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Briefing
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- Pharmaceuticals Supply Chain Blockchain – Logistics firm DHL and professional services company Accenture released report on blockchain technology prototype for tracking pharmaceuticals supply chain, from development of medicines to reaching customers
- Features – Has nodes in six geographies for tracking pharmaceuticals across global supply chain, and can handle more than seven billion unique serial numbers and 1,500 transactions per second
- Shareable Across Stakeholders – Can be shared among stakeholders, including manufacturers, warehouses, distributors, pharmacies, hospitals, and doctors
- Addressing Drug Counterfeit – Aims to address proliferation of counterfeit drugs, which causes one million deaths per year, and makes up 30% of pharmaceuticals sold in emerging markets
- Advantages – Reduces tampering and error, while promoting greater drug safety and lower costs
- Other Blockchain Solutions – Report also explores blockchain use for asset management to improve transparency and traceability, as well as smart contracts which automatically facilitate and verify contracts without third parties
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Healthcare/Health Sciences
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Organization
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DHL International GmbH
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Source
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Original Publication Date
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March 12, 2018
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