Donate / Support :-)



Curated Cryptocurrency News Curated Cryptocurrency News
Curated Cryptocurrency News
Information, News, and more on Blockchain technology and Cryptocurrencies such as Bitcoin, XRP, Ethereum, Litecoin, Cardano, Stellar Lumens, and more!
  • Home
  • Buy/Sell Cryptocurrency
  • Shop Using Cryptocurrency
  • Cryptocurrencies
    • Bitcoin (BTC)
    • Cardano (ADA)
    • Ripple (XRP)
    • Ethereum (ETH)
    • Litecoin (LTC)
    • NEO (NEO)
    • GAS (GAS)
    • Ontology (ONT)
    • Ontology Gas (ONG)
    • Stellar (XLM)
    • Tron (TRX)
  • Cryptocurrency Market Stats/Data
  • News Articles
  • FAQ
  • Contact
    • Contact Us
    • Privacy Policy/Terms of Use
  • Home
  • Buy/Sell Cryptocurrency
  • Shop Using Cryptocurrency
  • Cryptocurrencies
    • Bitcoin (BTC)
    • Cardano (ADA)
    • Ripple (XRP)
    • Ethereum (ETH)
    • Litecoin (LTC)
    • NEO (NEO)
    • GAS (GAS)
    • Ontology (ONT)
    • Ontology Gas (ONG)
    • Stellar (XLM)
    • Tron (TRX)
  • Cryptocurrency Market Stats/Data
  • News Articles
  • FAQ
  • Contact
    • Contact Us
    • Privacy Policy/Terms of Use

FDA Commissioner Suggests Blockchain use in New Supply Chain Pilot Program

February 11, 2019

The Commissioner of the United States Food and Drug Administration (FDA) has suggested the use of blockchain for an open pilot scheme for the pharmaceuticals industry. The pilot focuses on improving supply chains and was announced in a notice published Feb. 8.

The Pilot Project Program Under the Drug Supply Chain Security Act (DSCSA Pilot Project Program), which aims to ingratiate industry players with emerging innovative technologies, will accept applications through March 11.

The move is an initial step in the development of a digital supply chain platform specifically geared to tracking drugs and preventing counterfeiting, set to operate from 2023. While not confirmed, analogues of such supply chain platforms leverage blockchain technology to improve conventional systems.

FDA Commissioner Scott Gottlieb commented in an accompanying press release Feb. 7:

“We’re invested in exploring new ways to improve traceability, in some cases using the same technologies that can enhance drug supply chain security, like the use of blockchain.”

The DSCSA in fact dates back to 2013, when it — an act that “outlines steps to build an electronic, interoperable system to identify and trace certain prescription drugs” — was signed into law.

“Enhanced verification and tracing in the supply chain can translate to a more rapid response by industry and the FDA when an illegitimate product is found,” the press release added.

The FDA did not mention the desired size or scope of the pilot, nor hint at which specific industry participants, if any, had already expressed interest.

The provenance of pharmaceuticals is one of the areas that multiple actors have sought to overhaul using blockchain.

Worldwide, supply chains for a large number of major industries are seeing similar treatment, with some already benefitting from dedicated platforms such as IBM and Maersk’s TradeLens, which launched in August 2018.

Like, Share, Follow!
Related Articles
Major Philippines Bank “Union Bank” to Launch Two-Way Crypto ATMs
February 11, 2019
Views on “Securities” by SEC Commissioner Hester M. Peirce Shines Light of Clarity
February 9, 2019
SWIFT CEO Announces They Will Integrate With Blockchain Consortium ‘R3’
January 30, 2019
Blockchain Firm SBI Holdings & R3 Officially Announce Joint Venture
January 29, 2019
1 Comment
  1. Pingback: Commissioner of FDA Suggests Blockchain use in New Supply Chain Pilot Program - Entertainment Heat
Leave Comment

Cancel reply

Your email address will not be published. Required fields are marked *

clear formSubmit

Help Us Continue to Provide FREE News! :-)

Donate with Crypto

Search
Cryptocurrency Market Stats

 

Buy/Sell Cryptocurrency
Ctyptocurrency Converter

SECURE your Crypto!

Ledger Nano S - The secure hardware wallet

Share what you Like! :-)
RSS
Facebook
Facebook
Twitter
Visit Us
Follow
YOUTUBE
YOUTUBE
Instagram
Connect with Us on Twitter!
Tweets by @Curatedcoinnews

Curated Cryptocurrency News.
© 2018 All Rights Reserved.

  • Home
  • Buy/Sell Cryptocurrency
  • Shop Using Cryptocurrency
  • Cryptocurrencies
    • Bitcoin (BTC)
    • Cardano (ADA)
    • Ripple (XRP)
    • Ethereum (ETH)
    • Litecoin (LTC)
    • NEO (NEO)
    • GAS (GAS)
    • Ontology (ONT)
    • Ontology Gas (ONG)
    • Stellar (XLM)
    • Tron (TRX)
  • Cryptocurrency Market Stats/Data
  • News Articles
  • FAQ
  • Contact
    • Contact Us
    • Privacy Policy/Terms of Use