Business Updates
New partnerships and clients over the past few months have added more projects to our spectrum...
Dashboard for Wholesale Distributor
We recently completed a blockchain and dashboard solution for a large wholesale distributor: The solution was designed to overcome a lack of end to end supply chain visibility, highlight stock information anomalies, process inefficiencies and replace manual data input. Our solution presents a generic workflow, follows GS1 and EPCIS principles, product tracking and tracing with full audit trail. It also demonstrates location monitoring and reporting of in-transit locations. This resulted in dashboards with up to date and accurate data, audit readiness with full historical data, elimination of data tampering and offers a trustworthy environment for information sharing with trade partners.
Partnership with IBM
FarmaTrust has entered into a partnership agreement with IBM. The partnership between IBM and FarmaTrust provides FarmaTrust with:
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Access to Hyperledger based Blockchain platform on the IBM Cloud. Totally secure, created for B2B, highly scalable and already powering global supply networks.
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Access to IBM IoT platform to connect to the sensors and actuators in the system and aggregate the data for use by the analytics platform and blockchain platform.
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A go-to-market capability with and through the IBM sales function and its broad ecosystem of channel partners, to help you scale at speed.
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Access to IBM clients that would otherwise take time to break into, again helping FarmaTrust scale at speed
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Access to financing to help FarmaTrust manage cash flow as FarmaTrust scales.
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Protection for FarmaTrust products and IP. The IP belongs to FarmaTrust.
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IBM benefits from the consumption of the blockchain platform and from the revenues secured as a result of professional service engagements that sit on the periphery of a FarmaTrust deployment.
Retail Blockchain Consortium
In January of 2019 Oracle and University College London (UCL) created the Retail Blockchain Consortium (RBC). Within RBC there are 4 industry threads: Fashion, Retail, Healthcare and ‘Other’. FarmaTrust was invited to be the industry lead for the Healthcare industry.
