drugs although, the effects are adverse because it is a matter of one's health; life & death.

In 1995, in one of the western Nigerian States, an asthmatic patient acquired a counterfeit inhaler. This is one of the saddest occurrences depicting the effect of counterfeit drugs.
She had simply reached out for her inhaler when she had an attack only to discover that it was of no use. She tried her best to reach a hospital as soon as possible but passed out on the hospital porch and never regained consciousness.

Asthma wasn't the cause of her death, the counterfeit drug was. Like her, many have died from the scourge of fake drugs in this country.

Estimates put the number of counterfeit drug victims, resulting in death, are in the range of 120,000 to 1,000,000.
The estimated number of people that die due to counterfeit drugs is estimated to be in the range of 120,000 to 1,000,000 every year. These are individuals who are receiving the wrong, fake or simply dangerous drugs being misrepresented as a different drug.

Supply Chain Cost

Drugs are being sold in some parts of the world at three times production price. The price of drugs are tripled before reaching consumers all because of high supply chain costs. Companies in an effort to regain these monies are forced to push out these fees to the buyers causing the cost of these drugs to sky rocket.

Source: Pixabay

How Decentralization Brought By FarmaTrust Will Solve The Problem.

Decentralization in drug supply involves transfer of some if not all of the key supply functions: selection, quantification, procurement, quality assurance, storage, transport, information management, financial management, and so forth.

With FarmaTrust Block chain solution providing all of these, drug buyers can be able to track drug form manufacturing to shipping confirming the genuineness with the FarmaTrust App.

With these in place as well, FarmaTrust will be able to reduce Supply Chain costs significantly thus reducing drug prices for consumers

How Will FarmaTrust Do This?

FarmaTrust will be run and powered by two tokens - FFT & ZOI tokens.

• The FFT tokens are exchangeable tokens that can be exchanged on external markets and can be staked as well to receive ZOI tokens.

• ZOI tokens are to be used on the FarmaTrust platform and used to FarmaTrust services like product tracking and legitimacy confirmation.

FarmaTrust is the future of Pharmaceuticals and has a plan for the future. You can read more HERE

Source: Pixabay

This is an entry to an @originalworks sponsored FarmaTrust Contest

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