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.
Hive Coin is a cryptocurrency, with the new blockchain technology and smart contracts, companies no longer need centralized intermediaries for transactions or financing. The blockchain grants absolute transparency, integrity and immutability of the data stored in the system. Hive coins are used to make demands on factoring companies, who can then compensate them. This process uses the blockchain, which offers a high level of security for all transactions. All seller and borrower data is cryptographically secured in this system.