Trade Pharma Network Marketplace: The Road to Digital Success

There has been a great deal of discussion over the last few years about AI, Blockchain, IoT & 3D drug printing and the tremendous role they are able to play in the pharmaceutical industry. There is no need to think far ahead to see a future in which these technologies will work together in this rapidly changing space.

A lot of tech companies have understood this matter of fact and have developed applications & softwares to track trend movements and make that possible. Trade Pharma Network (TXP) is no exception and it is appropriate to say that the idea behind the word "Network" is simply to create a single Marketplace that includes several key technologies that would allow all the members of the pharmaceutical supply chain to interact wisely & effortlessly. In other words, a pharma-centric Marketplace that enables all stakeholders to make progress towards the creation of such a system globally.

Indeed, TXP is a EU-licensed brokerage platform and an international multi-service & Pharma-centric marketplace that offers an entirely new way of trading and world-class experience to its users performing routine transactions of medicines. The integration of Blockchain & AI into this Marketplace will undoubtedly enrich customers through a useful and efficient website navigation combined with a detailed description and a great illustration of the products and services it offers.

TXP team is bringing to the table a decennial experience in the pharmaceutical industry and the concept we are working on, which is now preparing to hit the market as a public ICO, is really the first of its kind in the young & fast growing crypto economy.

One of the main goals of TXP is fighting against counterfeiting of pharmaceuticals as well as building transparency & trust to empower the whole supply chain and make sure all stakeholders manage their supply of medicines more efficiently to prevent shortage problems and facilitate the allocation of the pharmaceutical resources to be put at the disposal of healthcare professionals for the best interest of patients.

It is important to mention that now a days serialization & aggregation are two big topics within the pharma industry and a solution provider like TXP is perfectly positioned to implement a real, functional and scalable Pharma Network. Indeed, by setting forth its expectations for how pharma supply chain data will be organized, our network must enable data sharing.

For years, one of the hoped-for attributes of such a pharma network has been that it would enable all stakeholders to easily share data. For instance, with thousands of drug makers and trading professionals & partners in the network, the network promises to make the sharing of serialized products and data ubiquitous as well as an interoperable meeting ground that would increase the speed, efficiency, and profitability of the entire industry.

But that’s not all, the Internet of Things (IoT) is one of the most defining technologies of the Fourth Industrial Revolution. It can transform how organizations design, produce and sell their products and services, as well as how they become part of a larger ecosystem both physical and digital. For TXP, while the bottomline benefits of IoT are clear (higher revenue, reduced costs and improved efficiencies etc), the path to successfully leveraging these technologies is not.

However, a global network of small, powerful sensors allowing physical objects from heavy equipments, to mobile and wearable devices, to vehicles, physical structures, and appliances to connect, interact and share data with one another using the TXP Blockchain and IoT / IIoT.

The intelligent digitalization of the pharmaceutical trade & services coupled with the decentralization that TXP is building also concerns the 3D drug printing and the commercialization of 3D printed pills, once health authorities follow suit, of course once health authorities follow suit in 3 to 5 years from now.. TXP has already started along side its partners to put the bases for the 3D printing of customized medication at a couple of dispensing points.

Finally, from a crypto point of view, the utility token (TXP) will guarantee an easy and cheaper access to any transaction on the Pharmaceutical Marketplace and also to the TXP’s Wallet usable outside the Platform. The idea is basically to implement an innovative and sustainable business model. At this purpose, there will be a Growth Pool where a percentage of the tokens is going to be allocated to finance community campaigns and a Forum in which the decentralized voice of the community will be nourished in its natural ecosystem.

Thank you for reading my post & would love to hear your thoughts on this topic.

Tyler I. Sainkoudje

Trade Pharma Network (a division of Tesla Duo Group Ltd) - Founder / CEO
www.tradepharma.network
www.tesladuogroup.com