M3taHealth News
  • Home
  • Healthcare
  • Cryptocurrency
  • NFTs
  • Blockchain
  • Web 3.0
  • VR
  • Finances
  • Legislation

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Cool Cats Rebrands to Recapture its Early Glory

February 3, 2023

Steve Aoki and Seth Green Partner with Shibuya.xyz

February 3, 2023

Dungeons & Dragons Changes NFT Policy

February 3, 2023
Facebook Twitter Instagram
Saturday, February 4
Facebook Twitter Instagram
M3taHealth News
  • Home
  • Healthcare

    Organizing and Catalyzing the Cannabis Industry

    April 9, 2022

    KitChain – Collaborative Model for Pharmaceutical Clinical Supply Chains

    April 9, 2022

    MediBloc – Building a Patient-Centric Healthcare Data Platform

    April 8, 2022

    The Launch of WELL’s Web Platform

    April 3, 2022

    Supply Chain and Blockchain: The Future of Pharmacy

    April 3, 2022
  • Cryptocurrency

    Bottom Fishing: 2 Big Yields For February

    February 2, 2023

    Top 5 blockchain projects in the healthcare sector to follow in 2023 – Cryptopolitan

    February 2, 2023

    ‘Retirees, grandmothers, lower-income folks’ have been hurt by crypto

    February 1, 2023

    Blockchain Technology in Healthcare Market Report 2023: Viability for Secure Data Storage and Exchange Boosts Adoption

    February 1, 2023

    Nuvei CEO: Paya Bid Taps on Payment Opportunity

    February 1, 2023
  • NFTs

    Cool Cats Rebrands to Recapture its Early Glory

    February 3, 2023

    Steve Aoki and Seth Green Partner with Shibuya.xyz

    February 3, 2023

    Dungeons & Dragons Changes NFT Policy

    February 3, 2023

    Blankos Block Party Drops February Bizaarnival

    February 3, 2023

    Immutable X All-Access Immutable Gaming Passport

    February 2, 2023
  • Blockchain

    OriginTrail – Improving Transparency for Organic Meat Farmers

    April 9, 2022

    PotCoin – How it’s Filling the Yawning Gap in the Cannabis Industry

    April 9, 2022

    Proposing an Open Interoperable Data Standard Solution

    April 8, 2022

    Akiri leveraging blockchain to create trust for sharing healthcare data

    April 3, 2022

    VitalHub Bockchain Healthcare Solution Provider for Mental Health

    April 3, 2022
  • Web 3.0

    BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations

    February 2, 2023

    The 10 most promising tools for Web 3.0 development

    February 2, 2023

    Hitachi to Strengthen Business Structure to Accelerate Growth through Digital, Green, and Innovation

    February 2, 2023

    Regulatory Clarity, Adoption, and Other Expectations of the Crypto Industry In 2023  » CryptoNinjas

    February 2, 2023

    Wormhole Picked as Uniswap’s Governance Bridge to BNB Chain

    February 1, 2023
  • VR

    Meta’s Stock Soars, Samsung’s New XR Partnership, Prisms VR Math App Raises $12 Million

    February 2, 2023

    Hands-on with Gran Turismo 7’s free PS VR2 update, out February 22 – PlayStation.Blog

    February 2, 2023

    Unilumin, Megapixel VR and Userful Certify Advanced AV and LED Solutions for the Enterprise

    February 2, 2023

    Researchers Have Uncovered New Functions of the “Ancient Brain”

    February 2, 2023

    Samsung partners with Google & Qualcomm for mixed reality

    February 1, 2023
  • Finances

    Explaining legal challenges to Biden’s student loan forgiveness plan

    February 2, 2023

    What Kansas, Lance Leipold prioritized in 2023 signing class

    February 2, 2023

    BlackRock launches ETF savings plans in Europe | ETF Strategy

    February 2, 2023

    Why 2022 was the ‘real year’ of the Great Resignation

    February 1, 2023

    ADP jobs report January 2022:

    February 1, 2023
  • Legislation

    What is the George Floyd Justice in Policing Act?

    February 2, 2023

    16 bills proposed to make adoption and child care easier in Tennessee

    February 2, 2023

    Tacoma City Council votes to support drug possession legislation reform

    February 2, 2023

    Lawmakers again propose allowing Milwaukee to install red light cameras to target reckless driving

    February 2, 2023

    Mass. lawmakers refile legislation to expand non-English language state resources

    February 1, 2023
M3taHealth News
You are at:Home»Healthcare»Supply Chain and Blockchain: The Future of Pharmacy
Healthcare

Supply Chain and Blockchain: The Future of Pharmacy

adminBy adminApril 3, 2022No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
pharmacy-scaled.jpg
Share
Facebook Twitter Pinterest WhatsApp Email
pharmacy

Interest in blockchain Distributed ledger Technology (DLT) has exploded in recent years with a major focus on the financial industry. Meanwhile, healthcare and pharmaceutical companies around the world are looking at DLT as a way to solve, protect, and streamline their businesses. There are many applications of DLT in the medical industry, but one of the areas where this technology excels is in the supply chain. Industry estimates indicate that annual sales range from $ 163 billion to $ 217 billion, and counterfeit medicines are the most profitable sector of the world’s trade in illegally copied goods. Fraudulent drugs can hurt or kill millions of people around the world, seriously damaging the brand names and profits of major pharmaceutical companies.

A Blockchain The base system may be better at protecting consumers from counterfeit medicines by encoding logs detailing each stop in the supply chain. In this case, consumers can check the digital archive to verify the legitimacy of their medicine. The decentralization of technology ensures that all actors in the pipeline do not make suspicious changes to the log. The Pharmaceutical Quality and Security Act (DSCSA) is a regulation that requires an electronic, interoperable system for identifying and tracking prescription drugs distributed in the United States. The law was originally passed in 2013, but will not be fully enforced until 2023. Similar programs are being implemented in other countries. All manufacturers, distributors, and dispensers of prescription drugs on the US market must comply.

The immutability and proven capabilities of the blockchain provide the basis for the manageability of medicines from manufacturing to the end consumer and identify where the supply chain is broken. Companies with impending DSCSA regulations, such as the MediLedger Project and Simply Vital, are industry leaders in healthcare-oriented blockchain technology. MediLedger is a collaboration between Chronicled and The Link Lab that integrates both pharmaceutical supply chain and blockchain technologies. Their intention is to facilitate blockchain utility dialogue to enhance the ability of pharmaceutical companies to manage their supply chains.

SimplyVital has developed two products for the healthcare industry, both of which address different aspects. Connecting care and health nexus. Connecting care is designed for healthcare providers such as hospitals. This technology allows customers to streamline their data and save time and money. According to Lucas Hendren, CTO of Simply Vital, “This helps lump-sum payment providers gain insights into what happens when a patient is discharged, using care adjustments and financial forecasts. This is a strategic early use case for blockchain in healthcare as it uses the blockchain as an immutable audit trail. ”Connecting care is already a hit with its minimal viable product. ..

Health Nexus, another blockchain protocol created by SimplyVital, helps the healthcare industry and consumers store, distribute, and protect healthcare data. Not only that, Health Nexus enables individuals to sell their data to interested third parties through secure pipelines and marketplaces. Blockchain protocols like Health Nexus have the potential to play a major role in medical research. These protocols can also enhance consumer feedback loops and save lives.

Blockchain is already influencing the medical industry and we are only aiming to speed it up from here. Blockchain healthcare rallyAccording to an IBM survey, 56% of the healthcare executives surveyed had a solid plan to implement a commercial blockchain solution by 2020. As the capabilities of machine learning and artificial intelligence permeate the medical industry, the need for blockchain solutions will increase. Exponentially.

Founder and DeepSee

Travis is the founder and CEO of DeepSee, a blockchain-based content aggregation, validation and monetization platform. Travis has many years of experience as a machine learning startup, has been doing growth marketing for many years, and previously ran computer vision startups PhotoKharma, Inc.

Latest post by Travis Garland ((((See all).
Blockchain Chain Future Pharmacy Supply
admin
  • Website

Related Posts

BlockJoy Secures Nearly $11 Million From Gradient Ventures, Draper Dragon, Active Capital and More To Launch Decentralized Blockchain Operations

By adminFebruary 2, 2023

Top 5 blockchain projects in the healthcare sector to follow in 2023 – Cryptopolitan

By adminFebruary 2, 2023

Wormhole Picked as Uniswap’s Governance Bridge to BNB Chain

By adminFebruary 1, 2023

Blockchain Technology in Healthcare Market Report 2023: Viability for Secure Data Storage and Exchange Boosts Adoption

By adminFebruary 1, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Cool Cats Rebrands to Recapture its Early Glory

By adminFebruary 3, 2023

when cool cat Coming out in late 2021, the project was one of the hottest…

Steve Aoki and Seth Green Partner with Shibuya.xyz

February 3, 2023

Dungeons & Dragons Changes NFT Policy

February 3, 2023

Blankos Block Party Drops February Bizaarnival

February 3, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Cryptocurrency

Bottom Fishing: 2 Big Yields For February

By adminFebruary 2, 2023

Top 5 blockchain projects in the healthcare sector to follow in 2023 – Cryptopolitan

By adminFebruary 2, 2023

‘Retirees, grandmothers, lower-income folks’ have been hurt by crypto

By adminFebruary 1, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

M3taHealth News
Facebook Twitter Instagram LinkedIn Discord
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
© 2023 Meta Health. All Rights Reserved

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 23,427.28
ethereum
Ethereum (ETH) $ 1,663.04
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 332.67
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.410692
binance-usd
Binance USD (BUSD) $ 0.999350
cardano
Cardano (ADA) $ 0.402253
dogecoin
Dogecoin (DOGE) $ 0.094177
matic-network
Polygon (MATIC) $ 1.24