United Arab Emirates telecommunications operator announces the Blockchain solution for counterfeit drugs
January 18, 2019 of Akshay Makadiya
The telecommunications operator based in the United Arab Emirates, formerly known as the Emirates Integrated Telecommunications Company, has unveiled its latest Blockchain platform as a service (BPaaS) that uses false drugs that eliminate cases from the pharmaceutical supply chain. The announcement was made at the Unlock Blockchain Conference in Dubai.
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Blockchain to help eliminate counterfeit drugs
Announced at the Unlock Blockchain conference held in Dubai, the telecom operator UAE du launched a case of using BPaaS in the form of a patient-focused safety blockchain solution. It was developed in collaboration with the MedTech Dhonor HealthTech solution provider.
Conceived as the first United Arab Emirates blockchain-based patient safety solution, it is based on BPa's cloud-based blockchain infrastructure, which allows stakeholders to monitor the provenance and content of drugs throughout the chain. supplying. As a result, its goal is to lead to the removal of counterfeit drugs from distribution channels.
Paramount for patients' health
Jihad Tayara, Vice President of ICT du commercial and commercial development, said:
"In the healthcare industry, patient data protection is critical, so we are proud to implement the next implementation of BPaaS in the healthcare sector, where it will help to save countless lives and increase the quality of care that patients receive."
Last year, the Dubai-based telecommunications company worked with Ethereum's firm, ConsenSys, to develop a blockchain-as-a-service (BaaS) platform. The cloud-based solution would allow companies to develop applications across multiple accounting systems.
In addition, du BPaaS was designed for several use cases, but the platform provided specific integrated tools for app development in the areas of supply chain monitoring and management. In addition, BPaaS supports smart contracts on the Ethereum framework and Hyperledger Fabric v1.3.
Global fight against false drugs
The World Health Organization estimates that the global counterfeit drugs market is worth $ 200 billion a year, killing over a million people. While the UAE is not a major market for fake drugs, its geographic position between east and west has seen it become a prime location for drug smuggling, an accusation that the nation disputes.
By addressing this major concern, the blockchain-based patient safety solution will allow stakeholders to verify the origin and metadata of pharmaceuticals. Because data is placed in a distributed ledger, there is no room for manipulation. By providing full responsibility for pharmaceutical products, the solution increases transparency and confidence in the distribution system.
Dhonor HealthTech CEO Said Wassim Merheby said:
"The need for transparency and visibility to verify the authenticity and condition of the drugs on which the lives of patients depend is essential." By adopting the blockchain in our daily operations, this will be an important step towards digitizing the health sector in the UAE. Arab United and will revolutionize the centrality of the patient ".
In another attempt to combat drug counterfeiting, the regulator of the health system in Dubai, the Dubai Health Authority (DHA) launched its fifth robotized pharmacy in November last year. Smart pharmacy uses a SMART barcode system to eliminate counterfeit medicines from the supply chain.
On the global front, yesterday's software giant, SAP, launched its blockchain solution initially aimed at removing counterfeit drugs from the US supply chain.
Likewise, last year the Indian government group Niti Aayog announced a pilot program on the basis of which it would develop a logistic system of blockchain drugs in an attempt to eliminate false drugs from the market.
Can blockchain technology put an end to the proliferation of the false drug market? Share your opinions in the comments section below.
Images via Pixabay