Tech & Science FDA explores using blockchain to track drug supplies
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The U.S. Food and Drug Administration ( FDA ) is currently trying to improve the safety and quality of the products available for consumers. Using blockchain technology it will be possible for the agency to ensure greater accountability in the nationXCHARXs drug supply chain.
The U.S. Food and Drug Administration ( FDA ) is currently trying to improve the safety and quality Using blockchain technology it will be possible for the agency to ensure greater accountability in The intention is to launch the track -and- trace system for the industry in 2023. In order to improve this
The US Food and Drug Administration wants to be sure sketchy drugs don't find their way to hospitals and pharmacies, and it's mulling a technological solution to keep medicine safe. The agency has launched a pilot program that will let the drug supply chain explore ways to track prescription medicine. While the FDA isn't specific about what tech companies would use, it noted that blockchain was one example. The same decentralized trust system that can trace the origins of your lettuce could also verify that your pills come from a legitimate source.
Companies have until March 11th to apply to participate in the pilot. You'll have to wait a while to see the resulting technology in widespread use, mind you. The tracking system isn't slated to take effect until 2023, 10 years after the law mandating the technology (the Drug Supply Chain Security Act) took effect.
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The U.S. Food and Drug Administration ( FDA ) is currently trying to improve the safety and quality of the products available for consumers. Using blockchain technology it will be possible for the agency to ensure greater accountability in the nationXCHARXs drug supply chain.
Using blockchain technology it will be possible for the agency to ensure greater accountability in the nation’s drug supply chain. O FDA is now launching a pilot project in which participants that represent the drug supply can use new verification methods to ensure that suspect and illegitimate
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The pilot might still be well-timed. The US continues to grapple with an opioid addiction problem. A technology like blockchain could reduce the chances of opioids and other dangerous drugs escaping the supply chain, and could identify where those drugs came from if and when they do get into the wild. That, in turn, could discourage rogue employees and suppliers from selling medicine to people who don't really need it.
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Topical videos:
MediLedger: Building an Open Network for the Pharmaceutical Supply Chain
The MediLedger Project was started in 2017 by Chronicled to bring together leading Pharmaceutical Manufacturers and Distributors to explore blockchain ...
GOTO 2018 • Let’s All just Agree: Achieving Consensus in Blockchain-based Systems • Stefan Tilkov
This presentation was recorded at GOTO Amsterdam 2018. #gotocon #gotoams http://gotoams.nl Stefan Tilkov - Co-founder & Principal Consultant at innoQ ...
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