SAP's Pharma Blockchain avoids "Fake Drugs"
18 January, 2019
SAP’s Advanced Track and Trace for Pharmaceuticals can verify drugs through barcode scanning in an effort to eliminate the estimated $200 billion counterfeit drug market.
SAP have announced that its blockchain solution the “SAP Information Collaboration Hub for Life Sciences” has gone live for the U.S. pharmaceutical supply chain. Globally there’s a significant problem with counterfeit drugs. Given the sheer quantity of returned pharmaceuticals – nearly $7 billion a year in the U.S. – these are often re-sold. So there’s a risk that these returned drugs could be counterfeit.
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