Tag Archives: Bitcoin

A ‘better Bitcoin’ on the way?

BitcoinAcademics from various U.S. colleges including MIT, Stanford University, and the University of California, Berkeley have teamed up to create a digital currency designed to be able to process as many as 10,000 transactions a second, which is thousands of times faster than Bitcoin and quicker even than credit card payments processor Visa.

Called Unit-e, the new virtual currency is the first project initiative of the just-launched Distributed Technologies Research (DTR), a non-profit foundation formed by the academics with backing from hedge fund Pantera Capital to develop decentralized technologies. DTR is funding a distributed collaboration of researchers from top universities across the US, working on the unsolved technical challenges of blockchain scalability.

Click here for more…

4 reasons why pharma serialization needs the Blockchain

Blockchain in Pharma
Due to regulatory mandates, the Pharma industry has identified Product Serialization as a key to reducing the amount of counterfeit drugs entering the supply chain. Serialization utilizes applications and systems to track and trace the channeling of prescription drugs as they move throughout the entire supply chain. Serialization provides a series of unique identifiers (ie National Drug Code + Unique Serial Numbers) for identifying drugs that may be traced from the API (Active Pharmaceutical Ingredients) Suppliers all the way to the patient. What serialization is focused on is based on these 4 factors:

1. Providing Visibility and Control within the entire supply chain
2. Product Verification
3. Product Traceability
4. Reduction in Counterfeit Drug Production

Click here for more…

iSolve – Blockchain Innovation for BioPharma