Blockchain To Track Drugs And Hemp; XPay.Life Comes To India & More

20% of all pharmaceutical goods sold in the Indian market are counterfeit

FedEx, GSK, Walmart, Pfizer and others have adopted blockchain to track prescription drugs

XIPHIAS launches a new blockchain-based platform called XPay.Life

The US in its annual ‘Special 301 Report’ on intellectual property protection and review of ‘notorious markets’ for piracy and counterfeiting had reportedly blamed India for its growing problem of counterfeit medicines. According to the United States Trade Representative (USTR), almost 20% of all pharmaceutical goods sold in the Indian market are counterfeit. The Indian pharmaceuticals market is the third-largest market in terms of volume and thirteenth largest in terms of value. This is a strong claim considering the growing pharmaceutical market of India and its decades-old reputation of being the ‘pharmacy to the world.’

In another report by the World Health Organisation (WHO), 35% of fake drugs sold over the world were found to come from India.

Two years ago, Niti Aayog in collaboration with Oracle ran a pilot test where they used blockchain distributed ledger and Internet of Things (IoT) software, in partnership with Apollo Hospitals and Strides Pharma. The pilot test was successfully completed sometime last year.

Recently, Niti Aayog revealed some of the findings and designed and implemented a new system named Drug Authentication and Verification Application (DAVA), based on the GS1 standards for drug tracking and traceability.

“The aim is to improve India’s image as a world leader in the production of safe pharmaceutical products by providing real-time visibility of drugs produced and exported out of India.” 

Furthermore, the report highlighted that the DAVA system, which will be rolling out the solution in a phased manner and will include 2000 manufacturers, starting with the participation of large and medium manufacturers, followed by small and medium-scale manufacturers. It has to be noted that NITI Aayog was…

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