Strategic partnership sees creation of ‘foolproof’ blockchain solutions

Systech — a global company specialising in brand protection and product authentication — and FarmaTrust — pharmaceutical supply chain company — have formed a strategic partnership for a ‘foolproof’ pharma blockchain solution.

Through this partnership the companies will integrate FarmaTrust’s blockchain and artificial intelligence (AI) technologies into Systech’s e-Fingerprint technology to provide a blockchain-enabled solution that will enable clients to ensure product authenticity from the manufacturing floor to a patient’s hands.

“In Systech’s continued commitment to advance supply chain security, we have partnered with FarmaTrust to integrate their proven blockchain solutions,” said Ara Ohanian, CEO of Systech. “By combining their bulletproof blockchain and AI solution with our authenticated and trusted e-Fingerprint technology, we have created a foolproof solution in the fight for pharmaceutical supply chain safety and authenticity.”

Raja Sharif, FarmaTrust’s CEO stated: “This is a significant deal and we are fortunate to work with Systech and integrate our blockchain technology with their compliance, traceability and authentication solutions. This combination is the only non-additive solution that can guarantee product authenticity throughout the supply chain journey. It’s also great to have a partner who has global coverage as well as a 32-year history of partnering with the world’s 20 largest pharma companies.”