PR: Tomochain-FarmaTrust partnership announcement

Tomochain is delighted to partner with FarmaTrust, a UK blockchain startup, and global tracking system which provides security to the pharmaceutical companies, governments, regulators and the public, that counterfeit drugs do not enter the supply chain. Their system is safe, encrypted and immutable.

TomoChain is a public blockchain which aims to solve the scalability issues of the Ethereum blockchain. It is compatible with Ethereum’s smart-contracts and other Ethereum protocols, while keeping the confirmation time low, and fees minimal.

This strategic alliance will provide mutual benefits to both parties, and aim to create significant intellectual open source properties via collaboration. Tomochain will provide a highly scalable and trustworthy blockchain infrastructure with minimal fees to FarmaTrust for testing and possibly utilizing in the mainnet, meanwhile FarmaTrust will provide technical guidance for scaling global pharma supply chain, to enable “track and trace” for billions of packets daily.

Long Vuong — CEO of Tomochain said: “It is our honor to work with the excellent engineering team at FarmaTrust, especially with Shahnawaz, who has vast experience with scalable blockchain architecture. Their work on the pharmaceutical supply chain is solving a very important real-life problem, and potentially saving lives of millions. I hope our collaboration would help FarmaTrust scale their system, provide Tomochain with a scalable use case, and potentially contributing our works to the broader blockchain ecosystem, and open source community.”

Shahnawaz Aziz — CTO of FarmaTrust shared: “ It is my pleasure to collaborate with Tomochain. Long has vast experience and has successfully launched NEM blockchain in his previous venture. With the sound technical expertise from both sides I am confident that Tomochain’s scalable infrastructure will enable us to reach our goal of processing billions of transactions.“