Manufacturing or distributing pharmaceuticals fraudulently for monetary gains results in counterfeiting. Counterfeit medicines are deliberately and fraudulently mislabeled and are substandard, therefore do not produce the desired effects and have a serious impact on human health.
Counterfeit drugs are not only a menace to the manufacturers but to the society at a large. The counterfeit drugs when used compromise the treatment of chronic and infectious diseases, causing disease progression, drug resistance, and even death. Consider this, in the European Union some medicines are on the way to Italy, they never make it there. Instead, they reach a pharmacy in Spain. On the other hand, the pharmacy in Italy receives fake drug consignment. In a traditional setup, there is no sure way for any manufacturer to track the shipment clearly, and to know the recipient is the intended one. Counterfeit drugs then become the order of the day, leaving consumers helpless on the other side of the spectrum.
Until now, manufacturers have struggled to deliver authentic medicines to the consumers with the pharmaceuticals they buy. Without the latest technology intervention, the pharma supply chain suffers a multitude of limitations, including a lack of transparency. Coforge brings innovative blockchain technology to pharma consumers' rescue. This revolutionary technology successfully plugs the loopholes of the traditional pharma supply chain management.
Coforge blockchain experts offer a homegrown application using which users can track their medicine orders and be sure of their authenticity. Since the app connects with the underline Blockchain based solution for pulling the tamper proof data on the scanned drugs, it assures safety to the consumers.
Using the in-house pharma app, end users can scan the given QR code or bar code to authenticate the medicines purchased.
The scanning app pulls out data of the medicines from the backend blockchain solution. Users can verify the batch number, manufacturing date, expiry date, and authenticity code printed on the drugs and those shown on the app.
The blockchain technology enables consumers to authenticate medicines by verifying the manufacturer's provenance details, warehouse, stockists, and the pharmacy.
Consumers can use the incident-reporting feature to report any mismatch of QR code, bar code, medicine details, or provenance details.
Pharma manufacturers have a complete view of the incidents reported, including raised, resolved, and in-progress.
The graphical interface offers analytics around the raised incidents and arrive at conclusions
The ability to authenticate the medicines purchased provides clarity and instills confidence in consumers.
Looking at the dashboard view, a pharma manufacturer can ascertain the offenders at the level of pharmacy, stockists, or carry forward agents.
With the ability to report any information mismatch, consumers feel empowered and become a contributory partner in determining offenders.
Pharma manufacturers get insights on the region-wise, category-wise, and product-wise raised incidents that they can use to prioritize their actions and become more relevant to consumers.
With the integration with backend systems, pharma manufacturers get clear information on the monthly revenue loss or gain because of the increase or decrease in reported incidents.
The blockchain solution provides in-built protection to ensure every transaction is tamper-proof.
Pharma manufacturers can decrease their losses and achieve higher returns by taking proactive actions inspired by insightful analytics. Fewer resources are required to manage the supply chain. The blockchain technology ensures minimal risk of counterfeit products in the supply chain and higher gains in brand-loyalty.
R3 Corda, Spring Boot, React JS, React PWA, Azure, Docker, Mongo, Bash Scripts