Blockchain benefits to the pharmaceutical industry

The blockchain network in the pharmaceutical sector has various applications and its use is already generating a huge impact.

Currently, the Blockchain has increased the trust, transparency, security and traceability of the data shared in the pharmaceutical industry and generating significant cost savings.

As pharmaceuticals progressively increase their processes in the supply chain, each one of them creates a registry. The audit process indicates that an item can be traced from source to pharmacy or retailer, helping prevent counterfeiting and allowing manufacturers to locate a recalled product in seconds.

The Blockchain supports the audit of medicines and an adequate supply. In fact, this solution is used today to have complete traceability of all the components of a medicine that is consumed or prescribed from hospitals and private clinics.

Pharmaceutical companies can also use this technology to store information about drugs and medicines, guaranteeing that this data cannot be altered, avoiding possible falsifications.

We can summarize the usefulness of blockchain in the pharmaceutical industry in the following points:

  • Store important information guarantee its security to prevent it from being exposed to third parties.
  • Cost reduction.
  • Share data between laboratories and manufacturers securely.
  • Certify the authenticity of medicines.

It is important to highlight that the use of blockchain in the health and pharmaceutical industry offers numerous benefits, which is why more and more companies see reliable solutions in the blockchain that are adequate to current demand needs.

https://www.ibm.com/es-es/topics/benefits-of-blockchain#:~:text=Blockchain%20aumenta%20la%20confianza%2C%20la,gracias%20a%20sus%20nuevas%20eficiencias.

https://www.ambit-bst.com/blog/blockchain-en-la-industria-farmac%C3%A9utica

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