Sydney, Australia, Could 07, 2021 (GLOBE NEWSWIRE) — The rollout in Afghanistan shall be boosted by regional enlargement, and Fantom will concurrently provide its options throughout Central Asia.
Counterfeit Medicine: a Dangerous Enterprise
Knowledge revealed by the Medication Importers Union means that a minimum of 40% of medicines and medical products enter Afghanistan illegally. What’s extra, nearly all of these medicine are counterfeit or substandard. Unwitting patrons of counterfeit medicines danger extended sickness, drug resistance, or a lot worse.
This challenge, after all, just isn’t native to Afghanistan. Fantom’s elevated regional presence will handle each native counterfeit manufacturing and imports of fraudulent medical items.
The Growth and Testing of Fantom Tracker
Fantom Tracker integrates the Nigeria-based Chekkit Applied sciences’ scanning and verification instruments with Fantom’s Opera blockchain. Immutable and blazingly quick, Opera secures producer and supply-chain knowledge and communicates it to customers and customers scanning Chekkit’s tamper-proof labels.
In an preliminary pilot section, Fantom merchandise had been rigorously examined in Afghanistan by companions:
- Royal Star Pharma: Afghanistan’s largest importer and distributor of medical items
- Bliss GVS Pharma: A big, publicly-traded medical items producer primarily based in Mumbai, India
- Nabros Pharma: A privately held, India-based producer of prescription drugs and nutraceuticals
Throughout testing, retailers and customers used Fantom instruments to confirm the authenticity of upwards of 80,000 private and medical gadgets. Knowledge gathered by Royal Star Pharma indicated fast adoption by a basic public eager for reassurance in regards to the security of their purchases.
Fantom is now seeking to implement a nationwide rollout to trace 210 million models specializing in high-volume important gadgets like vaccines and COVID take a look at kits.
Utilizing Fantom Tracker
The Fantom Tracker answer shall be distributed on an open-source foundation, permitting any pharmaceutical enterprise to make use of the product. To make sure product verifiability, producers merely must affix a tamper-proof label equipped by Chekkit to drug packaging: when scanned, the label remembers important product data, together with expiry date, registration quantity, and extra, all of which is saved on the immutable Fantom blockchain.
Crucially, the Fantom answer is straightforward for the general public to make use of. All prospects must do is to take away the scratch-off sticker from the Chekkit label. This reveals:
- A QR code that may be scanned on an internet-enabled cell phone with the Chekkit app, and
- A pin code for customers with out web connectivity. By calling a neighborhood telephone quantity and coming into the code, customers can entry the identical knowledge accessible by way of the app
Whether or not through web app or telephone, prospects are instantly served details about product authenticity. When a counterfeit is detected, Fantom sensible expertise instantly notifies the retailer, producer, and acceptable authorities companies.
The Afghanistan Initiative and Past
Implementation of the Fantom Tracker is a significant a part of the continued partnership between Fantom and the Afghanistan Ministry of Well being. Below what they’ve known as the Nationwide Medical Importation Safety Initiative, the events will proceed to work collectively to develop complete options to the counterfeit drug challenge.
Following the Ministry of Well being announcement, Fantom CEO Michael Kong mentioned: “Fantom goes to play a significant function in addressing a power public-health challenge. In South Asia, crew members Barek Sekandari, Samuel Harcourt, Jawid Sikandar, Jakub Stepanik, and their groups performed a significant function in guaranteeing that we developed a customizable and sturdy product for the pilot program. I’m grateful to the Afghanistan Ministry of Well being for permitting us to exhibit our scalable and user-friendly answer.”
The launch in Afghanistan represents step one that the Fantom Basis is taking to handle a world phenomenon. Based on a World Well being Group examine, faux medicine comprise nearly 10% of the worldwide drugs market, a determine that suggests a market of practically $40 billion. After providing its answer regionally, Fantom will handle different worldwide markets in a broader effort to finish vulnerabilities throughout the world provide chain.