Pharmaceuticals

Blockchain In Pharmaceuticals: The Benefits

Blockchain is an advanced technology that has made it possible for multiple parties (e.g., pharmaceutical companies, hospitals, etc.) to share data transparently and securely. Thanks to blockchain, pharmaceuticals can create an auditable, verifiable, and immutable distributed ledger of transactions, which again curbs the numerous challenges (e.g., regulatory compliance, counterfeit drugs/prescriptions, data silos, cold chain logistics, etc.,.) in the industry. Adopting blockchain…