Usage of Blockchain in Pharmaceuticals

The pivotal cause to develop the Blockchain solution in the medicines and pharmaceuticals industry was to tackle the movement of pharmaceuticals and drugs in the entire value chain of the industry. Right from ensuring the raw materials procured by the suppliers to the end product reaching the hands of the customer; ie. driving the supply chain from the factory to the dealers and subsequent retail to hospitals and finally to the end customers ensure the safety and authenticity of the drugs. This breakthrough digital process of validating the ledger to the community can save lives of more than 1m people who die due to drug counterfeiting and low-quality drugs due to errors of expiry and ineffectiveness of raw materials.

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