Blockchain to Shape Next Generation Healthcare Supply Chains

GT STAFF | June 1, 2018

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Blockchain technology will play a key role in supporting supply chain transformation in the healthcare sector by helping to reduce fraud and better manage quality in the manufacturing and distribution of pharmaceutical products, according to leading data and analytics company GlobalData.Counterfeiting is a significant problem within the pharmaceutical industry, with the World Health Organization estimating the cost to the industry of counterfeit drugs at over $30 billion.“This isn’t just a financial loss,” said Bonnie Bain, global head of pharma at GlobalData. “It also reflects the fact that in some markets, notably emerging economies, relying on ineffective medicines represents a risk to public health.

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Omnicare, a CVS Health company

Omnicare, a CVS Health company, based in Cincinnati, Ohio, provides comprehensive pharmaceutical services to patients and providers across the United States.

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Omnicare, a CVS Health company

Omnicare, a CVS Health company, based in Cincinnati, Ohio, provides comprehensive pharmaceutical services to patients and providers across the United States.

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