DHL and Accenture want to follow pharmaceuticals from the producer of the medication to the pharmacist who gives the prescription to the patient, using Blockchain pharmaceutical supply chains more efficient. This could potentially save the lives of many patients that die because of counterfeit medicine.
DHL, a large logistics company, partnered with Accenture to study the application of Blockchain in pharmaceutical supply chains. They completed their proof of concept, DHL claims it was a success.
According to Interpol, counterfeit medication takes the lives of more than 1 million people every year. 30% of the medicine sold in developing countries is counterfeit.
Many companies have realized the potential of the blockchain technology for supply chains. An alliance of large logistic companies called The Blockchain in Transport Alliance has even been created to facilitate the implementation of the technology.