pharmaceutical industry News
Latest pharmaceutical industry News
VeChain and TruTrace have officially revealed the list of sectors they will incorporate into the blockchain network, according to a recent Tweet. The platform will integrate TruTrace’s legal cannabis, food, fashion, and pharmaceutical businesses, according to the statement. Basic Needs…
The counterfeit business is thriving, while genuine businesses are suffering greatly. According to one report, counterfeit goods cost the global economy an estimated $323 billion in 2018. As stated by Forbes, counterfeiting is the world’s largest illegal industry. By 2022,…
In a bid to bring more transparency to the supply chain of pharmaceutical goods, retail giant Walmart has joined blockchain consortium MediLedger, Coindesk reports, June 3, 2019. Tracking Pharmaceutical Goods with Blockchain Although blockchain technology is making encouraging inroads across…
Pharmaceutical giants Pfizer and Genentech, two conglomerates with a combined market cap of over $300 billion, have introduced the MediLedger project, a blockchain platform built on top of the Ethereum protocol to prevent counterfeit medicine and pills entering large-scale supply…