Tag Archives: supply chain

GSK, Viant give blockchain-based tracking a shot

Dive Brief
Viant, an Ethereum-based blockchain platform built for supply chains, will collaborate with pharmaceutical company Glaxo Smith Kline and several others to speed deployment of blockchain-based supply chain systems.
– For the biopharma industry, blockchain could help manage complicated supply chains and provide the means to track use of licensed technologies — an area GSK plans to explore with Viant, according to a release.
– Other companies participating in Viant’s beta test include Imaginea, a zero carbon venture; Microsoft; The Wold Wildlife Fund, which seeks to create more sustainable fisheries, and an unspecified oil and gas company.

Dive Insight
The pharmaceutical industry is experimenting blockchain, partly in an effort to meet Drug Supply Chain Security Act standards.
“In the near future governments and regulatory bodies will recognize the power of blockchain technology and mandate its use in the pharmaceutical industry,” said Tyler Mulvihill, cofounder of Viant. “For example, the U.S. Drug Supply Chain Security Act has mandated unit-level track and traceability for pharmaceuticals by 2023. Blockchain is an amazing way accomplish this in a provably immutable way.”

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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

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iSolve – Blockchain Innovation for BioPharma

Blockchain: the technology to make DSCSA work after 2023?

Blockchain in pharmaIndustry experts are grappling with the eventual requirement to provide accurate supply-chain traceability.


Not withstanding FDA’s June 30 announcement that it was delaying enforcement of the Drug Supply Chain Security Act’s next phase by one year (November 2017 to November 2018), the global pharma industry will have invested several billion dollars in hardware and software to comply with that law and related efforts to secure the pharma supply chain around the world.

drug traceability requirements

And while other countries have their own pathway toward providing traceability of pharma shipments, the US’ effort has a small problem: as written, no one knows how the law will work effectively by 2023 when all of its components are to be in place. Oops!
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By Nicholas Basta