Blockchain Adopted for Drug Supplies Tracking

As an effort in enhancing the transparency of the drug supply, the US Food and Drug Administration has decided to launch a pilot program to observe the potential of blockchain technology in their management. The blockchain pilot program allows the drug supply chain to explore the ways of tracking prescription medicine to its origin.

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Blockchain Adopted for Drug Supplies Tracking

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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