“One in ten medical products are fake” — Discover how blockchain technology tackles this issue and improves supply chain traceability.
, which can aid in identifying and stopping the sale of counterfeit goods. Blockchain establishes an immutable and transparent record of a product’s path from maker to end-user by documenting every transaction and movement of a product on a decentralized ledger.
Manufacturer: The company that creates and packages the medication also logs the specifics of that process on the blockchain. End-user: After the medication has been purchased, the end-user can scan the blockchain-based QR code on the packaging to confirm its legitimacy. Blockchain technology is decentralized, which means it is not governed by a single organization. This makes it difficult for hackers to attack and manipulate the system, offering an added degree of security.
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