HashCash announced a partnership with a US pharma enterprise, offering its expertise in blockchain traceability for medical supply chains.
HashCash Consultants added another achievement to its growing list of accolades. The company declared a collaboration with a multinational US pharma corporation, where the former will be offering its blockchain expertise for improving traceability and streamlining medical supply chains.
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Blockchain has been a game changer across medical supply chains where traceability and provenance are crucial. Medical components can be hazardous if they exceed their expiry date, or are not kept under prescribed storage conditions. Blockchain’s time-stamped transaction record-keeping is utilized by several pharma giants to optimize their existing operations, guaranteeing component sources from manufacturing to distribution and beyond.
HashCash CEO and blockchain pioneer Raj Chowdhury states, “Blockchain has proved its utility as an indispensable technology implemented across some of the biggest global supply chains. The platform powering Bitcoins ensures transparency and traceability throughout the entire process, offering real-time visibility for informed decision-making.”
In addition to medical supply and storage, blockchain has been extensively used in global vaccination drives, particularly during the recent worldwide pandemic. While the whole word focused on isolation and avoiding getting infected by COVID-19, blockchain reinforced the process, minimizing interaction by eliminating intermediaries for documentation. They were also critical in preserving the efficacy of these vaccines.
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“Blockchain remains one of the biggest revelations in the current digital revolution. From powering innovations of the future to improving functions in the existing structure, the technology will benefit billions by promoting financial inclusion, equality, and productivity,” concluded Chowdhury, who had previously expressed his support for blockchain use in education management and reduction of carbon emissions.
Based out of the US, HashCash has won top honors in global blockchain development. Deploying products in over 26 countries across 6 continents, the company has been consistent in surpassing client expectations and prioritizing innovation and excellence. HashCash has been well-versed with blockchain consortium, IoT, supply chain, and traceability solutions have partnered with enterprises across the US, Spain, Europe, and more. The firm has also been involved in building blockchain prototypes for vaccine distribution, prevention of drug fraud, child trafficking, and more.
Blockchain’s undeniable contribution across any domain that requires documentation and subsequent validation has driven its implementation across major supply chains of the world, including case-sensitive pharma companies. Enterprises can integrate the technology to leverage better business growth opportunities through optimization of processes and subsequent cost-cutting.
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