Trade Pharma: How the Blockchain Fills the Market With Quality Medicines
The pharmaceutical industry is a relatively closed community of producers and suppliers, which brings multibillion-dollar profits, ensures the development of high technologies around the world. As in most large industries, developing an effective supply chain in pharmaceuticals is a complex process that requires concerted action by the owners of raw materials, the manufacturers of medicines and wholesalers.
Developers of the Trade Pharma ecosystem offer to use artificial intelligence to make the production and supply of medicines more prompt, profitable and efficient. An open platform for data exchange, an automatic system for selecting contractors and order tracking is adapted to the specifics of the chemical and pharmaceutical industry.
How Does the Trade Pharma Platform Work?
The main idea of the developers is to connect the needs of manufacturers, suppliers and consumers of medicines, to allow the industry to exchange technologies, promptly form orders and deliver.
The technical realization of the project is the system of Ethereum smart contracts that control every stage of production, packaging, transportation, and sale of medicines. Trade Pharma provides the exchange of information, assets and flows of finished products between the pharmaceutical industry and the health sector, allows building a transparent and fair market.
The creators of the project distinguish five main working modules of the ecosystem.
1. Pharma IoT – an application for tracking each batch of medicines from the place of production to the point of final implementation. The tool uses IoT technology, which operates an array of sensory data, notifies the customer of any delays and critical situations at the time of delivery.
2. Charity Causes - a platform for raising funds for non-commercial projects that are conducted in the healthcare or chemical-pharmaceutical industry. Such an application encourages research and development, allows small manufacturers to enter the market faster and conduct research more efficiently.
3. Pharma Staffing – a system of placement and tracking of orders for large companies and individuals-users of Trade Pharma. The tool replaces the tracking service, allows you to monitor delivery in real time, and to detect a delay in transit in time.
4. Printed Drugs – the production of medicines using 3D printing technology. Users of Trade Pharma are the first to access effective technology, can place orders, search for suppliers, test finished products through the application.
5. Crypto Exchange - a service for the exchange of cryptocurrency assets into fiat money, which also allows conducting transactions. The developers plan to integrate "digital gold" into the modern pharmaceutical industry, give large businesses the opportunity to pay raw materials and finished medicines with the cryptocurrency funds.
General management of the system is entrusted to AI (artificial intelligence), which automatically answers questions from users, distributes orders, processes accompanying documents, and places new materials on the platform. Unlike traditional systems of placing orders, Trade Pharma is aimed at the global pharmaceutical market, it has a simple scalability and is translated into dozens of world languages.
Virtual Assistant of Trade Pharma is equipped with the machine learning technology, so it 'becomes smarter' with each order completed, adapts to the needs of a particular user. Work on the project has just begun, so the team has not yet prepared an official Whitepaper but has already published a general concept.
Website: https://www.tradepharma.network
WP: https://www.tradepharma.network/lightpaper
TG: https://t.me/joinchat/H1YJNhLHIyMwtUL7yA9BLg
Author on BCT: Melnikof https://bitcointalk.org/index.php?action=profile;u=1152502
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