FarmaTrustFarmaTrust FTT news

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FarmaTrust, Mongolian govt. to combat counterfeit drugs

London, UK-based pharmaceutical supply chain security firm FarmaTrust announced in a press release CoinReport received from Blonde 2.0, FarmaTrust’s PR agency, that it, along with the government of Mongolia, will be launching the pharmaceutical sector’s first blockchain track and trace project desig... The post FarmaTrust, Mongolian govt. to combat counterfeit drugs appeared first on CoinReport.

Farmatrust And Government Of Mongolia Round Up Feasibility Study To Eliminate Fake Drugs In The Country

FarmaTrust has revealed that it is partnering with the Government of Mongolia to fight fake drugs and this makes t the very first tracking solution that is based on a blockchain in the industry of pharmacy. FarmaTrust happens to be a leading pharmaceutical supply chain company, and the reason for launching this maiden track &amp; trace blockchain project is to get rid of counterfeit drugs in Mongolia. FarmaTrust collaborated with governmental parties and some NGOs such as the Specialized Inspection Agency of Mongolia, as well as, the e-Government Center NGO. With the memorandum of understanding signed in February 2018, the chairman of FarmaTrust was present as all parties appended their signatures to the feasibility study in London, precisely at the House of Lords. How it works Blockchain technology will be utilized by FarmaTrust in tracing the global supply chain of individual drug packets and also pharmaceuticals. It has a mission of getting rid of counterfeit medications in order to ensure that lives are saved while also making the pharmaceutical industry more efficient. With the use of blockchain, FarmaTrust develops a ledger that immutable and has the ability to track and ensure the security of pharma supply chains which make use of Artificial Intelligence and also the analysis of big data. This partnership with the Government of Mongolia is FarmaTrust’s way of showing that its system works and is very effective in growing markets and also developed markets. FarmaTrust will commence through the administration of feasibility reports, national government monitoring, and the inspection of pharma supply chains, pharma warehouses, as well as, relevant retailers. The Benefits This partnership agreement by the government will provide performance longevity and will also offer the chance for this agreement to be used a study for related governmental entities all over the world, especially, in countries where there is an unclear environment for regulation, as well as, a lack of technological infrastructure. This project will encompass every medication in all parts of the territory instead of just targeting particular product lines in certain private companies. This is the first time that a tracking solution has been implemented that is based on blockchain in this specific territory and in the pharma sector. When It Commences It is anticipated that the installation procedure will take place in the second quarter of 2019 once the legal and budgetary requirements are fulfilled. FarmaTrust relishes the opportunity to be partners with the Government of Mongolia, especially, since it validates the blockchain tracking solution, not just its vision and its concepts. This project will be implemented live, and as a lifesaving project, it will show that FarmaTrust can function as a blockchain company and as a consultancy agency in the country   The stride made by FarmaTrust in order to commercialize its technology and also partner with some key players in recent times is really profound. It is expected that in 2019, FarmaTrust will accelerate its customer base as they have now become a leader in the blockchain pharmaceutical sector. The post Farmatrust And Government Of Mongolia Round Up Feasibility Study To Eliminate Fake Drugs In The Country appeared first on TechBullion.

FarmaTrust Blockchain Project Joins Forces with Government of Mongolia to Eradicate Fake Drugs

FarmaTrust has announced its alliance with Mongolian authorities to fight against counterfeit drugs with its highly functional blockchain-based tracking solution. FarmaTrust, a formidable force in pharmaceutical supply chain security ecosystem is collaborating with the government of Mongolia to launch its debut distributed ledger technology powered track and trace project in the pharmaceutical industry, to eliminate drug counterfeiting in the region. The initiative is also supported by governmental and nongovernmental agencies including the Specialized Inspection Agency of Mongolia as well as the Mongolian e-Government Center NGO. Earlier in February 2018, an MOU was signed by all parties, and a feasibility study was launched at the House of Lords, London, in the presence of FarmaTrust’s Chairman, Lord Anthony St John of Bletso. FarmaTrust employs blockchain technology in the tracing of individual packets of medication and pharmaceutical products across the global supply chain. FarmaTrust is determined to save lives by eliminating counterfeit drugs in the world. In addition to using blockchain technology, FarmaTrust also utilizes big data and AI to trace and secure global pharmaceutical supply chains. FarmaTrust’s collaboration with Mongolia is targeted at proving how potent its blockchain system is in both emerging and developed markets. The team will administer feasibility reports, monitor the national government and inspect all pharmaceutical supply chains, warehouses and even retailers in the pharmaceutical ecosystem. Importantly, the partnership is a government parastatal agreement that fosters performance longevity and may also serve as a blueprint for other governmental agencies around the globe, most especially in regions where robust technological infrastructures are absent. The FarmaTrust project encompasses all medicinal products in the region, and if all goes as planned, the operation will enter the history books as the first ever implementation of a DLT-based track and trace solution in the global pharmaceutical industry as well as in Mongolia where technical infrastructure is absent. The nation’s Special Inspection Agency has hinted that the project will go live in the first quarter of 2019 after all legislative and budgetary requirements have been met. “We’re very excited in collaborating with Mongolia, as it validates our entirely functional DLT solution, rather than just concepts and vision. Finally, our life-saving project will see live implementation,” said Raja Sharif, CEO of FarmaTrust. “FarmaTrust is making great strides in the commercialization of its blockchain technology solutions, with a significant number of customers and partners in recent months. We have firmly established ourselves as a pioneer in the industry, and 2019 should see an acceleration in the number of customers using our services,” Sharif concluded. Twitter: Facebook: LinkedIn: Email: Phone: +972585221980 The post FarmaTrust Blockchain Project Joins Forces with Government of Mongolia to Eradicate Fake Drugs appeared first on ZyCrypto.

FarmaTrust (FTT) Altcoin Gets Listed On Coinbene Cryptoassets Exchange and Trading Venue

At a time when the global cryptocurrency market is experiencing a massive bloodbath, FarmaTrust continues to see green. Now, the native digital asset of the platform, FTT is now live on Coinbene exchange. FarmaTrust, a leading blockchain project focused on revolutionizing the pharmaceutical industry, has announced the launch of its FTT token on the highly reputed Coinbene exchange. The platform now offers users ETH/FTT trading pair, with others to be added in the near future. For the uninitiated, Coinbene is one of the top cryptocurrency exchanges in Asia and its currently among the top 25 exchanges on CoinMarketCap Exchanges Table. The exchange is highly secure and makes it possible for users to trade a vast array of cryptos. Its worth noting that the listing of FTT on Coinbene is a solid indication of the global demand for the digital asset and it will be of immense benefit for both parties. “We had earlier stated that will would list on Coinbene when the conditions were right for FarmaTrust. Now that our system is working perfectly, with new partners and clients joining us regularly, we will be listing on Coinbene, to allow greater exposure to those interested in FarmaTrust future,” said Raja Sharif, CEO of FarmaTrust. Though the general decline in the price of all digital assets has also taken its toll on FTT token, the FarmaTrust has made significant progress since its FTT token went live on Coinbene. FarmaTrust has recently been recognized as one of the blockchain projects with real use cases for its token, fast development and customer engagement. FarmaTrust is also one of the very few distributed ledger technology-based businesses that have launched itself into the mainstream, forming solid alliances with a vast number of credible firms including Digital Catapult, IMI, and customers such as SystechOne, Peterson and significant government parastatals. Interestingly, while the price of other digital assets is crashing with each passing day, FTT token keeps increasing, thanks to FarmaTrust’s fight against counterfeit drugs trade, which is one of the world’s largest fraud markets, with the World Health Organization estimating it at $200 billion. While blockchain technology has proven it has all it takes to revolutionize countless industries across the globe, from supply chain to banking, FarmaTrust is committed to using DLT to transform the pharmaceutical ecosystem and rid it of bad actors forever. Facebook: Twitter: Email: The post FarmaTrust (FTT) Altcoin Gets Listed On Coinbene Cryptoassets Exchange and Trading Venue appeared first on ZyCrypto.

Systech & FarmaTrust Partner to Integrate Pharma Supply Chain with Blockchain Technology

Systech &amp; FarmaTrust Pharmaceutical Supply Chain with Blockchain Technology Partnership Blockchain technology is gradually being integrated with industry systems in different regions across the world. Farma Trust, a firm in the supply chain of pharmaceuticals, is venturing into the blockchain space following a partnership with Systech. The firm will work with its newly found blockchain-oriented counterpart to improve FarmaTrust’ ecosystem authenticity. The development will enable FarmaTrust scale its services integrity as we move into the blockchain era. This platform’s integration with the blockchain network brings new features to sustain best practices in compliance, goods authenticity &amp; tracing of pharmaceutical products along the supply chain. FarmaTrust’s vision to seal loopholes within the pharmaceutical supply chain ecosystem is economically valid given the illegal players in the market right now. As it stands, counterfeit rugs in the pharmaceutical market account to around $200 billion. This is a significant 10-15 % of the current market cap in the industry. Systech CEO, Ara Ohanian, said that “In Systech’s continued commitment to advance supply chain security, we have partnered with FarmaTrust to integrate their proven blockchain solutions. By combining their bulletproof blockchain and AI solution with our authenticated and trusted e-Fingerprint technology, we have created a foolproof solution in the fight for pharmaceutical supply chain safety and authenticity.” In addition, Mr. Ohanian’s sentiments were echoed by his counterpart FarmaTrust CEO, Raja Sharif “This is a significant deal and we are fortunate to work with Systech and integrate our blockchain technology with their compliance, traceability and authentication solutions. This combination is the only non-additive solution that can guarantee product authenticity throughout the supply chain journey. It’s also great to have a partner who has global coverage as well as a 32-year history of partnering with the world’s 20 largest pharma companies.”
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Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Coinspeaker Mike Novogratz: Facebook’s GlobalCoin Won’t Rival BitcoinMajor Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin.During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said:“This is hard to do because there is just one more stored value of this kind. It’s gold. It is hard to be worth something just because it’s worth something. Almost everything else is different. For example, Uber shares are worth something because people are using it. What Bitcoin has done is a unique thing.”He also referred to Bitcoin’s intrinsic value saying:“You can take all the gold in history that has been mined and put it in three Olympic swimming pools and it’s worth $8,5 trillions. Why? Because it sits in the vaults.”Novogratz went to mention that retailers are buying Bitcoin but also the institutions are moving in. There are Yale, Harvard and Stanford endowments.Microsoft Wanting to Link with Bitcoin Blockchain is a Big ThingThe CEO claims the original Bitcoin boom witnessed around 2016-2017 was influenced by the retail-driven investments by around 98%. This means more companies were buying cryptocurrency at a time when it looked like the future of finance. The recent developments in the crypto world are also affected by ‘credentialing’ according to the CEO especially with the recent move by Microsoft in the industry.“Also, there is Microsoft, one of the biggest companies in the world that says they want to do identify solution by linking it to the Bitcoin blockchain. Now this is big.”Microsoft recently announced their initiation of an identity solution to add to the Bitcoin blockchain. As more investments crowd Bitcoin, its value soars higher as witnessed in the recent spike. Microsoft is not the only big organization enabling the ‘credentialization’ of Bitcoin. Not long ago, Facebook lifted all the bans it had imposed on cryptocurrency and any blockchain-related advertisements.He also mentioned Facebook coin saying that it is really important for the ecosystem.“Crypto is going to be part of Facebook’s future. However, this coin will be listed to some stable currency and will be used for payyments. Bitcoin on the other hand is not going to be the payment currency – it will be stored vault, just like gold. If you really think bitcoin is gonna win this store of value, everything else needs to be used for something.”GlobalCoin Isn’t a Threat to BitcoinAs we’ve already wrote, Facebook’s GlobalCoin will probably be established as a stablecoin, pegged to the dollar or local currencies in the countries that will be allowed to use it. It is also likely to run on a private, centralized blockchain, owned and controlled by the company. Based on this fact, it can not be perceived as a direct competition to Bitcoin or other peer to peer decentralized digital currencies.Other coins that piqued Novogratz’s interest include Ethereum and EOS. These projects have to encourage developers to build on top of their platforms. Just few days ago he was comparing various cryptocurrencies with chemical elements in the periodic table. He then considered the role of altcoins, hinting that each coin will have “to prove themselves out” in order to provide a certain use case.On this note, Novogratz argued out that “there’s no one building anything on the Litecoin blockchain,” as opposed to the Ethereum blockchain.Recently, Novogratz made yet another Bitcoin prediction, claiming that the major cryptocurrency will beat its all-time-high record of $20,000 within the next 18 months.Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Binance Exchange soon To Roll Margin Trading Service For the First Time

An official blog released by Binance exchange confirms the launch of Margin trading service. However, earlier on May 24, 2019, Binance tweeted two screenshots, seeking user’s suggestion on which layout would they be preferred, a white background one and the black background. It was first noticed on Binance’s Twitter handle when a tweet was posted with two different colors included with the tab of Margin. Nonetheless, it was to create the buzz of its upcoming feature but according to TechCrunch, it has already been tested among a few users. As the testing has already been undergone, it is worth to predict that the margin trading option will go live anytime soon. By usage, Margin trading is an option that enables traders to boost up their buying power by using their balances as collateral. However, it wasn’t available at Binance exchange even the binance itself as the largest exchange as well as  the margin trading option carries potential profit margin. It is the first of its kind of Binance to launch margin trading service whereas the other trading platforms including BitMex, Huobi Pro, Poloniex, Coinbaes’s GDAX and Kraken are already serving this service to their customers. Also Read – Binance’s BNB Token Jumps 12% to Hit $34 Following Margin Trade Interface Tease At the moment, Binance is the second largest cryptocurrency exchange in terms of adjusted volume of the last 24 hours. It presently counts the volume of $2,088,850,554. Nonetheless, its native token, Binance Coin (BNB) is soaring a new peak of $33.87 against US Dollar. According to data provided by Coinmarketcap (CMC), BNB is surging with 6.42 percent over the past 24 hours and presently valuing the average trading volume of $4,781,168,385. Image source – Coinmarketcap What’s your take on BNB’s soaring value.? Do you think it will jump higher citing margin trading option by Binance exchange.? Let us know in the comment below Image source – Techcrunch The post Binance Exchange soon To Roll Margin Trading Service For the First Time appeared first on Coingape.

Is Facebook Launching its GlobalCoin Cryptocurrency Next Year? BBC Says Yes

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC ... ﾿ Read The Full Article On Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Facebook’s GlobalCoin Allegedly to be introduced in 2020

The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics According to a report by the BBC, Facebook has serious plans introduce its own crypto currency. The facebook coin, internally referred to as ‘GlobalCoin’ will be introduced in multiple countries in the first quarter of 2020, after extensive testing at the end of this year. The new stablecoin which has been rumored about for a […] The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics
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