How Blockchain is a Game Changer for Pharmaceuticals?

Pharmaceuticals have one of the most complicated supply chains of any industry. Several parties are involved at various times throughout the production and distribution of a single medication. By supplying identifying verification, blockchain raises the value and legitimacy of medical and clinical research. Additionally, it offers all people qualified to conduct trials proof of authenticity. This makes it possible to completely put a stop to all fraudulent operations and medical offenses. One of the most effective instances of how blockchain leverages its decentralized network to secure medical identities is Instant access medical (iAM), a cutting-edge supercomputer system.

Business Models for Blockchain in AgricultureBusiness Models

Blockchain for Pharma Supply Chain Management

Transparency in origin point of medicines with Proof-of-concept

Blockchain for Clinical Research & Management

Use digital ledgers to identify and validate various medical products

Blockchain for Preventing Counterfeit Drugs

Mitigate the gap between consumer awareness and new drugs globally

Blockchain for Inventory Management

Re-stock and keep the reduce the shelf life of medicines by continuous sales

Types of Blockchain

  • Private Blockchain

    Allow authorized pharma’s to conduct clinical trials for research and development of find better cures for rare diseases

  • Public Blockchain

    Allow pharmaceuticals to create their own nodes and system infrastructure to allow any supplier to deliver medicines with PoA

Our Services for Blockchain in Pharmaceuticals

Managing Health Records

Build open source applications to speed up data storage, data retrieval and increase the medical interoperability

Securing Patient Safety

Analyze, perform legal clinical trials, digitally document results and secure data with private key encryption

Create compliance with ATTP

Use advanced track and trace for pharmaceuticals to identify authenticated drugs and pharma suppliers

Enhance Discovery and Development

Use proof of creator to explore medical possibilities and authenticate new inventions for pharma evolution

Vanguard of building supercomputers

Build supercomputers that are not controlled by central authority to protect digital identities and transfer data

Development of mobile/web applications

Develop dApps that provide better P2P connection across multiple pharma and hospital institutions

Benefits of Hiring Afkkarr for Blockchain in Pharmaceuticals

Create interoperable dApps with enhanced utility and performance

Use PROOF to build meaningful and trust in the stored data

Build compliance with HIPAA & GDPR with proof ledger

Eliminate multiple providers and cut down the expensive pharma administration

Create a knowledgeable ecosystem between doctors and pharmaceuticals

Protect all IP data, IP assets and records created using public/private key

Technology and Tools We Use

  • Ethereum

    Enables developers to build and deploy decentralized applications

  • Hyperledger

    A shared ledger that utilizes cryptography and supports smart contracts

  • Solidity

    A statically-typed programming language designed for developing smart contracts

  • Truffle

    Act as a developer environment and testing framework for blockchain technology

  • R3 Corda

    Open source blockchain designed specifically to meet the demands of modern day businesses

  • Ripple

    Provides one frictionless experience for sending and receiving money globally

  • Quorum

    Platform that addresses specific challenges to blockchain technology adoption within the financial industry and beyond

  • IOTA

    Open-source distributed ledger built to power the Machine Economy through fee-less micro-transactions and data integrity