Published on October 12th, 2017 | by bitcoin0
blockchain for pharmaceutical supply
Medication is complex to source, and often supply chains can be mixed up, opening the door for counterfeiting.
This problem results in huge amounts of unsafe medication coming to market without appropriate levels of supply chain transparency, putting users at risk.
Recent efforts from companies like Pfizer, BlockRx, and Genetech have sought to create blockchain systems that track the supply chain of medications from pre-manufacture all the way into the patient’s hands.
BlockRx, for example, is a series of initiatives by blockchain company iSolve LLC and aims to provide a framework to supply chain compliance as the laws and regulations take effect worldwide.”
Supply chain rethink
Blockchain technology has already been used successfully in the supply chain marketplace.
Because Blockchain technology provides an immutable and transparent link between each stage of the production process, it provides a system that is simple to audit for regulators.