Blockchain Traceability Feature Prevents Falsification of Medicines and Manipulation of Distribution History

Chaintope, a company whose mission is to implement blockchain to our society, agreed with AEON ASIA and GS1 Malaysia to carry out a project to improve transparency in managing and distributing drug history using blockchain technology.

Traceability refers to being able to manage availability and historical records that allows tracking of the manufacturing and distribution process of a product under a name

The realization of traceability in medicine will enable rapid response in the recall of products, in addition to preventing fake distribution, as the supply-chain becomes visible.

People can also expect that the realization of traceability will lead to greater transparency in the distribution industry and improved consumer confidence due to changing the strong monopoly status of the pharmaceutical industry by dividing it to numbers of smaller companies.

Meanwhile, the realization of traceability using blockchain is an active use case of blockchain technology other than cryptocurrency. Similar efforts are made in the food industry as well as medicine to prevent the disguise and skeptical method of production by enabling traceability.

Reporter Gina Lee (news@dailycoinews.com)의 기사 더 보기

- Daily Coin News prioritizes the voice from the scene over others(news@dailycoinews.com) -

- 기사에 사용된 모든 자료에 대한 책임은 작성자 본인에게 있습니다 -

[copyrightⓒ 2018 All rights reserved by Daily Coin News]

Bitcoin price when registering article
BTC-USD : $ 11,336.00 USD (API by Bitfinex)

2 0 Write