ICO Analysis: FarmaTrustPublished on May 13, 2018
By Joshua LarsonVerdictCounterfeiting drugs is a problem pharmaceutical companies have always been trying to solve. While the EU and U.S. do already have in-depth tracking and compliance measures in place, other countries do not. The problems occur when the drugs move from one jurisdiction to the other. If each jurisdiction has their own way of tracking things and their own rules and regulations, dysfunction is often the result.
FarmaTrust attempts to end all of this by integrating each jurisdiction onto the same blockchain without changing their existing system. The Farma system uses AI and other new school tracking and tracing tools to make counterfeiting and other crimes impossible.
Risks Their community is not very big yet. Twitter page has 2,500 followers, but their tweets are only getting 10 likes and 5 retweets on average. -2
The three token system is kind of funky and confusing. -0.5
40% of their tokens have already been sold in the private sale at a 40% discount, which could create a little sell pressure out the gate. This is only a minor concern though, -0.5
Perhaps this long roadmap which doesn’t deliver the full product until Q1 2020 could be viewed as a problem. Or it can be viewed as realistic and well planned. –0.5
Growth Potential According to this report up to 30% of all drugs in circulation are fake, leading to up to a million deaths annually. This project will literally save lives. +4
This video demo of their front end MVP is impressive. It’s very rare to see a project so advanced this early. +1
They already signed an MOU with the Mongolian government to pilot a one-year project aimed at preventing the creation and distribution of counterfeit medications. They also partnered with Goco Pharmaceuticals, one of the leading generics manufacturing companies.+2
Other supply chain management projects with similar credentials to FarmaTrust have done incredibly well in terms of cap growth and partnerships. Origin Trail, a similar project, has a $62 million cap. Farma is collecting just $20 million, which leaves room for multiple multiples of growth. +2
The token staking system they are putting in place will incentivize holders, creating a large demand for the token. +2
DispositionSupply chain management is one of the hottest and most practical use cases for blockchain. WaltonChain, VEN, Origin Trail and others are absolutely thriving. FarmaTrust is the only one so far dealing specifically with pharmaceuticals. Their system/blockchain will plug leaks, cut costs, catch criminals and save lives.
7.5/10Proof: https://hacked.com/ico-analysis-farmatrust/This is a very good result!