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Little Find

Vaccines and blockchain

Fake screening kits, faulty respirators, a lack of masks, and stolen medical equipment have all undermined the pharmaceutical industry’s supply chain, which had already been adversely affected by counterfeiting. Imagine the chaos when a Covid vaccine finally becomes available!

The pharmaceutical industry is already preparing for a vaccine with the help of blockchain technology. Major laboratories – along with distributors, production sites, and transporters – have formed a consortium, the MediLedger Network, to secure their supply chain without the need to share confidential data. Is the product authentic? Can it still be used? A simple scan of the barcode will tell you. 

 

The efficiency and speed of logistics are also improved: fewer control points and document exchanges are needed, which means faster delivery and inventory management. The same approach is also relevant for other sectors where high standards are imperative 

To go further: Why Big Pharma Is Betting on Blockchain by Alison McCauley (Harvard Business Review, May 2020). 

Françoise Tollet
Published by Françoise Tollet
She spent 12 years in industry, working for Bolloré Technologies, among others. She co-founded Business Digest in 1992 and has been running the company since 1998. And she took the Internet plunge in 1996, even before coming on board as part of the BD team.