Blockchain applications in pharma
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Supply chains
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Data exchange
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Transactions
Use case 1. Traceable supply chains
Currently
Opaque supply chains and non-validated records all the way from manufacturers to dispensers make it easy for counterfeit drugs to reach pharmacy shelves.
With blockchain
Get accurate, traceable, and validated supply chains, with every action performed digitally and recorded in a tamper-proof blockchain ledger.
Use case 2. Streamlined trial data exchange
Currently
Trial data remains mostly dispersed across medical institutions; organizations are likely to exchange those in silos, which disrupts their centralized management.
With blockchain
Establish distributed data exchange among institutions, with immediate, transparent access to required trial information through a blockchain ledger.
Use case 3. Automated transactions
Currently
Cross-border transactions between drug suppliers and medical institutions often result in delayed payments at exorbitant fees, with risks of hacks and fraud.
With blockchain
Automate and secure cross-border payments with smart contracts enforcing fast, low-cost, and permanent transactions through autonomy and encryption.