Blockchain Development for Pharmaceuticals
Blockchain technology in pharmaceuticals track goods as they move through its complex supply chain and tackle the issue of counterfeit meds. SoluLab is an enterprise blockchain development company that helps to improve patient care management by enhancing the research labs with more time to research and reducing explorative costs.
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How Blockchain is a Game Changer for Pharmaceuticals?
Among all industries, pharmaceutical has a complex supply chain. it involves multiple stakeholders at varied stages in the manufacture and distribution of a single drug. Blockchain enhances the value and credibility of medical, clinical trials by providing proof of identification. It also provides proof of authentication to all personnel authorized to conduct trials. This ensures that all fraudulent activities and medical crimes can be put to a full stop. Advanced supercomputer systems like Instant access medical (iAM) is one of the best examples of how blockchain uses its decentralized network to secure medical identities. Pooled ledgers, hyperledgers and distributed ledgers created with blockchain allow healthcare institutions to share information and provide equal treatments to everyone. Importantly, blockchain helps in creating an immutable vendor ecosystem to strengthen and speed up the supply chain process for all pharmaceuticals.
Business 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
Public Blockchain
Our Services for Blockchain in Pharmaceuticals
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Build open source applications to speed up data storage, data retrieval and increase the medical interoperability
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Analyze, perform legal clinical trials, digitally document results and secure data with private key encryption
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Use advanced track and trace for pharmaceuticals to identify authenticated drugs and pharma suppliers
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Use proof of creator to explore medical possibilities and authenticate new inventions for pharma evolution
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Build supercomputers that are not controlled by central authority to protect digital identities and transfer data
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Develop dApps that provide better P2P connection across multiple pharma and hospital institutions
Benefits of Hiring SoluLab for Blockchain in Pharmaceuticals
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
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They’re very agile and able to use the technology you need to solve the problem, not the other way around.
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