How Blockchain Will Change The Pharma Industry.

May 31, 2019

Pharmaceuticals are a $466 billion industry in the United States, according to Statista. However, concerns about privacy and transparency in clinical trials have the potential to impede the future of drug development and increase costs. Emerging technologies like blockchain should be explored to overcome these privacy concerns. Blockchain will greatly modernize the pharmaceutical industry, and I believe it will become the best way to handle certain initiatives that relate to transparency, privacy and traceability.At its very core, blockchain is a distributed ledger system with verifiable transactions. Through every subsequent transaction, the ledger is encrypted and verifiable throughout the chain. If there is a ledger with 100 transactions, for instance, each transaction is verifiable through its previous and subsequent transaction

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Novavax, Inc. is a clinical-stage vaccine company committed to delivering novel products to prevent a broad range of infectious diseases. Our recombinant nanoparticles and Matrix-M™ adjuvant technology are the foundation for groundbreaking innovation that improves global health through safe and effective vaccines.

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