FarmaTrust is a blockchain-based cryptocurrency that focuses on innovating and digitizing the pharmaceutical and healthcare businesses. The mission of this platform is to protect patients, remove counterfeit products, increase efficiency, and provide advanced data analytics tools. The network seeks to provide end-to-end transparency and visibility across the complete pharma supply chain. FarmaTrust has created digital services and solutions to create accountable, efficient, and transparent supply chains. The asset seeks to develop solutions to ease the burden of compliance requirements and to eliminate substandard products.

FarmaTrust allows the company to run its system parallel to its existing software—software that is claimed to be a unique feature. The asset is meant to operate with any type of sensor, so the customer can continue to use their brand while getting support in logistic supplies and cold storage. In addition, the network observed the issues of expiration of drugs on the shelves. Hence, any drugs that are being traced by the FarmaTrust system aim to be flagged when they are about to expire so they can be routed where they are required. The asset can provide automated audits, regulatory reporting, tax compliance, and payments. Users can customize the system to use their smart contracts to meet several requirements. FarmaTrust solution offers data security, AI (artificial intelligence)-infused technologies, accountable records, and flexible solutions, including sensor-neutral technologies.

FTT is a true utility token of FarmaTrust. The purpose of the FTT token is to allow users to engage in the ZOI (tracking token) ecosystem. In order to track their products, pharmaceutical organizations need to stake these tokens. The FTT token acts as a unique product key, and staking 100 FTT tokens allows the companies to create some “compliance tracking tokens.”

Lord Anthony St John of Bletso (Chairman, Advisory Board) and Raja Sharif (CEO) are the core founding team members of FarmaTrust. The platform FarmaTrust was founded in 2017.

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