© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - FarmaTrust : Building Trust and Saving Lives
Posted 4th January 2019

FarmaTrust : Building Trust and Saving Lives

FarmaTrust provides a global blockchain based pharmaceutical provenance system which eliminates counterfeit drugs, automates various pharmaceutical industry processes and provides valuable data insights to our customers. Recently, we caught up with Founder and CEO of FarmaTrust, Raja Sharif who provided us with a detailed insight into the firm and the extraordinary services that they provide.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

FarmaTrust : Building Trust and Saving Lives
FarmaTrust

FarmaTrust : Building Trust and Saving Lives

FarmaTrust provides a global blockchain based pharmaceutical provenance system which eliminates counterfeit drugs, automates various pharmaceutical industry processes and provides valuable data insights to our customers. Recently, we caught up with Founder and CEO of FarmaTrust, Raja Sharif who provided us with a detailed insight into the firm and the extraordinary services that they provide.

FarmaTrust uses blockchain to ensure the integrity of any data that the team collect, and smart contracts to allow for automatic payments, regulatory reporting, tax compliance and law enforcement notifications when necessary. The firm are one of the leading companies within the industry in these services and happily engage with partners and customers who are wanting to develop blockchain capabilities.

In addition to this, the firm are hardware, software and sensor neutral, which is why they have the flexibility to work in a variety of geographical locations, environments and meet the variety of needs of their customers. Going into further detail about the areas FarmaTrust specialises within, Raja begins by informing us of the various sectors the team provides support to and the clients that they serve.

“Here at FarmaTrust, we specialise in integrating pharmaceutical supply chain management system from the point of manufacture to the point of consumption utilising blockchain technologies combined with IoT and AI services. We provide data insights to assist in finding efficiencies, better planning, focussed production runs, transparency and visibility of the complete supply chain. Alongside this, we have also moved into providing more efficient and secure processes for personalised medicine particularly for cell and gene therapy. Our services are provided to governmental agencies, regulators, NGOs, law enforcement and of course, pharmaceutical companies. 

“Our customers are mainly existing track and trace providers using cloud (e.g. Systech), system integrators, pharmaceutical services providers, governmental agencies as well as NGOs. Most companies come to us from demonstrations we have done at conferences, or through our partners.”

As for what makes the firm the success that we know it today, the supply chain use case is perfect for blockchain, through immutability and incorruptibility of records and so FarmaTrust can ensure data integrity – which cannot be currently provided, as Raja explains.

“Strategically, we have a global system that can work both in emerging markets, where there are no existing legacy systems, as well as Western markets where we can plug into pre-installed technology. This makes us extremely cost efficient. We have customers and partners which we can provide, but since they are under NDAs, we have to do this on request.”

When discussing the role staff play in the success of the firm, Raja is keen to highlight how each member of the team are all working together towards achieving the same overall goal.

“At FarmaTrust, we have a dedicated and motivated staff who believe in our goal of eliminating fake medicines to ensure patient safety, and also enjoy being on the cutting edge of technology which few people have access to. Teamwork and enjoying the roles we have ensures that we there is a lively and enthusiastic approach from our staff.”

Bringing the interview to a close, Raja takes time to reflect on the challenges which they are facing currently, as well as envisioning what issues may occur within the future.

“One of the major issues surrounding our service to a largely conservative pharmaceutical industry, is the lack of understanding blockchain technologies, the variety of platforms, and the benefits and challenges of each. However, as the industry becomes more aware of the technology, there is a greater understanding of its benefits and more openness to use it.

“Unlike the tech sector, pharmaceutical companies have a reluctance to interact with smaller and faster start-ups which are used to being more flexible and making quicker decisions.”

Looking ahead to what the future holds, Raja signs off by revealing the exciting plans which lie in the pipeline for FarmaTrust, especially following their recent success as the Most Trusted for Global Pharmaceutical Secure Tracking Systems 2018 in Acquisition Intl.’s 2018 Global Excellence Awards.

“Moving forwards, our plans for 2019 are aggressive commercialisation of our system to
become the leader in blockchain pharmaceutical services. We will also focus on data and AI services as the number of customers increase. There are significant advantages to be able to become a data driven, AI service provider.”

Company: FarmaTrust
Website: www.farmatrust.com

Categories: Innovation, Leadership, News


You Might Also Like
Read Full PostRead - Eye Icon
Accelerating Action this International Women’s Day: How hampers.com is Championing Gender Equality from the Top Down
Corporate Social Responsibility
04/03/2025Accelerating Action this International Women’s Day: How hampers.com is Championing Gender Equality from the Top Down

March 8th 2025 marks International Women's Day, and this year’s theme, Accelerate Action, calls for urgency in advancing gender equality.

Read Full PostRead - Eye Icon
7 Tips For Resilient Manufacturing Operations
News
15/11/20227 Tips For Resilient Manufacturing Operations

Disruptions happen daily at factories around the globe, causing significant damage to production processes. According to Statista, there’s an estimated loss of $184USD million in 2021 due to supply chain disruptions globally. No manufacturing business is imm

Read Full PostRead - Eye Icon
BiP Solutions Acquires Pro Mark Media
M&A
30/04/2015BiP Solutions Acquires Pro Mark Media

BiP Solutions (BiP), the leading provider of business intelligence solutions for the public/private sector marketplace, has acquired Pro-Mark Media (PMM) - one of the UK's leading construction media companies with an established portfolio of digital magazines

Read Full PostRead - Eye Icon
The War on Cybercrime
Innovation
08/06/2016The War on Cybercrime

DMH Stallard is an award winning law firm providing strategic and operational legal advice.

Read Full PostRead - Eye Icon
Understanding VAT Assessments: Key Advice for Businesses
Finance
08/10/2024Understanding VAT Assessments: Key Advice for Businesses

Declaring and paying VAT is one of the many routine legal responsibilities resting on the shoulders of businesses.

Read Full PostRead - Eye Icon
Entrepreneurship Strategies for the Risk Averse
News
26/01/2023Entrepreneurship Strategies for the Risk Averse

Given that a reported 9 out of 10 businesses fail, with “no market need,” “ran out of cash” and “got outcompeted” paramount among the reasons why, it begs the question: is there a better, more sure-fire way to realize entrepreneurial success? Does

Read Full PostRead - Eye Icon
A Niche Market Opportunity for Small Businesses
News
13/06/2024A Niche Market Opportunity for Small Businesses

Night briquettes provide a great chance for small businesses to enter a special market. They offer eco-friendly and budget-friendly heating solutions for outdoor enthusiasts. These briquettes are made from organic materials like wood, farm waste, or paper tras

Read Full PostRead - Eye Icon
Why Customer Experience is a Key Differentiator in the Banking Industry & How the Industry Is Set to Change for Consumers
Finance
14/06/2022Why Customer Experience is a Key Differentiator in the Banking Industry & How the Industry Is Set to Change for Consumers

According to a recent study by Gartner, 81% of companies compete mostly on the basis of CX, making strong CX a key competitive differentiator for Banks. Gartner’s research also reveals that the higher a customer’s experience is in terms of quality, the mor

Read Full PostRead - Eye Icon
How to Get Out of Credit Card Debt
Finance
14/04/2022How to Get Out of Credit Card Debt

Several people do not pay off their credit card debts as soon as possible. The reasons for not clearing the debts could be several, with the most common one being maintaining a healthy credit score.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow