Blockchain Revolution: Eradicating Counterfeits in the Pharmaceutical Industry!

The application of technologies such as blockchain is expanding in the pharmaceutical sector to address historical challenges such as counterfeit drugs and lack of transparency in logistics. The WHO estimates that 10% of medicines worldwide are counterfeit, and in Brazil, this figure can reach 20% in some segments. André Carneiro, CEO of BBChain, points out that blockchain can reduce counterfeiting and ensure complete traceability of medicines. The technology allows monitoring the authenticity of inputs, protecting sensitive data, and improving compliance in healthcare processes.

For consumers, counterfeiting poses health risks, while for the industry, it results in financial and reputational losses. Blockchain creates a reliable ecosystem with tamper-proof records, connecting all stages of the chain and ensuring safety for products, doctors, and patients.

Among the benefits of blockchain in the pharmaceutical sector are the automated certification of drug batches and the tokenization of research assets and patents, facilitating the licensing and monetization of scientific discoveries. The technology also offers more secure patient data management, ensuring privacy and digital consent, as well as reducing the undue exposure of clinical information.

https://cointimes.com.br/revolucao-blockchain-erradicando-falsificacoes-no-setor-farmaceutico/