• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • TWS, Singapore (July 28-29, 2025)
    • WFIS, Philippines (September 23-24, 2025)
    • Forex Expo Dubai (October 6-7, 2025)
    • Merge Madrid (October 7-9, 2025)
    • European Blockchain Convention, Barcelona (October 15-17, 2025)
    • Blockchain Futurist Conference, Florida (November 5-6, 2025)
    • WFIS, Indonesia (November 25-26, 2025)
  • Past Events
    • Blockchain Life
    • BlockShow Europe
    • Event Horizon

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies

Join us on Telegram: https://t.me/crypto_reporter
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

FarmaTrust partners with Systech to harness blockchain for a foolproof pharmaceutical distribution solution

September 20, 2018 By Crypto Reporter PR

FarmaTrust, the leader in pharmaceutical supply chain security, announces their partnership with Systech, the global technology leader in brand protection and product authentication. This partnership provides a revolutionary blockchain-enabled solution for the pharmaceutical industry that leverages FarmaTrust’s blockchain and AI technologies. The Systech platform will now provide a solution that goes beyond today’s current compliance, traceability, anti-counterfeit, and product safety solutions, enabling clients to ensure product authenticity from the manufacturing floor to a patient’s hands.

The counterfeit drugs trade is thought to be the world’s largest fraud market. The World Health Organization estimates counterfeit drug revenue at around $200 billion, accounting for an estimated 10-15 percent of worldwide pharmaceutical trade.

“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. Mr. Ohanian continued, “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.”

About FarmaTrust
FarmaTrust is the most efficient global pharmaceutical tracking system, ensuring that counterfeit drugs do not enter the supply chain and providing security to pharmaceutical companies, governments, regulators, and the public. FarmaTrust’s blockchain-based system utilizes Artificial Intelligence, Machine Learning, and big data analysis to deliver value-added services, efficiency, and a transparent supply chain. The FarmaTrust system is safe, secure, encrypted, immutable and future proof. FarmaTrust is based in London.

About Systech
Systech is the global technology leader in supply chain security and product authentication, with more than  32 years of experience. Systech pioneered pharmaceutical serialization as well as innovations in line vision and inspection, overall packaging line management and track and trace. The Systech platform is implemented in over 500 customer sites spanning 47 countries, supporting 1700+ active lines. Today, Systech is revolutionizing brand protection. Its software solutions ensure products are authentic, safe and connected—from manufacturing to the consumer’s hands.

Filed Under: Press Releases

Primary Sidebar

Follow Us

Press Releases

Little Pepe (LILPEPE) Momentum Impresses, But Bitcoin (BTC) Needs to Hold This Level to Continue Uptrend Toward $118,000

July 12, 2025

How To Turn $100 into $100k With This New Crypto Presale! Why Solana and Chainlink Whales Are Jumping Ship!

July 12, 2025

BlockchainFX Presale Crosses $3.18M as the Best Crypto to Buy for July 2025 as Cosmos Breaks Out and Tron Expands

July 12, 2025

The Next Big Altcoin Could Surge 10x Higher Than Dogecoin & BONK After 300% Rally

July 11, 2025

The Hashgraph Group Partners with MPBCDC (Government of Maharashtra) to Build India’s First State Carbon Bank on Hedera

July 11, 2025

TWS Conference

Forex Expo Dubai

Merge Madrid

Futurist Conference

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2025 Crypto Reporter