Blockchain for Tracking and Verifying Prescription Drugs in US

Blockchain start-up Chronicled, which links the physical and digital worlds with cryptographic identity chips and blockchain technology and recently raised $6.25M, and the LinkLab, a life sciences supply chain consultancy, have launched a serialized ‘track and trace’ pilot for the pharmaceutical industry.

The pilot launched at a one-day event in San Francisco, where the start-up gathered feedback on the launch of a blockchain-based compliance protocol for that will satisfy the Drug Supply Chain Security Act. The goal of the pilot is to build an electronic, interoperable system to identify and track prescription drugs as they are distributed in the United States. It has come as a response to requirements from US FDA to better protect consumers by improving counterfeit detection and removal of potentially dangerous medicines.

 

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