Asian company uses blockchain technology to prevent fraud with COVID -19 vaccines

Zuellig Pharma has launched eZTracker: A blockchain-powered medical management system to prevent fraud involving COVID -19 vaccines.

Asia-based medical services company Zuellig Pharma has developed a blockchain platform to improve its vaccine tracking service and prevent accidents that could endanger public health.

eZTracker, Zuellig Pharma’s management system, guarantees the authenticity of vaccines, preventing the smuggling of medical products and misappropriation of vaccines and supplies during official distribution.

How eZTracker can prevent vaccine fraud

Zuellig Pharma’s eZTracker software ensures transparency throughout the supply chain by recording the movement of each package from manufacturing to delivery and administration.

Because the software uses blockchain technology, the information is verifiable in real-time, provides instant results, and requires no intermediary. It is also censorship-resistant and immune to intentional manipulation of the reported data.

Daniel Laverick, vice president and head of digital and data solutions at Zuellig Pharma, said that in addition to knowing a product’s path and verifying its authenticity, users have the ability to reliably obtain a wealth of valuable information.

“For products registered with eZTracker and depending on the needs of our pharma principals, patients can scan the 2D data matrix on the product packaging to verify key product information like expiry date, temperature, and provenance through its app powered by blockchain,”

Laverick believes Hong Kong could be a key market for positioning eZTracker as a healthcare system monitoring tool. Zuellig Pharma has a customer base of more than 1,000 healthcare facilities in 13 countries in Asia.

Blockchain Goes Beyond Crypto

The use of blockchain technology in logistics and medicine is not new. As the industry has matured, developers have launched proofs-of-concept and practical applications that give distributed ledger and blockchain technologies comparative advantages over approaches that rely on human operators or must work with central servers. Some initiatives have proven successful, others have struggled to gain traction, but the use of blockchain technology is diversifying across industries over time.

In the medical space, for example, MediLedger is a startup that offers a service similar to eZTracker, but for a much broader audience, guaranteeing the authenticity and validity of medicines from affiliated facilities.

Similarly, during the COVID boom, several proposals were explored for COVID passports using blockchain to guarantee information about the spread of the virus and record people’s movements and travel under surveillance.

And there are already applications in the food industry, energy distribution, and even the shoe industry – shoe manufacturer New Balance uses Cardano to prevent counterfeiting.

Source: CryptoPotato

Previous articleThe unhosted crypto wallet rule is back
Next articleAltcoins rack up 30% gains as Bitcoin price chases after $39,000