< Features
Transforming Drug Traceability with Blockchain Technology
Enhancing Safety, Transparency, and Efficiency in Pharmaceutical Supply Chains
Get started with $400 free credits. No credit card required.
Get an in-depth
product demo
Thank you for your interest in Spydra! Someone from our team will contact you soon.
Or book an in-depth demo at a time that is convenient for you
Book a Demo
Oops! Something went wrong while submitting the form.
OE logoEphicient logoEphicient logoEphicient logoEphicient logoEphicient logoEphicient logo
BENEFITS
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
Dairy value chain with blockchain integration
1.

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.

2.

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.

3.

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.

4.

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.

5.

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.

Blockchain Participants

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
  • 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.
Pharma Manufacturers
  • 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.
100M+
Transactions on Blockchain
50M+
Assets on Chain
90%
Reduction in cost & time
20+
Clientele
Featured Blogs on Pharma Industry --
More Blogs
How to Prevent the Sale of Counterfeit Products in Pharma Industry using Blockchain?
8 minute read
How Blockchain is Transforming the Drug Supply Chain Management?
4 minute read
Blockchain: Is it a Game-Changer for Enterprise Operations?
5 minute read
WHY CHOOSE SPYDRA?
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
1. Deploy
Create your network, deploy our pre-configured asset tokenization application tailored to your use case, and invite other participants to join your network.
2. Integrate
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
LET'S CONNECT
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.
Talk to an Expert
We are backed by

AriseHealth logoAriseHealth logoOE logoEphicient logoEphicient logo

FAQs

1. What is drug traceability, and why is it important?

Drug traceability ensures we can track pharmaceutical products from production to consumption, crucial for safety, authenticity, and swift recalls in emergencies.

2. How does blockchain enhance drug traceability?

Blockchain provides a secure, transparent, and tamper-proof record of every drug transaction, reducing counterfeit risks and enabling quick tracing of products.

3. Can smaller pharmaceutical entities benefit from Spydra's blockchain technology?

Yes, Spydra offers scalable solutions and support, allowing smaller companies to leverage blockchain through partnerships, consortia, or utilizing Spydra's platform-as-a-service offerings.

4. How can customers verify the authenticity of pharmaceutical products using Spydra Blockchain?

Customers can verify the authenticity of drugs by scanning the product, and gaining access to its comprehensive history, current ownership details, and other pertinent information.

5. Why is tokenization important in pharmaceutical manufacturing?

Raw materials are tokenized to ensure traceability and quality control throughout the manufacturing process, enhancing transparency and accountability.

6. What role does unique identifier assignment play in drug manufacturing?

Drug lots receive unique identifiers, enabling meticulous tracking from production to distribution, ensuring product authenticity and integrity throughout the supply chain.

Tokenize at scale with Spydra

Spydra combines the most powerful developer tools in blockchain with helpful resources, talented community, and prompt support.

Get started for free!

We are ISO 27001 compliant

Schedule a demo with us