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Authenticate, Trace, Verify Drugs
Blockchain enhances pharma supply chain by ensuring transparency, traceability, and authenticity of drugs. It enables real-time monitoring, reduces counterfeiting risks, streamlines regulatory compliance, and empowers stakeholders with secure access to verified data, fostering trust and patient safety.
Enhanced Supply Chain Visibility
Reduced Fraud and Counterfeiting
Transparency and Traceability
PHARMA SUPPLY CHAIN TOKENIZATION PROCESS
Raw materials undergo processing to extract pharmaceutical-grade components. Each batch of processed raw materials is tokenized to maintain traceability and quality control throughout the manufacturing process.
Facilitate real-time updates to blockchain asset data by iniviting supply chain participants using different systems to the blockchain network. Ensure decentralized access and secure authentication for data integrity, fostering collaboration in creating or updating asset information.
Once the drug lots are manufactured, they are assigned a unique identifier. This tokenization stepfacilitates meticulous tracking and monitoring of individual drug batches from the production phase through distribution, thereby safeguarding product authenticity and integrity.
Integrate Spydra’s Oracle ith IoT devices for real-time tracking of physical goods, enabling incident reports triggered by Workflow trigger such as temperature deviations during transportation.
Enable customers to verify the authenticity of the drug by scanning the product, granting access to its comprehensive history, current ownership details, and other pertinent information.
Various participants contribute data to the Blockchain network by integrating their existing systems like ERP, front-end applications, database systems or even upload data using excel, csv files.
Benefits for Participants
Various participants play distinct roles in the ecosystem. Each participant of the supply chain stands to gain specific benefits from utilizing blockchain technology
Consumers gain access to transparent information about the entire supply chain, fostering trust in the origin and authenticity of the drug.
Blockchain enables consumers to authenticate and trace the source of the drugs they purchase.
Enhanced traceability helps in maintaining and proving the quality of drugs, meeting regulatory standards
Identify and address bottlenecks to streamline processing and manufacturing operations, enhancing overall efficiency.
REtailers & distributors
Real-time data on product movement aids in efficient inventory management and reduces the risk of stockouts
Ensure the quality and authenticity of drug while mitigating the risk of counterfeiting.
Focus on building your use case. Leave the blockchain to us.
Spydra offers an intuitive low-code asset tokenization platform that allows you to focus on building your use-case while leaving the complexities of blockchain to us. Spydra provides production-ready infrastructure, ensuring a smooth and efficient launch of your blockchain use-case.
An intuitive low-code asset tokenization platform
Create your network, deploy our pre-configured asset tokenization application tailored to your use case, and invite other participants to join your network.
Once your network and asset tokenization app are deployed, access your APIs and easily integrate blockchain into your application. No changes to your code, just a few additional API calls. We have simplified integration with systems like SAP, etc.
3. Production Ready
Launch your blockchain use case quickly on the ground.Customise to your use-case backed by innovate platform features.
Customise to your use-case backed by innovate platform features.
Fractionalise and issue tokens for your assets with Token Engine
Bring Off-chain data to your blockchain with Oracles
Automate your tasks with no-code using Workflow Builder
Get notified on every critical blockchain event with Listners
File Storage & Sharing made easy with Graph Query
Tailor smart contracts for your use-case with Custom Chaincode
Discuss your use-case with us!
We want to see how Spydra can help your team build products or process on blockchain. Schedule a live in-depth demo with our blockchain experts to help you get your blockchain journey started.