Hello! Another project from the medical field. That's interesting. Could You list advantages and differences of Medi-Trace Platform from FarmaTrust. I try to track similar projects in topic "Comparison of existing blockchain projects in the medical field"- https://bitcointalk.org/index.php?topic=2817316.0
Certainly, Im glad there is a thread to show the comparison of blockchain project in the medical field.
We have found that there are projects like BlockRX and FarmaTrust working on solving gaps in the pharmaceutical industry.
Our project has 3 Technical Development Phases to achieve our project objectives. Each phase of the project works on solving specific problems in the pharmaceutical industry.
Phase 1 - Provide consumer with assurance of genuity. In this phase, we work towards eliminating counterfeit medicines in the pharmaceutical supply chain using blockchain provenance technology . We know that BlockRX and FarmaTrust are also working on this problem. However our approach and technology solution is very different.
Phase 2 - Decentralized Temperature Monitoring of Biologics (Temperature Sensitive Medicines) and Vaccines- Biologics are the next generation medicines, usually very expensive due to its pinpoint accuracy for the treatment. We will using IoT Sensors to provide consumers with utmost transparency. We are the only project working on this market.
Phase 3 - Decentralized Pharmaceutical Marketplace - A decentralized pharmaceutical marketplace will provide consumers will be better access to genuine medicines. Our participants will be able to utilize their tokens in this marketplace. We are the only project working on this market.
Today, The pharmaceutical industry is estimated at $1.2 Trillion annually, and there are several gaps that affect medical patients everyday. Our end goal is to provide transparency to the consumer in every purchase.