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SAP works on a blockchain project that helps recognize counterfeit drugs

A multinational software company, SAP reveals to the public the main project they are currently doing, which uses generalized accounting technology, as reported by The Next Web.

According to the official World Health Organization (WHO) release in 2017, about 10% of medical products circulating in low and middle-income countries were false or below standard.

In the United States alone, drug wholesalers see about $ 7 billion of returned medicines, which are usually sold to the public, regardless of their "conditions".

With a new regulation of the US Drug Supply Chain Safety Act (DSCSA), all wholesalers are now obliged to check prescription drugs before resale.

This is where the new SAP software plays an important role as it allows wholesalers to authenticate the medicines returned from pharmacies and hospitals using the blockchain-supported supply chain tracking system.

Another noteworthy fact is that the software was developed in collaboration with leading pharmaceutical companies, such as Boehringer Ingelheim, GlaxoSmithKline and Merck Sharp & Dohme.

Looking at the previous case, it is not too much to say that blockchain can not only improve people's lives, but can actually save people's lives.

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