a pharmaceutical company is using blockchain

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Pfizer, Sanofi, and Amgen Partner Blockchain Technology
According to the companies, blockchain technology could help solve current problems and speed up drug development.


How is blockchain used in pharmaceutical industry?

Blockchain This can be used to ensure that reliable and accurate data is available and that everyone involved in the pharmaceutical supply chain and manufacturing process has a single version of the truth. It can enhance the supply chain’s visibility by providing data.


Which pharma companies use blockchain?

Pfizer, Amgen and Sanofi, pharma giants, are looking to improve the development and testing of new drugs using blockchain technology. These companies believe that blockchain technology can be used to improve efficiency, accelerate R&D and reduce drug development cost.


Are any companies actually using blockchain?

Microsoft, Tencent, Nvidia and J.P. Morgan are just a few of the 27 companies operating live blockchain operations.


How does Pfizer use Blockchain?

NEW YORK, (Reuters) – Some of the largest pharmaceutical companies in the sector include Pfizer Inc PFE. N and Eli Lilly and Co LLY. Officials at N have created a blockchain-based tracking system for prescription drugs in order to prevent counterfeit medicines from entering the supply chain, they said Friday.


Could Blockchain improve pharmaceutical supply chain security?

Blockchain This platform creates opportunities to grow. trust Transparency and traceability of products across the supply chain. The drug packaging can be scanned using blockchain at any stage in the chain and whenever ownership changes.






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