News / US pushes for blockchain solution to better control pharma supply chain

Scientist Choosing Data Block Entry In Blockchain

17/06/2019

IBM and Walmart have been selected for a US government programme to develop a track and trace system for domestic pharmaceutical shipments using blockchain.

Together with KPMG and Merck, they were chosen by the US Food and Drug Administration (FDA) to participate in the pilot, scheduled for completion ...

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jeff Lozinski
June 19, 2019 at 12:23 pm
The #1 attribute to the Blockchain is its ability to Trace INS and OUTS. Blockchain projects have not met hyped expectations because most of these use cases are based on trying to do more than the blockchain should do. Some industries like Pharma already do a great job of tracing the product and lot codes. This simply needs to be posted to the Blockchain to provide what seems to be most important is verification of the source, and protection of the consumer from fake products.. The blockchain in its true form is a very inexpensive way to achieve the results that will promote Trust, Transparency, and Traceability. TraceabilityBlockchain exists today and can be as simple as posting from an excel file or can use a simple API from any SaaS.

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