NITI Aayog has singed Statement of Intent (SoI) with Oracle to pilot real drug supply-chain using blockchain distributed ledger and Internet of Things (IoT) software.
Its aim is to fight growing problem of counterfeit drugs in India. Strides Pharma Sciences and Apollo Hospitals will partner in this effort.
Blockchain technology will help to permanently register drug’s record in manufacturer’s drug supply chain (serial number, scanning, labelling).