The name of the base system (platform): | SAP Cloud Platform Blockchain |
Developers: | SAP SE |
Last Release Date: | 2019/01/17 |
Branches: | Pharmaceutics, medicine, health care |
Technology: | SaaS - Software as service |
2019: Availability of functionality of information hub in the USA
On January 17, 2019 the SAP company announced availability of functionality of information hub of SAP Information Collaboration Hub for Life Sciences in the USA. The blockchain will allow to control more effectively supply chains of medicines and to reveal counterfeit medications. The hub is created for authentication of pharmaceutical packaging which returns hospitals and drugstores to wholesalers before drugs go on sale or will be used in clinic. In the USA the number of such returns reaches 60 million that in a cash equivalent makes about 7 billion dollars.
According to the developer, the solution on the basis of a blockchain will help clients to observe requirements of the Law of the USA about security of supply chains of medicines (DSCSA). According to it, since November, 2019 wholesalers will have to check the drugs which are released according to the recipe which are returned or held for resale. The law will protect consumers from the counterfeit or stolen drugs.
"The blockchain creates generation of corporate applications which will be able to improve cooperation in wholesales of medicines considerably. The SAP solution based on a blockchain provides tools for interaction with our partners and facilitates control of observance of all requirements of the Law DSCSA". Jeffrey Denton, head of the direction Global Secure Supply Chain, AmerisourceBergen Corporation |
According to the statement of the developer, software allows to check a product code, a batch, an expiration date and unique serial number of medicine, all these data are stored in a blockchain. The software was developed together with companies AmerisourceBergen, Boehringer Ingelheim AG&Co. KG, GlaxoSmithKline plc and Merck Sharp&Dohme.
"The pharmaceutical industry was interested in the solution which could without difficult integration provide safe and transparent data access. We created the scalable reliable product for pharmproizvoditel and wholesalers considerably simplifying observance of all legislative arrangements and requirements". Oliver Nyurnberg, the chief manager on the SAP products for Life Sciences, SAP SE |
You look also the Blockchain and cryptocurrency
- Overview: Blockchain of 2018
- Blockchain (main article)
- Projects based on blockchain technology
- Consortium R3 - R3 manages consortium from more than 60 world's largest financial institutions for development of disruptive commercial applications for the financial services industry which use the corresponding elements of the distributed and general register technologies.
- Blockchain in Russia
- Bitcoin Cryptocurrency
- Bitcoin in Russia
- Cryptocurrencies in Russia
- ICO (Initial Сoin Offering)
- Kraudinvesting
- How to estimate ICO
- Miner
- Cryptocurrency exchanges
- Ethereum (cryptocurrency)
- Hyperledger (Open Ledger Project)
- MasterChain of the Central Bank of the Russian Federation
- IPChain Network of transactions of the rights and intellectual property items
- Blockchain fund
- Emercoin Consortium
- Digital Trade Chain (DTC)
- Hyperledger
- Quantum cryptography (enciphering)
- Cryptography
- Cryptography in digital technologies
- Cybersecurity - Means of enciphering