{"id":2488,"date":"2023-02-02T21:46:01","date_gmt":"2023-02-02T21:46:01","guid":{"rendered":"https:\/\/chekkitapp.com\/blog\/?p=2488"},"modified":"2023-02-02T22:00:26","modified_gmt":"2023-02-02T22:00:26","slug":"how-can-blockchain-help-pharmaceutical-supply-chain-traceability","status":"publish","type":"post","link":"https:\/\/chekkitapp.com\/blog\/how-can-blockchain-help-pharmaceutical-supply-chain-traceability\/","title":{"rendered":"How Can Blockchain Help Pharmaceutical Supply Chain Traceability?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2488\" class=\"elementor elementor-2488\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-03def06 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"03def06\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cf08f71\" data-id=\"cf08f71\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ab18dd elementor-widget elementor-widget-text-editor\" data-id=\"5ab18dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>One key area where <a href=\"https:\/\/medium.com\/@chopra.raghav2180\/explaining-blockchain-as-if-you-are-a-5-year-old-kid-df543f137f81\">blockchain (or decentralized technology)<\/a> is being used to improve the pharmaceutical supply chain efficiency is traceability and serialization.\u00a0<\/p><p>In this article, we will discuss how blockchain technology is revolutionizing traceability and serialization in the pharmaceutical industry\u00a0to improve supply chain efficiency, enhance patient safety, and reduce the incidence of counterfeit drugs.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d9dffa4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d9dffa4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5f780d2\" data-id=\"5f780d2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-72d4b7e elementor-widget elementor-widget-heading\" data-id=\"72d4b7e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is Traceability & Serialization?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-697dae8 elementor-widget elementor-widget-text-editor\" data-id=\"697dae8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"https:\/\/chekkitapp.com\/blog\/webinar-register-traceability-serialization-in-pharmaceuticals\/\">Traceability and serialization<\/a> are important aspects of the pharmaceutical supply chain. Traceability refers to the ability to trace the movement of a product through the supply chain, from the manufacturer to the patient. Serialization refers to the process of assigning a unique identifier, such as a barcode, to each individual unit of a product. Together, traceability and serialization help to ensure that products are authentic, safe, and can be easily traced in case of a recall.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0a00bd elementor-widget elementor-widget-image\" data-id=\"f0a00bd\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"575\" src=\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2022\/10\/chekkit-traceability-copy-1024x575.png\" class=\"attachment-large size-large wp-image-2028\" alt=\"chekkit traceability and pharma serialization software\" srcset=\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2022\/10\/chekkit-traceability-copy-1024x575.png 1024w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2022\/10\/chekkit-traceability-copy-300x168.png 300w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2022\/10\/chekkit-traceability-copy-768x431.png 768w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2022\/10\/chekkit-traceability-copy.png 1500w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79b930b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79b930b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1887c3e\" data-id=\"1887c3e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0cbef6d elementor-widget elementor-widget-heading\" data-id=\"0cbef6d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How's The Blockchain Related To Traceability?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c4e673a elementor-widget elementor-widget-text-editor\" data-id=\"c4e673a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Traditionally, these processes have been managed through centralized systems and databases, controlled by individual companies or third-party organizations. However, these centralized systems can be vulnerable to hacking, data breaches, and errors, and the data they contain is often siloed and inaccessible to other supply chain partners. This can make it difficult to gain a complete and accurate view of the supply chain and can also cause inefficiencies and delays.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70020f7 elementor-widget elementor-widget-image\" data-id=\"70020f7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"960\" height=\"540\" src=\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/centralizes-and-decentralized-storage.jpg\" class=\"attachment-large size-large wp-image-2491\" alt=\"\" srcset=\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/centralizes-and-decentralized-storage.jpg 960w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/centralizes-and-decentralized-storage-300x169.jpg 300w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/centralizes-and-decentralized-storage-768x432.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c01703 elementor-widget elementor-widget-text-editor\" data-id=\"5c01703\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Blockchain technology, on the other hand, is decentralized and distributed, meaning that information is stored on a network of computers, rather than in a single centralized location(s).\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-81461f2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"81461f2\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fae1c0b\" data-id=\"fae1c0b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22898fa elementor-widget elementor-widget-heading\" data-id=\"22898fa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the Advantages of Blockchain in the Supply Chain Traceability of Medicines<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d52b5ac elementor-widget elementor-widget-text-editor\" data-id=\"d52b5ac\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>So why would a brand or organization decide to store its traceability data on a decentralized system (blockchain) over a centralized system?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3a63463 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a63463\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-84265fd\" data-id=\"84265fd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3994b90 elementor-widget elementor-widget-heading\" data-id=\"3994b90\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. The Resilience<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eee92ea elementor-widget elementor-widget-text-editor\" data-id=\"eee92ea\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; font-family: Roboto, sans-serif; font-size: 20px; font-style: normal; font-weight: 400;\">First, let&#8217;s talk about resilience. In a centralized traceability system, a single point of failure can bring the entire system down. This is like having all your eggs in one basket and then dropping that basket. Ouch!<\/p><p style=\"font-variant-ligatures: normal; font-variant-caps: normal; font-family: Roboto, sans-serif; font-size: 20px; font-style: normal; font-weight: 400;\">But in a decentralized traceability system, multiple parties can access and update the information, meaning that if one party experiences a disruption (such as a power outage), the rest of the system can still function. This is like having multiple baskets with eggs, and if one basket falls, you still have eggs in the other baskets. Smart, right?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b13d22b elementor-widget elementor-widget-text-editor\" data-id=\"b13d22b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If a natural disaster occurs for example, a decentralized traceability system would allow hospitals in unaffected areas to access the information they need to continue providing care to patients, while a centralized system might be completely unavailable.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-447a33e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"447a33e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-8d7466f\" data-id=\"8d7466f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-03956d9 elementor-widget elementor-widget-heading\" data-id=\"03956d9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. The Security<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-60b075d elementor-widget elementor-widget-text-editor\" data-id=\"60b075d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Next, let&#8217;s talk about security. In a centralized traceability system, a hacker only needs to gain access to one point in order to compromise the entire system. But in a decentralized traceability system, the information is spread across multiple nodes, making it more difficult for an attacker to compromise the entire system.\u00a0<\/p><p>For example, if a hacker manages to gain access to one node, they would still need to gain access to multiple other nodes to tamper with the information. This can provide an extra layer of security for sensitive information, such as patient records.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e4a3b8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e4a3b8b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-9c36274\" data-id=\"9c36274\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f497c11 elementor-widget elementor-widget-heading\" data-id=\"f497c11\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. The Efficiency<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73a0c23 elementor-widget elementor-widget-text-editor\" data-id=\"73a0c23\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Now, let&#8217;s talk about speed. In a centralized traceability system, a single authority controls the flow of information, which can slow down the process of tracking and verifying products. This is like having a post office with only one window and a long line of customers waiting to be served. But in a decentralized traceability system, multiple parties can access and update the information, which can speed up the process of tracking and verifying products. This is like having multiple post office windows and multiple customers being served at the same time. It&#8217;s like a drive-thru for information.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fb5b98 elementor-widget elementor-widget-text-editor\" data-id=\"9fb5b98\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul><li><em><a href=\"https:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/pt\/Documents\/blockchainsupplychain\/IE_C_TL_Supplychain_meets_blockchain_.pdf\">A study by Deloitte<\/a> showed that using blockchain technology in the pharmaceutical supply chain can reduce the time required to track a product from the original point of manufacture to the point of consumption by up to 50%.<\/em><\/li><\/ul><ul><li><em>As you must know, an increase in the speed and efficiency of doing things will usually result in a reduction in costs. Another <a href=\"https:\/\/newsroom.accenture.com\/news\/dhl-and-accenture-unlock-the-power-of-blockchain-in-logistics.htm\">study by Accenture<\/a> found that using blockchain technology in the pharmaceutical supply chain can reduce costs by up to 30%.<\/em><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-adba5d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"adba5d6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e8e665\" data-id=\"6e8e665\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2d4463d elementor-widget elementor-widget-heading\" data-id=\"2d4463d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can Blockchain Be Used With The Existing Traceability Regulations?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2eaed0d elementor-widget elementor-widget-text-editor\" data-id=\"2eaed0d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The current standard for pharmaceutical traceability is <a href=\"https:\/\/chekkitapp.com\/blog\/what-is-the-gs1-epcis-standard-in-supply-chain-traceability\/\">the GS1 EPCIS (Electronic Product Code Information Services) standard<\/a> as can be seen in the image below:<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81f15b0 elementor-widget elementor-widget-image\" data-id=\"81f15b0\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"392\" src=\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-02-at-22.37.28-1024x392.jpg\" class=\"attachment-large size-large wp-image-2505\" alt=\"GS1 epcis pharma traceability standard codes\" srcset=\"https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-02-at-22.37.28-1024x392.jpg 1024w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-02-at-22.37.28-300x115.jpg 300w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-02-at-22.37.28-768x294.jpg 768w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-02-at-22.37.28-1536x588.jpg 1536w, https:\/\/chekkitapp.com\/blog\/wp-content\/uploads\/2023\/02\/Screenshot-2023-02-02-at-22.37.28.jpg 1718w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">The types of barcodes that go on different packaging levels in line the GS1 EPCIS standard<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcb9be2 elementor-widget elementor-widget-text-editor\" data-id=\"bcb9be2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-size: 20px; color: var( --e-global-color-text );\">\u00a0<\/span><\/p><p><span style=\"font-size: 20px; color: var( --e-global-color-text );\">The perfect example of how blockchain can align seamlessly with the EPCIS standard is Chekkit&#8217;s Pharma Ledger. <a href=\"https:\/\/www.gs1ng.org\/SolutionProvider\/SolutionProviders\">As a GS1 solution provider<\/a>, Chekkit&#8217;s Traceability software is already fully integrated with the EPCIS repository and capable of securing sensitive product &amp; patient data on the blockchain.<\/span><\/p><p>In other\u00a0instances, IBM has partnered with major pharmaceutical companies such as Walgreens and KPMG to develop a blockchain-based supply chain platform for the tracking of drugs. Another example is the project piloted by Mediledger, which is a blockchain-based traceability system for the pharmaceutical industry.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-010fbd1 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"010fbd1\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c228f1f\" data-id=\"c228f1f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6db78f8 elementor-widget elementor-widget-text-editor\" data-id=\"6db78f8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you&#8217;re a pharmaceutical manufacturer looking to reduce costs and improve the efficiency of your supply chain, consider <a href=\"https:\/\/chekkitapp.com\/blog\/how-to-implement-serialization-in-pharmaceutical-packaging\/\">implementing a traceability system<\/a>. Our traceability software can help you achieve these goals, and we would be happy to walk you through how the implementation will work.\u00a0<\/p><p><span style=\"text-decoration: underline;\"><a href=\"https:\/\/chekkitapp.com\/blog\/demo-request-page\/\">Get started for free by requesting a demo here<\/a><\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>One key area where blockchain (or decentralized technology) is being used to improve the pharmaceutical supply chain efficiency is traceability and serialization.\u00a0 In this article, we will discuss how blockchain technology is revolutionizing traceability and serialization in the pharmaceutical industry\u00a0to improve supply chain efficiency, enhance patient safety, and reduce the incidence of counterfeit drugs. What [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[5,3,2],"tags":[],"class_list":["post-2488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-anti-counterfeiting-consumer-protection","category-product-authentication","category-supply-chain","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.2.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Can Blockchain Help Pharma Supply Chain Traceability?<\/title>\n<meta name=\"description\" content=\"As more countries implement strict regulations, here&#039;s how blockchain can help in pharmaceutical supply chain traceability for transparency\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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