Created on 4th December 2022
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blJust imagine you are in 2020 again, your loved one needs the vaccine in emergency but you can't get a real one either due to counterfeiting or shortage although there was a correct amount of production. Feels Horror right! But what if we already had a transparent , anti-counterfeiting and fair supply chain then you would have got your right.
From the last decade, pharmaceutical companies are facing difficulties in tracking their
products during the supply chain process, allowing the counterfeiters to add their fake medicines
into the market. Counterfeit drugs are analyzed as a very big challenge for the pharmaceutical
industry worldwide. As indicated by the statistics, yearly business loss of around $200 billion is
reported by US pharmaceutical companies due to these counterfeit drugs. These drugs may not
help the patients to recover the disease but have many other dangerous side effects. According
to the World Health Organization (WHO) survey report, in under-developed countries every 10th
drug use by the consumers is counterfeit and has low quality. Hence, a system that can trace and
track drug delivery at every phase is needed to solve the counterfeiting problem
The problems we solved:
Smart Contract:
Tracks Applied (3)
Push Protocol
StackOS
The Graph