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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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Qualigen Therapeutics

NASDAQ listed biotechnology company focused on developing treatments for adult and pediatric cancers with potential for Orphan Drug Designation, and advancing rapid, accurate diagnostics.

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