Blockchain could rid pharma supply chains of counterfeit, improperly stored, and expired drugs. And it could also seriously improve overall contemporary healthcare, and some companies are already moving towards it.
Counterfeit drugs are a global problem. The World Health Organization estimates that in low- and middle-income countries, one in 10 medicines on the market is counterfeit or of poor quality. The use of such low-quality products can harm the mortality rate of the population.
Medicines go through a supply chain that involves multiple players – the manufacturer, the wholesaler, and the retailer. They are involved in the manufacturing, transportation, and sale of these products. It is also important that the regulatory agency has access to data about the system.
FCE Group built a blockchain that demonstrates supply chains and checks documents, records, medications, and medical devices for originality. Blockchain-based systems can provide
Medicines go through a supply chain that involves multiple players – the manufacturer, the wholesaler, and the retailer. They are involved in the manufacturing, transportation, and sale of these products. It is also important that the regulatory agency has access to data about the system.
FCE Group built a blockchain that demonstrates supply chains and checks documents, records, medications, and medical devices for originality. Blockchain-based systems can provide
