We are not just trying to squeeze blockchain into our solution you know, just because it either sounds good, or we thought why not – it actually brings us benefits of immutability, cross-border solutions, security, the whole package. We tick all the boxes as to why you would use blockchain for your company. It’s more secure than cloud based systems or servers, and it works with other technologies and legacy systems.

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• This size means that the team can begin tracking and implementation nationally right away.
• In February, FarmaTrust and the Mongolian government signed a partnership.
• They tend to operate with thinner margins and on a smaller scale, and they want a solution installed quickly.
• There were still some details about the token that we couldn’t find in the white paper and on the website, but their marketing representative replied us after asking questions via Telegram.
• This means that more conservative investors who want to make sure they are getting what they pay for should wait until after the launch of the alpha version.

In the fourth quarter of 2017, “bitcoin” was rated as the fastest-growing skill among online freelance workers, according to a report from global freelancing website Upwork. In the quarter, blockchain-related job posts on the website jumped 2,194 percent, from 96 a year ago to 2,200 in Q4 2017. The total supply of FTT tokens is 1000.0M and the circulating supply is 600.0M.

He has over a decade of experience in full stack web development, has been involved with blockchain technology since 2016, and is a certified Ethereum developer. These are just some of the guys on our team, but there are plenty more who do great work for us. We also found ourselves speaking with the association of online pharmacies, and they are trying various things to ensure the safety of their medicines, their products. So then the fact that our system shows them all the various steps, from beginning to end, with no chance of the data being changed, this type of system could be a game-changer for them.

DIGITISING AND INNOVATING THE PHARMACEUTICAL AND HEALTHCARE BUSINESSES

For example, Interpol can inform various law enforcement bodies if we find a large batch of counterfeit drugs. Then they can go in there, check what is going on, and take these drugs out of circulation. As for NGOs, a cost effective solution helps them a lot as, being taxpayer funded, they face higher controls on their spending, and more scrutiny as to where they spend their money. Developing nations are a massive beneficiary of our system, because they will find it easier to adopt our technology straight away.

PWC estimates that counterfeit pharmaceutical is a $200bn annual business. This is quite a significant percentage of the $1.2 trillion pharmaceuticals global trade. Semantic HubRussian/aSemantic Hub provides decision support to the Experts of pharmaceutical companies with the use of natural language processing and “big text data”.

Can I track historical prices of FarmaTrust (FTT) against EUR?

I mean right now, most people in the industry are using cloud based systems – they are much less secure than blockchain technology! I mean, Bitcoin has never been hacked, the fundamental technology is very secure. Naturally, this has also led to a growing demand for relevant education in the field of Blockchain technology. We have already seen a few education initiatives launching their own blockchain-based platforms and tokens this year. Some of these, for example the Academy Token, were already established companies within the education industry seeking to take advantage of all the buzz surrounding the technology, and therefore launching their own token.

Quarter three involved finding and appointing the advisors, completing the first drafts of the whitepaper, expanding the product definition, and demonstrating the MVP to those who were interested. Experts are very impressed with FarmaTrust, and numerous companies have named it a top tech company in 2018. The Next Web included FarmaTrust’s use of artificial intelligence on its list of tech trends to watch this year and pointed out that this solution might save more than 125,000 lives each year just in Africa. Hackernoon included FarmaTrust on its list of 11 blockchain startups to watch in 2018, citing the potential to save millions of lives each year. The team sees Mongolia as an excellent place to start since its population is just 3 million. This size means that the team can begin tracking and implementation nationally right away.

The incentive for holding EDU tokens is basically that they allow for commission-free transactions within the platform, whereas the use of other cryptocurrencies will be subject to commission fees. Further, the team claims that the EDU token will allow for future scaling of the platform beyond just the Ethereum Blockchain. Each of these groups will benefit by being able to connect via a trustless blockchain-based platform without the need for any intermediary that drives up costs for everyone involved. LinkedIn also reported a substantial increase in blockchain-related jobs in recent years. Just in the financial services and insurances industries, blockchain-related job postings increased 9.4 times from 2014 to 2017, while software development postings rose 4.6 times. Indeed.com also said that the number of blockchain-related jobs increased 207% year-on-year at the end of 2017.

FTT Price Live Data

They tend to operate with thinner margins and on a smaller scale, and they want a farmatrust coin solution installed quickly. And because they have a smaller bureaucratic structure – they can do this. Other than that, the white paper appears well-written and is fairly detailed.

This means that more conservative investors who want to make sure they are getting what they pay for should wait until after the launch of the alpha version. We then suggest you check for yourself that this is actually a working product that you believe in before you invest in this ICO. Additionally, the team consists of a number of people to fill roles such investment advisor, strategy advisor, and academic advisor, marketing, and so on. Blockchain is no longer just the “technology behind bitcoin,” as governments around the world and businesses from a wide range of industries have jumped on the bandwagon.

• FarmaTrust aims to provide a solution to numerous problems currently plaguing the pharmaceutical industry.
• With its cutting-edge technology, FarmaTrust provides secure, efficient, and transparent supply chains for the pharmaceutical distribution process to ensure the authenticity of medications.
• They will be piloting a year-long project that will prevent creating and distributing counterfeit medications.
• In the quarter, blockchain-related job posts on the website jumped 2,194 percent, from 96 a year ago to 2,200 in Q4 2017.

In essence, FarmaTrust works by enabling transparency and verification in pharmaceutical supply chains, thereby preventing the infiltration of counterfeit drugs. Anant AdvantagesUnknownPrivately HeldAnant Advantages aims to eliminate counterfeits drugs from the distribution network. Over 700,000 people die every year because of counterfeits and counterfeit drugs cause a loss of over $120 to pharmaceutical firms. Anant Advantages provides a low-cost easy-to-use product that allows patients to check the authenticity of the product even before the purchase decision. With support and guidance of many industry experts, Anant Advantages will solve this global challenge, saving millions of lives and dollars. Checkitsreal is an app-based ecosystem built on Blockchain technology to support product verification and traceability which detects and eliminates counterfeit products.

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During the third quarter, they found blockchain engineers, did the Research Code, and ironed out project details. By the end of the fourth quarter, they had the first version developed with full stack developers on board and had established the design and architecture. Najib believes that they’re the only pilot on the drug supply chain security at to pilot this using blockchain technology. By the end of the first quarter for 2018, FarmaTrust will have extended the blockchain MVP, completed testing for speed and scale, expanded the product description, created the web app, and demonstrated the MVP. In February, FarmaTrust and the Mongolian government signed a partnership.

As a whole, the online marketplace for drugs is somewhere where we will look to have a massive impact in. The exact team behind FarmaTrust has not been publicly disclosed; however, the project was spearheaded by business and tech professionals with significant experience in blockchain technology and the pharmaceutical industry. Further information can usually be found on the official FarmaTrust website. The World Health Organisation estimates that more than 50% of drugs sold online in the West is fake.

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A mobile app using machine-learning powered pattern-recognition, it will allow anyone, anywhere, to verify the authenticity of the products adopting the solution. FarmaTrust blockchain solutions mean immutability of records allowing clear accountability. It means greater trust in pharmaceutical and healthcare products as well as faster regulatory approvals. The team will also harness artificial intelligence and data and add mobile apps.

Yes, our platform provides historical price data for FarmaTrust (FTT) to Euro (EUR), allowing you to track price changes over time. Plans continue into 2019, with the first quarter’s main goal being deploying client mobile apps for the pharmacies, end consumers, and customs. The third quarter will be just as busy, publishing in the App Store and Google Play, enhancing the packet tracker API, developing the API layers plus documentation, and developing the business events engine. The team will also extend the deep learning machine and continue developing microservices.