How it works?

What

Problem we are solving

Track and trace a drug at the unit level from the point of commissioning to the point of dispense
Transmit alerts throughout the network about drugs that have been flagged as under investigation or recalled status, to prevent the products from further shipment or dispense
Complete verification requests to inquire about a drug’s validity by any participating stakeholder and end-customer
The Covid pandemic has seen an unprecedented rise in fake medicines especially in the developing countries
Stock shortages and stock-outs due to delays in transportation which is linked with lack of transparent and visible supply chain
Need of an equitable and consensus distribution model for COVID vaccine.

Why

Falsified Products
According to the World Health Organization (WHO), 1 in 10 medical products “is substandard or falsified (SF)” in developing nations.
Counterfeit Medications
According to various local and international reports 20-30% medicines falls under SF category and 1 million people die globally because of counterfeit medications annually
Exceed Costs
The Organization for Economic Cooperation and Development (OECD) has estimated that the counterfeit medical sector costs more than $200 billion yearly.

How

The world needs a transparent and fully-traceable medical supply chain system, which the blockchain technology can effortlessly provide.
As the drug moves through the supply chain, each transaction would therefore be noted and time-stamped using the ledger to ensure security and safety of the product.