The U.S. Food and Drug Administration (FDA) is currently trying to improve the safety and quality of the products available for consumers. Using blockchain technology it will be possible for the agency to ensure greater accountability in the nation’s drug supply chain. The information was released by FDA in a recent press release.

The FDA is now launching a pilot project in which participants that represent the drug supply can use new verification methods to ensure that suspect and illegitimate products do not enter the supply chain. The intention is to launch the track-and-trace system for the industry in 2023.

In order to improve this system, the pilot will be using different technologies that will become part of the enhanced expectations for these tracking systems. Counterfeit drugs will not be able to enter the supply chain and harm patients all over the country.

FDA Commissioner Scott Gottlieb commented:

“As part of our ongoing efforts to protect our nation’s drug supply, today we’re giving industry an opportunity to test new technologies that can help spur greater accountability for participants in the supply chain and improve our ability to trace prescription drugs at every point in the distribution chain.”

He went on saying that they can improve the overall security of their closed system. This is just one of the many steps that the agency is taking in order to improve the security of the drug supply. They have invested in blockchain technology to enhance the security of the drug supply chain.

In order to work with blockchain technology, the FDA has hired Fran Yiannas, an expert on the use of traceability technologies in global food supply chains. He will be working with the FDA and Gottlieb to strengthen the U.S. supply chain as well.

The new pilot project will also be identifying and evaluating which are the most efficient process to be compliant with and apply drug supply chain security requirements. All the parties involved in the projects will be taking advantage of the learning shared during the pilot program.

There are several companies and agencies all over the world that are starting to use distributed ledger technology (DLT) in order to improve security and safety in the supply chain. For example, Carrefour and JD.com have implemented blockchain technology to have a clear overview of where the food they sell comes from.

Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) Price Analysis Watch (Feb 8th)

Similar to Notcoin - Blum - Airdrops In 2024

origin »

159 +