Hyperledger Project Explores Fighting Counterfeit Drugs with Blockchain
At a working group meeting of the Hyperledger blockchain project today, a representative for global professional services company Accenture pitched the early phases of a project designed to fight the spread of counterfeit drugs using blockchain technology. The details came during a meeting of the initiative's working group focused on project requirements. Accenture's connected devices software lead Primrose Mbanefo, who works with its Internet of Things business development team and helps produce some of the company’s proofs-of-concept, described how more efficient tracking of medicines....
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Counterfeit goods and ingredient sis a major threat to not just the financial ecosystem, but to the health of consumers around the world. Boston Scientific is the latest company being called out on using counterfeit ingredients, which could severely affect consumer health. If only these companies had used blockchain technology to ensure all of the materials used were genuine, this class action lawsuit would have been prevented. There is no denying the blockchain offers plenty of use cases that will affect the everyday life of both consumers and businesses all over the world. Most consumers....
Counterfeiting is a matter near and dear to all of our hearts, albeit fighting this trend seems all but impossible. Despite best efforts by government officials around the world, more and more counterfeit goods are making their way to legitimate marketplaces near you. Blockchain technology will play an important role in the battle against counterfeit goods, assuming manufacturers are willing to do something about this problem in the first place. To give you an example of how lucrative the counterfeiting business can be, it’s not just about printing fake currency bills. Fake goods, on the....
A blockchain project developed by several Japanese firms including by startup Soramitsu and IT giant Hitachi has been accepted into the Hyperledger blockchain initiative. Developed by Hyperledger member and blockchain startup Soramitsu, Iroha was first unveiled during a meeting of the project’s Technical Steering Committee last month. Iroha is being pitched as both a supplement to other Hyperledger-tied infrastructure projects like IBM’s Fabric (on which it is based) and Intel’s Sawtooth Lake. At the same time, Soramitsu is positioning Iroha as a means to encourage the development of....
The Hyperledger Project announced 17 new members that will collaborate in researching, developing and standardizing blockchain technology. Hyperledger Project Adds ‘Two New Members Per Week’. The project has attracted 80 business members since the inception of Hyperledger last year. “There’s been a tremendous response to our vision for creating an open....
IBM is firmly solidifying its proactive lead as a blockchain solutions provider with another launch of a blockchain platform in China, this time in the pharmaceutical retail sector. Developed in partnership between IBM and Chinese supply chain management firm Hejia, the Yijian Blockchain Technology Application System was launched this week with the aim to improve the operational efficiencies of supply chain finance among pharmaceutical retailers procuring drugs. The blockchain platform is based on the Hyperledger Fabric, code from the cross-industry open-source collaborative Hyperledger....